Professional, Quantitative Services

2 weeks ago

Toronto, Ontario, Canada Bank of America Full time

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.

In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.


The Quantitative Services Uncleared Margin Rule (UMR) Professional is a member of the team responsible for maintaining the stability of business processes and controls needed to ensure the firm's initial margin ("IM") requirements are accurate and consistent with CFTC & SEC Swap Dealer Regulatory Capital rules.

This work is being executed to support of our internal partners in the Regulatory Capital and Enterprise Capital Management teams.

The analyst will be responsible for various business-as-usual deliverables which must be executed in a timely and accurate fashion.

Responsibilities

  • Review and verify the model inputs feeding the IM calculations
  • Identify, document and escalate production errors detected during pre and postcalculation routines
  • Perform periodic controls which exist to prevent and mitigate erroneous IM calculations
  • Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures
  • Assist with the testing and validation of IM results through each technology release
  • Identify and establish control processes that will mitigate future IM calculation errors
  • Perform daily and adhoc reporting to measure and monitor key metrics for the UMR BAU space
  • Provide enhanced analysis and IM explains to front office and collateral operations teams when counterparty disputes arise for IM calculations
  • Communicate effectively with all levels of management, across business units as well as externally to customers of the firm.

Required Skills:

  • Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR) including market & credit risk
  • Strong technical skills including experience using Python, Excel/VBA and SQL
  • Experience pricing OTC derivative products including futures, options, swaps, credit default swaps, forward rate agreements and swaptions
  • Experience working with OTC derivatives/Fixed Income
  • Excellent communication & analytical skills
  • Ability to document and present complex material in a simple and understandable manner

Desired Skills

  • Master Degree in Mathematics, Finance, Business or Quantitative field
  • Two years or plus experience working in a quantitative risk, middle office, or front office role

Other Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
  • Excels in working among diverse viewpoints to determine the best path forward.
  • Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

What Bank of America Offers


Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance.

By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Job Band:

H5

Shift:

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

  • Quantitative Services Professional –

    2 weeks ago

    Toronto, Ontario, Canada Bank of America Full time

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is...

  • Quantitative Analyst, Quantitative Risk

    2 weeks ago

    Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Senior Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada Hillsdale Investment Management Inc. Full time

    SENIOR QUANTITATIVE ANALYST/ QUANTITATIVE ANALYSTHillsdale Investment Management Inc. (Hillsdale) is an independent, employee-controlled, and client-aligned investment boutique managing investments on behalf of a select group of sophisticated institutional and private wealth investors. We engage in disciplined active investment management, specializing in...

  • Quantitative Audit Manager

    2 weeks ago

    Toronto, Ontario, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1Why join BMO as an Audit Manager?:This is an ideal role for quantitative finance professionals who aspire to a career in model risk, without limiting themselves to a specific model area. The role will offer an ideal blend of higher learning and real world practice, exposing you to some of the latest technologies...

  • Quantitative Analyst, Derivatives

    2 weeks ago

    Toronto, Ontario, Canada S&P Global Full time

    The Role: Quantitative Analyst, DerivativeThe Team: The Quantitative Analytics Group (QAG) is a global team of experienced quantitative analysts who support several related derivatives valuation and data businesses within S&P Global Market Intelligence. The team is a dynamic and collaborative group who take on a broad range of financial engineering and...

  • Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryIn this role, the Central Risk Book Analyst will develop and improve statistical frameworks to measure execution quality and trading costs, to manage internal/external flows in a systematic and efficient way.RBC Capital Markets is actively seeking a driven and hardworking professional to join our Central Risk Book Group as a Quantitative...

  • Quantitative Equity Researcher

    2 weeks ago

    Toronto, Ontario, Canada CPP Investments Full time

    Company DescriptionMake an impact at a global and dynamic investment organizationWhen you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management...

  • Senior Quantitative Economist

    2 months ago

    Toronto, Ontario, Canada Ombudsman Ontario Full time

    Effective April 1, 2024 the salary range for this position is $88,496 to $128,625 per year in compliance with AMAPCEO collective agreement provisions. The new rates, effective retroactive to April 1, 2024, were recently confirmed and dates for implementation of the new salary rates are still to be determined.Are you interested in providing expert...

