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 role 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 analyzing 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 to client strategies.
• Develop supplementary risk analysis based on material Risk Identification (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 Global 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 communication skills, both written and verbal.
• Self-starter who excels in a fast-paced environment.
• Strong computer skills.

Qualifications

• Degree in finance/economics/statistics or equivalent work experience.
• Prior experience in a risk manager role covering Global Markets products.

Skills

• 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.

Shift

1st shift (United States of America)

Hours Per Week

40