Associate - Quant

Bank of America

New York, NY, US
Base: $175,000.00 annualized; bonus/equity: discre...
Fully remote
Developing quantitative analytics for delta one products
Utilizing python numeric analysis software including numpy scipy pandas
Applying optimization techniques for balance sheet utilization
The role involves performing enhancement of pricing and risk models to incorporate new market or product features

Job Summary

  • The role involves performing enhancement of pricing and risk models to incorporate new market or product features.
  • Employees are eligible for an annual discretionary award based on individual performance and company success.
  • The position requires developing tools and analytics to assist with PnL explain and hedging optimization.

Matching Summary

The role involves performing enhancement of pricing and risk models to incorporate new market or product features.

Salary

Base: $175,000.00 annualized; Bonus/Equity: Discretionary incentive eligible; Benefits: Industry-leading benefits and paid time off

Skills & Requirements

Must-have

  • Developing quantitative analytics for delta one products
  • Utilizing Python numeric analysis software including numpy scipy pandas
  • Applying optimization techniques for balance sheet utilization
  • Implementing machine learning methodologies for data extraction
  • Developing workflow tools and user interfaces for trading
  • Building ETL pipelines for pre-trade analytics in swap business

Nice-to-have

  • Experience with functional programming techniques
  • Knowledge of regulatory compliance requirements like CCAR
  • Ability to work with front office technology teams
  • Strong documentation skills for model risk management

Key Requirements

  • Master's degree in Financial Engineering Economics Mathematics Finance or related field
  • 2 years of experience in quantitative analytics for delta one products
  • 2 years of experience utilizing Python numeric analysis software
  • 2 years of experience applying optimization techniques for balance sheet utilization
  • 2 years of experience using machine learning for data extraction
  • 2 years of experience developing workflow tools for trading activities
  • 2 years of experience developing ETL pipelines for swap business

Work Rights

Not specified

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