Quantitative Engineer

Charlotte, North Carolina;Jersey City, New Jersey; Atlanta, Georgia

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**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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At 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 designing, developing, testing and implementing common, reusable, and scalable software components which are either domain independent (generic data quality tools over billions of rows of data) or domain specific (classification models for surveillance or testing framework for Global Markets processes). Key responsibilities include enabling Global Risk Management's data and analytical capabilities. Job expectations include working with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics.

**Responsibilities:**

+ Applies quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements

+ Understands financial data: schemas, flow, size, data issues, data controls, etc.

+ Builds performant big data pipelines

+ Uses programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes

+ Collaborates with key stakeholders across the Bank to understand modeling and testing business processes and requirements

+ Thinks outside the box of current industry standards to develop innovative approaches

+ Maintains and continuously enhances capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models, analytical tools, and tests 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 the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation.

**Job Profile Summary:**

This job is responsible for building subject matter expertise in bank processes - including underlying data, flows, and controls - and driving the technology evolution in those processes including designing and implementing technical solutions leveraging modular, reusable software components to enhance Global Risk Management’s (GRM) data, testing, and analytical capabilities.

Key responsibilities include collaborating with process owners, risk managers, and technologists to assess current state processes, underlying data, process flows and risks, and to design the future state technology solutions leveraging both traditional and AI based solutions. Job expectations include becoming domain-specific subject matter expert in bank processes and data, and applying a combination of software engineering, big data, data science and risk management skills to drive technical solution implementation and automate processes.

**Responsibilities:**

+ Analytical Thinking & Risk Management: Apply critical thinking, sound judgment, risk management principles to understand business processes, controls, and risks to determine appropriate designs for technical solutions to business problems.

+ Stakeholder Engagement & Communication: Partner with process owners, data owners, Front Line Units, Technology teams, and other stakeholders to understand business requirements, influence outcomes, communicate technical designs, and impact of solutions to audiences ranging from practitioners to senior executives.

+ Solution Development & Engineering: Leverage programming expertise, software development lifecycle (SDLC) principles, and AI development patterns to design, build, document, and deploy scalable analytical solutions that support business objectives, regulatory requirements, and operational efficiency.

+ Data Engineering & Analytics: Source, validate, and analyze data while designing scalable data pipelines and analytical solutions across large and complex datasets. Apply quantitative and analytical techniques to identify trends, assess risk, and enhance the firm’s data architecture.

+ AI Governance & Operational Excellence: Implement governance, security, observability, and auditability controls for AI-enabled solutions while continuously monitoring performance, driving process optimization, and enhancing solution effectiveness through testing, feedback loops, automation, and responsible AI adoption.

**Minimum Education Requirements:**

+ Bachelor’s degrees or above in fields including but not limited to: Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science (or equivalent work experience)

+ At least 2 years of relevant experience in software engineering in Quantitative Finance or other industries

+ Required Skills

+ Analytical Thinking & Problem Solving: Applies structured thinking, quantitative analysis, and sound judgment to solve complex business, risk, data, and technology challenges while driving continuous improvement and innovation.

+ Communication & Stakeholder Management: Effectively communicates complex technical concepts to different audiences and able to build strong partnerships across stakeholders.

+ Software Engineering & AI Development: Demonstrates proficiency in Python and software development best practices, including SDLC, testing frameworks, design patterns, performance optimization, and the development of AI-enabled solutions using modern LLM platforms, agent frameworks, RAG, and MCP patterns.

+ Data Engineering & Analytics: Strong experience working with structured and unstructured data, SQL, APIs, and databases to source, analyze, and integrate data while solving complex analytical problems at scale.

+ AI Governance & Performance Monitoring: Applies responsible AI practices and evaluates AI solution performance through monitoring, testing, reliability measurement, scalability assessments, and continuous optimization of cost, quality, and user outcomes.

+ Business & Regulatory Knowledge: Demonstrates knowledge of banking processes, risk management principles, and regulatory requirements, applying business context to deliver effective and compliant solutions.

**Skills:**

+ Critical Thinking

+ Data Modeling

+ Process Effectiveness

+ Risk Modeling

+ Test Engineering

+ Influence

+ Oral Communications

+ Prioritization

+ Relationship Building

+ Written Communications

+ Attention to Detail

+ Change Management

**Minimum Education Requirement:** Bachelor’s degree in related field or equivalent work experience

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

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, 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.

View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) " poster.

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...) .

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.

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 considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:

**Are Not FDIC Insured** **Are Not Bank Guaranteed** **May Lose Value**

**Are Not Deposits** **Are Not Insured by Any Federal Government Agency** **Are not a condition to Any Banking Service or Activity**

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, **Member SIPC** and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

Bank of America Private Bank is a division of Bank of America, N.A.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.