Bank of America Corporation
The Senior Quantitative Financial Analyst will assist in the validation of models used within the algorithmic trading businesses for all asset classes. The job responsibilities include performing the validation of these model by assessing the criticality of the model use, their documentation including conceptual soundness, data integrity and testing. The role also requires someone who can effectively present work through formal model validation reports and who can communicate findings to model owners, developers and senior management.
Advanced degree (Masters or Ph.D.) in a quantitative area such as Statistics, Mathematics, Econometrics, Computer Science, Physics, etc. As well as, 6 years of working experience in the field
Working knowledge of high level programming languages such as Java, C , Python, R, etc.
Working knowledge of array processing languages for high frequency data such as Q and knowledge of Kdb databases.
Some experience with Capital markets and trading is a plus.
Ability to identify the critical modeling components used in Algorithmic trading and validate them according to guidelines such as SR 11-7.
Ability to assess tests results and independently replicate them to assess model design and quality.
Ability to evaluate models performance through regular ongoing monitoring performance and assess continuous satisfactory performance of the models used in Algorithmic trading through different market cycles
Very good written and verbal communication skills to present work through formal model validation reports and through presentations to model stakeholders and senior management.
High level knowledge of the most common type of models used within the electronic trading business including trading cost models, order imbalance models, risk models, optimization models, etc
Knowledge of machine learning models and predictive analytics
Working experience in the financial industry preferably on the capital markets side.
Working experience implementing production level software with high level coding language
Some knowledge of very large databases, how to manage them and analyze them.
New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK,
- United States
: Yes, 5% of the time
Full / Part-time
: Full time
Hours Per Week
: 1st shift
Bank of America Corporation
Website : http://www.bankofamerica.com
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The companys Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The companys Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The companys Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.