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 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 (QS) team is responsible for the Model governance and Volcker product monitoring for all Global Markets (GM) trades.


As part of Model Governance, QS monitors the model used for official valuation to identify (i) products that are not valued using an approved model, and (ii) models that are not used within their approved restrictions.

On a monthly basis, QS reports the result of the monitoring and reviews the model exceptions with different stakeholders (i.e. Model Risk, Quants, Traders and Tech) as part of the Model Control Working Groups (MCWG).


As part of the Volcker Monitoring, QS performs a daily monitoring all GM trades against the Approved Product List (APL) for each Volcker Trading Desk (VTD) and Legal Entity.

QS is responsible for the overall governance of the APL Volcker reporting, which includes daily escalation of issues / exceptions, management of weekly and monthly reporting to the Volcker Control Forums (VCF).


Responsibilities
Perform the Model Governance and Volcker Product monitoring, which includes daily escalation of issues / exceptions, and management of monthly reporting and tracking:

  • Monitoring of trades to identify products that are not approved for the Volcker Trading Desk (VTD) or Legal Entity.
  • Monitoring of Volcker Permitted Activities.
  • Monitoring of the models used for official valuation and if they are used within the approved restrictions.
  • Investigating any product/model issues to identify if they are true breaches or data quality issues.
  • Escalation of issues and exceptions to Global Market Risk (GMR), Model Risk Management (MRM), Trading desks, Front office Quants and tech teams.
  • Identify opportunities for process improvements and make recommendations for implementation.
  • Work with technology teams to enhance the monitoring process and implement new product and model restriction monitoring.
  • Support the development of QS product and model governance review policies and procedures, including documentation of the underlying data requirements, process flows, and reporting requirements across the platform.
  • Overall governance of the reporting and tracking of product and model issues.

Requirements:

Desired Skills

  • Bachelor's degree preferably in Business, Finance or Economics.
  • Working knowledge of derivatives, trade attributes, and trade life cycle events.
  • Proficiency working with Excel spreadsheets and Databases.
  • Experience working with VBA, SQL, Python, or any other scripting language.
  • Visio and Tableau skills would an advantage.
  • Writing process documents and BRD documents.
  • Running UAT testing and basic project management skills.
  • Ability to consistently deliver high quality output in an uncertain environment.
  • Strong problem resolution skills.

Additional 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:

H6

Shift:

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

  • 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 Research Analyst

    4 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryJob DescriptionWe are seeking a Quantitative Research Analyst to join the Quantitative Investments team at RBC Global Asset Management (RBC GAM). As a Quantitative Research Analyst, you will apply quantitative research methods to the development and enhancement of systematic and implementable investment models. Your success and that of the team...

  • 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...

  • 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...

  • 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 Analyst

    1 week ago

    Toronto, Ontario, Ontario, Canada Raise Full time

    Contract Duration: 6 MonthsLocation Address: TorontoStory Behind the Need• Business group: Global Analytics and Financial Engineering (GAFE) is working on an implementation project for Margin Computation with Mexico team.Project: the successful candidate will work with senior team members in Global Analytics and Financial Engineering (GAFE) team to...

  • 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,...

  • 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...

  • Senior Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada Botsford Associates Full time

    Botsford Associates is growing its Risk Management practice and as such is looking to add a Senior Quantitative Analyst to our team. In this role you will focus primarily on modelling and calculation initiatives pertaining to XVA and PFE Monte-Carlo simulations; this will include new product onboard

  • 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...

  • Product Quantitative Analyst

    2 weeks ago

    Toronto, Ontario, Canada PUR Full time

    PUR is a global, impact-focused B-Corp specializing in supply chain sustainability. We design, develop, and implement nature-based solutions projects to help our corporate partners reduce their environmental footprint and meet their ESG targets. Many of PUR's projects fall within the categories of insetting, regenerative agriculture, agroforestry, forest...

  • Senior Quantitative Analyst

    1 month ago

    Toronto, Ontario, Ontario, Canada Botsford Associates Full time

    Botsford Associates is growing its Risk Management practice and as such is looking to add a Senior Quantitative Analyst to our team. In this role you will focus primarily on modelling and calculation initiatives pertaining to XVA and PFE Monte-Carlo simulations; this will include new product onboarding into the pricing/modelling engines.Initial Programs in...

  • Quantitative Analyst, Portfolio Analytics

    2 weeks ago

    Toronto, Ontario, Canada OMERS Full time

    Description As a member of the OMERS Total Portfolio Management (TPM) team in Toronto, reporting to the Director, Head of Portfolio Analytics, you will contribute and lead our transformation of how Capital Markets improves investment decision making through data driven insights. As a Quantitative Analyst, Portfolio Analytics, at OMERS Total Portfolio...

  • Quantitative Analyst Intern

    2 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Come Work with UsAt RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that...

  • 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...

  • 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...

  • Quantitative Analyst, Risk Analytics

    2 weeks ago

    Toronto, Ontario, Canada Canada Guaranty Full time

    QUANTITATIVE ANALYST, RISK ANALYTICSSummer Co-op PositionPOSTING:March 2024LOCATION / WORK ENVIRONMENT:Hybrid / Toronto: Summer Co-op (4 months)DEPARTMENT:Risk ManagementREPORTS TO:Manager, Data Science & Risk AnalyticsEMPLOYMENT TYPE /STARTING DATE:Full-Time, Co-op / May 6, 2024CLOSING DATE:OVERVIEWKEY RESPONSIBILITIES Assist to identify opportunities to...

  • 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...

  • Quantitative Analyst, Portfolio Analytics

    2 weeks ago

    Toronto, Ontario, Canada OMERS Full time

    Why join us?Are you looking to join a dynamic pension plan that embodies the strong values of its 500,000 members and is an industry leading global investor? If so, we would love to tell you our story.At OMERS we put our people first and are proud to embrace the diversity of thought and leadership that comes from having locations in Toronto, London, New...

  • Senior Quantitative Analyst, Model Validation

    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...