Quantitative Finance Analyst
Company: Disability Solutions
Location: Jersey City
Posted on: April 28, 2024
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Job Description:
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!Job DescriptionOverview of Global Risk
Analytics - Bank of America Merrill Lynch has an opportunity for a
Quantitative Finance Analyst within our Global Risk Analytics (GRA)
function. GRA is a sub-line of business within Global Risk
Management (GRM). GRA is responsible for developing a consistent
and coherent set of models and analytical tools for effective risk
and capital measurement, management and reporting across Bank of
America. GRA partners with the Lines of Business and Enterprise
functions to ensure that its models and analytics address both
internal and regulatory requirements, such as quarterly Enterprise
Stress Testing (EST), the annual Comprehensive Capital Analysis and
Review (CCAR), and the Current Expected Credit Losses (CECL)
accounting standard. GRA models follow an iterative and ongoing
development life cycle, as the bank responds to the changing nature
of portfolios, economic conditions and emerging risks. In addition
to model development, GRA conducts model implementation, data
management, model execution and analysis, forecast administration,
and model performance monitoring. GRA drives innovation, process
improvement and automation across all of these activities. The
Market Risk Quants (MRQ) team within Global Risk Analytics (GRA)
organization is responsible for the development and enhancement of
market risk models and analytical tools.The team's remit spans
market risk models for internal risk management, market risk
capital requirements for Internal Model Approach (IMA) approved
Legal Entities within Basel 2.5 regulatory framework, and IMA and
Standardized Approach (SA) for upcoming FRTB regulatory framework,
stress testing such as CCAR, EST, ICAAP, Recovery and Resolution
Planning, and Climate Risk.As a quantitative model developer in MRQ
team, you will be responsible for:
Keywords: Disability Solutions, Hoboken , Quantitative Finance Analyst, Accounting, Auditing , Jersey City, New Jersey
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