  • Senior Quantitative Economist

    4 weeks ago

    Toronto, Ontario, Canada Ombudsman Ontario Full time

    Effective April 1, 2024 the salary range for this position is $88,496 to $128,625 per year in compliance with AMAPCEO collective agreement provisions. The new rates, effective retroactive to April 1, 2024, were recently confirmed and dates for implementation of the new salary rates are still to be determined.Are you interested in providing expert...

  • Product Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada PUR Projet Full time

    Product Quantitative AnalystBased in Toronto (Canada)Full-time position, Permanent contractBeginning: ASAP ABOUT PUR PUR is a global leader in the design, development and implementation of nature-based solutions implemented in agricultural landscapes, and invested in by Corporate Partners to address their Scope 3 carbon emissions while improving...

  • Senior Quantitative Economist

    1 month ago

    Toronto, Ontario, Canada Ontario Treasury Board Secretariat Full time

    Are you interested in playing a key role in the implementation of evidence-based decision making in the Ontario Public Service? Do you have superior quantitative analysis skills and the capacity to merge economics, policy, analytics and evaluation to drive continuous improvement and improve outcomes? Are you excited about the opportunity to collaboratively...

  • Senior Quantitative Economist

    2 weeks ago

    Toronto, Ontario, Canada Ontario Treasury Board Secretariat Full time

    Are you interested in playing a key role in the implementation of evidence-based decision making in the Ontario Public Service? Do you have superior quantitative analysis skills and the capacity to merge economics, policy, analytics and evaluation to drive continuous improvement and improve outcomes? Are you excited about the opportunity to collaboratively...

  • Senior Quantitative Economist

    4 weeks ago

    Toronto, Ontario, Canada Ontario Treasury Board Secretariat Full time

    Are you interested in playing a key role in the implementation of evidence-based decision making in the Ontario Public Service? Do you have superior quantitative analysis skills and the capacity to merge economics, policy, analytics and evaluation to drive continuous improvement and improve outcomes? Are you excited about the opportunity to collaboratively...

  • Product Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada PUR Full time

    Product Quantitative AnalystBased in Toronto (Canada)Full-time position, Permanent contractBeginning: ASAPABOUT PURPUR is a global leader in the design, development and implementation of nature-based solutions implemented in agricultural landscapes, and invested in by Corporate Partners to address their Scope 3 carbon emissions while improving biodiversity,...

  • Quantitative Services Analyst

    2 weeks ago

    Toronto, Ontario, Canada Bank of America Full time

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is...

  • Manager Quantitative Analytics

    2 weeks ago

    Toronto, Ontario, Canada The Toronto-Dominion Bank (Canada) Full time

    Description : The successful candidate will be a member of the Non-Retail MV group covering both quantitative and qualitative models designed for Non-retail Credit Risk Capital and Allowance estimation and Non-retail Credit Risk and PPNR Stress Testing. The position reports to the Senior Manager, Non-Retail Model Validation group within MV. Detailed...

  • Associate, Quantitative Rotational Program

    2 weeks ago

    Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Product Quantitative Analyst

    2 weeks ago

    Old Toronto, Ontario, Canada PUR Full time

    Product Quantitative AnalystBased in Toronto (Canada)Full-time position, Permanent contractBeginning: ASAPABOUT PUR PUR is a global leader in the design, development and implementation of nature-based solutions implemented in agricultural landscapes, and invested in by Corporate Partners to address their Scope 3 carbon emissions while improving biodiversity,...

  • Consultant, Quantitative Risk Modelling

    2 weeks ago

    Toronto, Ontario, Canada CIBC Full time

    We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...

  • Quantitative Market Research Specialist

    2 weeks ago

    Toronto, Ontario, Canada AIR MILES Reward Program Full time

    The AIR MILES Reward Program is one of Canada's most recognized loyalty programs, with over 10 million active collector accounts, representing more than half of all Canadian households. AIR MILES collectors earn Reward Miles at more than 300 leading Canadian, global and online brands and at thousands of retail and service locations across the country. AIR...