Risk Analytics / Quantitative Analyst
New York, New York
**Job Description:**
**Job Description:**
Risk Engine computes Risk, PL Explain, Ledges and complex scenarios for bond, credit derivatives, interest rate derivatives, Loans and mortgage derivatives. The numbers produced by this system are used by traders, risk managers and MO personnel on a daily basis. Work with traders and portfolio strategist to ensure the daily risk is delivered accurately and on time. Provide business analysis support to traders, risk managers, trading support personnel and Finance. This includes explaining and justifying Risk, P/L Explain and GL numbers. Assist business teams in system User Acceptance testing planning and execution. Team with FO Quant, Risk Quant, model validation and analytics developers to support new credit derivative products and model valuation. Ensure that the numbers produced by the RE are correct as the RE is enhanced and improved. Participate in various retirement, business enablement and regulator initiatives with business and horizontal Technology teams. Acting as primary sign-off point, coordinate deployment and go live plans with Tech & business partners
**Position Summary**
Extensive knowledge of fixed income finance and option pricing. Previous experience in producing PV and sensitivities on Excel with Quant library is a plus. 5-10 year experience in high pressure working environment within a financial institute. Ability to successfully lead and deliver complex/critical projects in challenging environments. Experience in Agile/Scrum Management and Agile Tools. Ability to multitask across several project and assignment. Experience operating in a decision-making role. Experience facing off to the business Good leadership and communication skills and collaborate effectively across diverse/global teams. Knowledge of SQL, Python is helpful.
Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.
**Required Skills**
- Project Management skills - Multitasking/organizational capabilities
- Ability to grasp and decode the existing and target state infrastructures for our programs
- Communication skills are required to manage a diverse set of business and technology partners
**Desired Skills:**
- Python
- SQL
- Fixed Income and Equities product knowledge
Responsible for providing leadership, technical direction, and oversight to a team as they deliver technology solutions. Develops solutions and processes for delivering features based on their knowledge of design/architectural patterns and Agile/DevOps practices. Ensures the systems design and requirements are aligned to achieve the desired business outcomes, and that team practices and coding/quality principles are aligned to achieve the desired technology outcomes. They have built significant experience through multiple software implementations and has developed both depth and breadth in a number of technical competencies. Designs and develops and is accountable for feature delivery. Applies enterprise standards for solution design, coding and quality. Ensures solution meets product acceptance criteria with minimal technical debt. Responsible for compliance and security items and audit support at the team level. Acts as a liaison for production activities/issues. Works with Product Owner to ensure that product backlog/requirements are healthy, with clear acceptance criteria. Guides the team on work breakdown and execution. Plays a team lead role (as an individual contributor) and mentors the team. Guides team members with skills and practices (planning & estimation, peer reviews and other engineering practices). Identifies skill and role gaps, and works with Technology Manager to address them. Works with Technology Manager in creating resource contingency plans where required. Individual contributor.
Bank of America's Global Banking and Markets Technology Organization..
+ _Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world._
+ _Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully._
+ _Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals._
+ _Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience._
+ _Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs._
+ _Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital._
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
5000
**Job Description:**
**Job Description:**
Risk Engine computes Risk, PL Explain, Ledges and complex scenarios for bond, credit derivatives, interest rate derivatives, Loans and mortgage derivatives. The numbers produced by this system are used by traders, risk managers and MO personnel on a daily basis. Work with traders and portfolio strategist to ensure the daily risk is delivered accurately and on time. Provide business analysis support to traders, risk managers, trading support personnel and Finance. This includes explaining and justifying Risk, P/L Explain and GL numbers. Assist business teams in system User Acceptance testing planning and execution. Team with FO Quant, Risk Quant, model validation and analytics developers to support new credit derivative products and model valuation. Ensure that the numbers produced by the RE are correct as the RE is enhanced and improved. Participate in various retirement, business enablement and regulator initiatives with business and horizontal Technology teams. Acting as primary sign-off point, coordinate deployment and go live plans with Tech & business partners
**Position Summary**
Extensive knowledge of fixed income finance and option pricing. Previous experience in producing PV and sensitivities on Excel with Quant library is a plus. 5-10 year experience in high pressure working environment within a financial institute. Ability to successfully lead and deliver complex/critical projects in challenging environments. Experience in Agile/Scrum Management and Agile Tools. Ability to multitask across several project and assignment. Experience operating in a decision-making role. Experience facing off to the business Good leadership and communication skills and collaborate effectively across diverse/global teams. Knowledge of SQL, Python is helpful.
Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.
**Required Skills**
- Project Management skills - Multitasking/organizational capabilities
- Ability to grasp and decode the existing and target state infrastructures for our programs
- Communication skills are required to manage a diverse set of business and technology partners
**Desired Skills:**
- Python
- SQL
- Fixed Income and Equities product knowledge
Responsible for providing leadership, technical direction, and oversight to a team as they deliver technology solutions. Develops solutions and processes for delivering features based on their knowledge of design/architectural patterns and Agile/DevOps practices. Ensures the systems design and requirements are aligned to achieve the desired business outcomes, and that team practices and coding/quality principles are aligned to achieve the desired technology outcomes. They have built significant experience through multiple software implementations and has developed both depth and breadth in a number of technical competencies. Designs and develops and is accountable for feature delivery. Applies enterprise standards for solution design, coding and quality. Ensures solution meets product acceptance criteria with minimal technical debt. Responsible for compliance and security items and audit support at the team level. Acts as a liaison for production activities/issues. Works with Product Owner to ensure that product backlog/requirements are healthy, with clear acceptance criteria. Guides the team on work breakdown and execution. Plays a team lead role (as an individual contributor) and mentors the team. Guides team members with skills and practices (planning & estimation, peer reviews and other engineering practices). Identifies skill and role gaps, and works with Technology Manager to address them. Works with Technology Manager in creating resource contingency plans where required. Individual contributor.
Bank of America's Global Banking and Markets Technology Organization..
+ _Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world._
+ _Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully._
+ _Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals._
+ _Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience._
+ _Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs._
+ _Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital._
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22086759
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Brian Sandoval
Referral Bonus:
5000
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 and affirmative action, 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.
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