skip to main content

Important Notice

It appears you are using an older version of your browser. While some functions will be available, IllinoisJobLink.com works best with a modern browser such as the ones provided by:

Please download and install the latest version of the browser of your choice. We apologize for any inconvenience.



Quantitative Finance Analyst

Click the Facebook, Google+ or LinkedIn icons to share this job with your friends or contacts. Click the Twitter icon to tweet this job to your followers. Click the link button to view the URL of the job, which then can be copied and pasted into an e-mail or other document.

Job Details
Job Order Number
JC213843004
Company Name
Bank of America
Physical Address

Chicago, IL 60684
Job Description

Quantitative Finance Analyst

New York, New York;Jersey City, New Jersey; Chicago, Illinois

Job Description:

The CCRPM team is responsible for managing counterparty concentration, performing counterparty portfolio analysis, and delivering the BAU counterparty stress testing.

The Risk Analyst is responsible for measuring counterparty credit risk (CCR) for all lines of businesses in the Markets division covering all traded products (fixed income, currency, commodities, equities).

The risk analyst will participate in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties. The analyst will present their analysis to senior management, including Market Risk, Wholesale Credit, and Enterprise Credit, as well as Front Office Trading and Sales team. In this capacity, the analyst will need to leverage their expertise in counterparty credit risk management and traded products to highlight areas that warrant additional investigation, monitoring and discussion. The analysis will encompass a range of counterparty exposure management techniques such as potential future exposure, stress testing, sensitivity analysis, wrong way risk, and CVA.

Additionally, the analyst will assist in the managing of counterparty concentration limits at the counterparty level across asset classes. The analyst will be responsible for maintaining strong risk discipline and demonstrated ability to working across a variety of functions including trading, sales and credit risk.

The successful candidate will need to have a mix of technical skills and the ability to communicate with a wide audience both written and orally.

Required Skills:

+ Solid understanding of derivative products with 1+ years of experience with broad knowledge across asset classes (FX, rates, equity, and credit)

+ Knowledge about counterparty risk measurement techniques on derivatives and financing transactions preferred

+ Strong computer skills (Office, VBA, Python, Bloomberg, SQL)

+ Excellent communication skills both written and verbal

+ Self-starter who excels in a fast paced environment

Desired Skills:

+ Master’s Degree in a quantitative discipline or finance/economics preferred

+ Prior experience in a risk analyst role covering Global Markets products is a plus

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The CCRPM team is responsible for managing counterparty concentration, performing counterparty portfolio analysis, and delivering the BAU counterparty stress testing.

The Risk Analyst is responsible for measuring counterparty credit risk (CCR) for all lines of businesses in the Markets division covering all traded products (fixed income, currency, commodities, equities).

The risk analyst will participate in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties. The analyst will present their analysis to senior management, including Market Risk, Wholesale Credit, and Enterprise Credit, as well as Front Office Trading and Sales team. In this capacity, the analyst will need to leverage their expertise in counterparty credit risk management and traded products to highlight areas that warrant additional investigation, monitoring and discussion. The analysis will encompass a range of counterparty exposure management techniques such as potential future exposure, stress testing, sensitivity analysis, wrong way risk, and CVA.

Additionally, the analyst will assist in the managing of counterparty concentration limits at the counterparty level across asset classes. The analyst will be responsible for maintaining strong risk discipline and demonstrated ability to working across a variety of functions including trading, sales and credit risk.

The successful candidate will need to have a mix of technical skills and the ability to communicate with a wide audience both written and orally.

Required Skills:

+ Solid understanding of derivative products with 1+ years of experience with broad knowledge across asset classes (FX, rates, equity, and credit)

+ Knowledge about counterparty risk measurement techniques on derivatives and financing transactions preferred

+ Strong computer skills (Office, VBA, Python, Bloomberg, SQL)

+ Excellent communication skills both written and verbal

+ Self-starter who excels in a fast paced environment

Desired Skills:

+ Master’s Degree in a quantitative discipline or finance/economics preferred

+ Prior experience in a risk analyst role covering Global Markets products is a plus

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21024873

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Maida Salihovic

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the “EEO is the Law” poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the “EEO is the Law” Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\EEO\Supplement\Final\JRF\QA\508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .


To view full details and how to apply, please login or create a Job Seeker account.