San Francisco, CA, 94103, USA
2 days ago
Vice President; Quantitative Finance Analyst
Vice President; Quantitative Finance Analyst San Francisco, California **Job Description:** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! **RESPONSIBILITIES** **:** + Conduct quantitative analytics projects related to the CVL portfolio risk management and CVL loss forecast submission (Baseline, CCAR, CECL). + Identify requirements that improve the ability to generate insights and understanding of portfolio risk, model accuracy, and forecast reasonability. + Develop and maintain new models, analytic processes or systems approaches in support of CVL risk management and loss forecasting. + Document and communicate quantitative methods and operational processes as part of ongoing engagement with key stakeholders. + Quantify long term and short-term risk under various stress scenarios, working with partner teams in quantifying loss forecasting risk on the CVL portfolio. + Analyze large and complex financial dataset with programming tools of SQL, SAS, and R. + Use visualization tools to develop drill-down dashboard capabilities and to summarize risk management trends for Executive stakeholders. + Develop and analyze statistical models of linear regression, auto regression, and logistic regression to assess model diagnostic and model performance. + Generate statistical analysis using SAS, SQL, and HIVE to support credit risk management, analytics and forecasting for Consumer portfolio(s). + Use statistical tests, Kolmogorov-Smirnov test (KS), Receiver Operating Characteristic curve (ROC), Gini, and boosting techniques to assess overall model performance and predictive power of model attributes. + Remote work may be permitted within a commutable distance from the worksite. **REQUIRED SKILLS & EXPERIENCE** **:** + Master's degree or equivalent in Finance, Statistics, Mathematics, Business Analytics, or related; and + 2 years of experience in the job offered or a related quantitative occupation. + Must include 2 years of experience in each of the following: + Analyzing large and complex financial dataset with programming tools of SQL, SAS, and R; + Using visualization tools to develop drill-down dashboard capabilities and to summarize risk management trends for Executive stakeholders; + Developing and analyzing statistical models of linear regression, auto regression, and logistic regression to assess model diagnostic and model performance; + Generating statistical analysis using SAS, SQL, and HIVE to support credit risk management, analytics and forecasting for Consumer portfolio(s); and, + Using statistical tests, Kolmogorov-Smirnov test (KS), Receiver Operating Characteristic curve (ROC), Gini, and boosting techniques to assess overall model performance and predictive power of model attributes. + The employer will accept pre- or post- Master’s degree experience. If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number. **EMPLOYER** : Bank of America N.A. **Shift:** 1st shift (United States of America) **Hours Per Week:** 40 **Pay Transparency details** US - CA - San Francisco - 315 Montgomery St - 315 Montgomery (CA5704) Pay and benefits information Pay range $125,000.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) . To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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