Quantitative Finance Analyst

Bank of America

About the Role

This role is responsible for conducting quantitative analysis for counterparty credit risk (CCR) within the Global Markets business. The position will support the management of various counterparty limit frameworks, monitor secondary risk factors, perform point of weakness analysis of CCR portfolios, and generate management reporting for internal stakeholders, governance, and regulators.

Key Responsibilities

• Manage counterparty stress-based concentration limit frameworks across asset classes, product types, and industry sectors.
• Perform Business As Usual (BAU) CCR stress testing, including scenario design, implementation, and analysis of results to explain key drivers of risk exposures.
• Partner with Credit Officers, Enterprise Credit Risk, and Front Line Unit (FLU) Sales & Trading on CCR limit calibration and new trade approvals to support the underwriting process.
• Lead sector-specific CCR portfolio reviews and specialized deep dives on individual counterparties.
• Develop and maintain risk analytics and secondary Points of Weakness measures to adequately support products and risks related to client strategies.
• Develop supplementary risk analysis based on material Risk Identification (Risk ID).
• Collaborate with Market Risk coverage to apply a consistent risk approach.
• Represent CCR in regulatory exams and ongoing monitoring, addressing regulatory findings and presenting on special topics.
• Monitor CCR model performance and challenge the Group Risk Analytics (GRA) to enhance models.

Requirements & Tech Stack

• Solid understanding of derivative products with broad knowledge across asset classes (FX, rates, equity, commodities, and credit).
• Knowledge of counterparty credit risk measurement techniques on derivatives and financing transactions.
• Excellent written and verbal communication skills.
• Self-starter who excels in a fast-paced environment.
• Strong computer skills.

Qualifications

• Critical Thinking
• Quantitative Development
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Adaptability
• Collaboration
• Problem Solving
• Risk Management
• Test Engineering
• Data Modeling
• Data and Trend Analysis
• Process Performance Measurement
• Research
• Written Communications

Minimum Education Requirement

• Master’s degree in a related field or equivalent work experience.

Work Schedule

• Shift: 1st shift
• Hours Per Week: 40