Senior Quantitative Finance Analyst

Bank of America

. Conducting quantitative analytics and complex modeling projects for specific business units or risk types.

Posted 4/26/2026full-timeChicago • Illinois, New Jersey • 🇺🇸 United StatesSenior💰 $125,000 - $210,000 per yearWebsite

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Conducting quantitative analytics and complex modeling projects for specific business units or risk types.
Leading the development of new models, analytic processes, or system approaches.
Creating technical documentation for related activities.
Working with Technology staff in the design of systems to run models developed.
Influencing strategic direction and developing tactical plans.
Developing and enhancing quantitative risk models, analytics, and applications in support of market risk assessment and regulatory capital calculation in current Basel 2.5 (e.g., VaR, Stressed VaR, Risks Not in VaR) and/or upcoming FRTB (e.g., Standard Approach, Expected Shortfall, Non-modellable risk factor, Risks Not in Model) regulatory framework.
Conducting analysis for implementation of market risk models in strategic model platform.
Developing model performance monitoring metrics such as benchmarking, back-testing as part of continuous efforts to identify and remediate potential model weakness.
Closely working with Global Markets Risk (GMR) and Front-Line Units (FLU) trading desks for internal risk management, Enterprise Capital Management (ECM) for market risk capital requirements, technology partners for model implementation, front-office pricing model quant developers, and Model Risk Management (MRM) for model risk oversight.

Requirements

What you’ll need

Master’s degree in related field or equivalent work experience
PhD (preferred) or master’s degree in quantitative fields such as financial engineering, mathematics, statistics, physics, computer science, or equivalent
Solid 5+ years of work experience in developing FO pricing models or market risk models
Advanced programming skills in Python with 5+ years of experience
Solid understanding of derivatives pricing
In-depth understanding of Value at Risk and statistical estimation methods
Strong communication (both written and verbal) and collaboration skills (this project involves communicating with various groups within the firm)
Effective thinking skill to be able to independently and proactively identify/suggest/resolve issues.

Benefits

Comp & perks

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.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

quantitative analyticscomplex modelingmodel developmenttechnical documentationquantitative risk modelsmarket risk assessmentregulatory capital calculationprogramming in Pythonderivatives pricingstatistical estimation methods

Soft Skills

strong communicationcollaboration skillseffective thinkingindependent problem solvingproactive issue resolution

Certifications

Master’s degreePhD in quantitative fields