Associate - Quant

New York, New York

**To proceed with your application, you must be at least 18 years of age.**

Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Associate---Quant\_26020172)

**Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.**

Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Associate---Quant\_26020172)

Refer a friend

**To proceed with your application, you must be at least 18 years of age.**

Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Associate---Quant\_26020172)

**Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.**

Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Associate---Quant\_26020172)

**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!

**Responsibilities**

+ Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.

+ Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.

+ Partner with the business, control functions, quants and technology teams on process automation and enhancement initiatives.

+ Adopt modern analytics and technologies and leverage models and data to develop and deliver impactful solutions to Global Markets.

+ Integrate data-driven insights, as well as Generative AI, 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.

+ Generate required documentation and testing to support model risk management ongoing model review and validation.

+ Perform numerical analysis of existing models and implement and test performance enhancements.

+ Conduct quantitative analysis of the current markets, industry trends and trading strategies.

+ Remote work may be permitted within a commutable distance from the worksite.

**Required Skills & Experience**

+ Bachelor's degree or equivalent in Financial Engineering, Mathematics, Statistics, Finance, or related: and

+ 2 years of experience in the job offered or a related Quantitative occupation.

+ Must include 2 years of experience in each of the following:

+ Collaborating across global markets and stakeholder groups, integrating inputs from risk, control, quantitative, and technology teams to deliver enterprise-scale modelling solutions influencing risk-weighted assets and supporting regulatory and strategic decision-making;

+ Combining data engineering expertise in modern data architecture and leveraging emerging technologies including Large Language Models and Robotic Process Automation, to shape analytics delivery;

+ Adhering to model development standards and best practices from conceptual design rooted in sound statistical methodologies, robust code implementation to deployment through optimized GPU usage to ensure stability and scalability; and,

+ Staying ahead of current industry trends including Generative AI and Cloud Computing, how such trends impact the businesses being supported and how they fit into broader strategy.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

Bank of America N.A.

**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.