Data/Quant Analyst

at Insight Global, LLC in Chicago, Illinois, United States

Job Description

Job Description

Responsibilities:

Performing in-depth daily analysis into the banks counterparty credit risk exposures

Identifying and explaining the key drivers of exposure levels and day on day movement

Analyzing portfolios at the global and legal entity levels

Raising issues with upstream data providers where necessary, and quantifying impact

Working with the wider CCR model performance team to identify and quantify model limitations resulting from exposure analysis

Performing longer term trend analysis across our CCR portfolios to identify systemic themes

Working with the wider GRA global markets model performance team to leverage insight into significant market movements and how these are driving exposures

Assisting in the production of communication materials for senior management, governing committees and regulatory bodies.

Overview of Global Risk Analytics:

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.

Overview of the Team:

Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets. The role sits within the Prime Clearing Analytics and Data Services (PCADS) – Counterparty Credit Risk (CCR) Exposure Explains team, that is responsible for providing analysis on material changes in counterparty credit risk current and potential exposures (CE and PE) for various routines, working with Credit Risk, Sales, Audit, and Regulatory, and Reporting teams.

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com .

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Skills and Requirements

2+ years of experience working in a related field (Market Risk, Middle Office, Counterparty Credit Risk)

Broad financial product knowledge

Experience in data analysis, with excellent research and analytical skills data quality, data validation, data limitations, etc.

Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions Masters Degree in Quantitative Finance, Financial Engineering, Financial Mathematics, etc.

Quantitative Analysis experience

Experience in Front Office trade support

Strong programming skills (Python, SQL, Tableau) null

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal employment opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment without regard to race, color, ethnicity, religion,sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military oruniformed service member status, or any other status or characteristic protected by applicable laws, regulations, andordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to HR@insightglobal.com.