Quantitative Services Professional

3 weeks ago


Toronto, 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.

**Responsibilities**
- Works as part of a broader team on delivery of projects spanning multiple quantitative domains.
- Expectation is that they would be self-starter who can provide guidance to junior associates and drive the daily work prioritization as well as strategic vision for projects.
- Liaise with various partners and stakeholders to define the direction of projects
- Leverage strong quantitative and programming skills to build deep knowledge and assess the derivatives PV impact due to underlying curve changes
- Provide concise and crisp status updates to senior management on projects
- Review and verify the model inputs feeding the IM calculations
- Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures

**Requirements**:

- University degree or higher in Computer Science, Mathematics, Financial Engineering, Economics or related quantitative field
- 5+ years of experience working in a quantitative risk, middle office, or front office role
- Python programming, SQL, VBA experience
- Knowledge of broad range of OTC derivative, FIF, Repo and loan products, Regulatory IM, Credit Risk, VaR and XVA Models for FO/Risk valuation
- Ability to leverage strong quantitative and programming skills to build deep knowledge of the bank’s analytical libraries and infrastructure
- Experience with handling large data set with the ability to transform information into concise presentations with sound business conclusions and recommendations
- Strong analytical and problem solving skills with the ability to interpret large amounts of information and conceptualize the impact across operational processes
- Excellent communication & analytical skills

**Desired Skills**
- CFA and / or FRM is a plus
- Knowledge of the current banking regulatory environment
- 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

**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**:
H5

**Shift**:
**Hours Per Week**:
37.5

**Weekly Schedule**:
**Referral Bonus Amount**:
0



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