Associate/VP - Quant Strategist, Global Sustainable Finance

The Associate/VP - Quant Strategist position at Bank of America in Jersey City, NJ involves conducting quantitative analytics and modeling for the Global Sustainable Finance Group. Responsibilities include developing models, performing market risk stress testing, and collaborating with various teams to enhance processes using analytics and technology. The role emphasizes in-office attendance as part of the company's commitment to an in-office culture.
Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific
Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.The role is in the Quantitative Strategies and Data Group ("QSDG"), which leverages models, data, and analytics to develop and deliver impactful solutions to Global Markets.This particular position is aligned with the Global Sustainable Finance Group ("GSFG") within Global Markets, located in Midtown NYC.The primary goal of this role is to improve the efficiency of the banker' workflow by leveraging analytics, automation and modern technologies including Generative AI. Responsibilities:Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key driversSupports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritizationIdentifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validationSupports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteSupports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesKey Responsibilities:Partner with GSFG business, control functions, quants and technology teams on process automation and enhancement initiatives, adoption of modern analytics and technologies.Integration of data-driven insights to help identify business opportunities, enhance client dialogue and support deal execution.Identify workflow and process optimization opportunities, onboard / build tools for efficiency improvements, and enhance reporting frameworks.Lead multiple projects with precision, ensuring timely execution and effective communication with stakeholders.Skills:Master's degree or higher in a quantitative field, a financial engineering or expertise in handling large data sets are preferable.Prior experience working in front office is preferable.Excellent communication skills with the ability to explain complex issues in an intuitive way.Ability to navigate shifting priorities and business needs, manage competing deadlines, and thrive in a high-performance environment.Minimum Education Requirement: Master's degree in related field or equivalent work experienceShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$110,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.