Quantitative Finance Analyst

Job Description:

Bank of America Merrill Lynch is looking for a Quantitative Financial Analyst in its Model Risk Management team. The successful candidate will work on the validation of market risk models.

Responsibilities:

• Work closely with model developers and risk management groups
• Critically review the underlying theory, assumptions, limitations, implementation and performance of the models
• Identify and quantify associated model risk
• Perform thorough testing of models, including implementation verification, performance testing, stress testing and alternative assumptions testing
• Analyze results of ongoing monitoring of model performance
• Prepare model validation reports and other technical documents

Required Skills:

• PhD in a quantitative field such as mathematics, physics, engineering or operations research
• Very strong mathematical and modeling skills
• Knowledge of derivatives pricing theory a strong plus
• Knowledge in statistics or time series econometrics a plus
• Strong communication skills (written and verbal)

• Strong programming skills (C++ or Python a plus)
• Strong aptitude for independent critical thinking, including a healthy skepticism and intellectual curiosity
• Effective team player
• Hard working and detail oriented, “can-do” attitude

Shift:

1st shift (United States of America)

Hours Per Week:

40