Senior Quantitative Financial Analyst - Consumer Credit Risk

Bank of America - Atlanta, GA

Full-time - Mid Level

Atlanta, GA

Credit Intermediation and Related Activities

About the position

The Senior Quantitative Financial Analyst at Bank of America is responsible for conducting quantitative analytics and complex modeling projects, particularly focusing on Consumer Banking Overdraft and Mortgage products. This role involves leading the development of new models, performing market risk stress testing, and providing insights through credit loss forecasts for the bank's consumer loan portfolio. The analyst will work closely with various stakeholders to ensure effective communication of complex trends impacting loss projections and will play a critical role in the bank's financial planning and risk management activities.

Responsibilities

• Perform end-to-end market risk stress testing including scenario design, implementation, and results analysis.
• Lead planning related to setting quantitative work priorities in line with the bank's overall strategy.
• Identify continuous improvements in model development and validation tasks.
• Maintain oversight of model development and model risk management to support business requirements.
• Provide methodological, analytical, and technical guidance to influence strategic direction of projects.
• Communicate submission and validation outcomes to model stakeholders and senior management.
• Perform statistical analysis on large datasets and interpret results.

Requirements

• Master's degree in a related field or equivalent work experience.
• 8+ years of experience in model development, statistical methods, forecast methods, data analytics, or quantitative research.
• Strong written and oral communication skills, catering to both technical and executive audiences.
• Experience in Risk, Credit, Collections, or Financial Operations with a track record of generating insights.

Nice-to-haves

• Proficiency with Tableau, MS Word/Excel/PowerPoint.
• Programming skills (SQL, Python, R, LaTeX).
• Experience with CECL, DFAST, CCAR forecast methodologies.
• Consumer behavior analytics or risk modeling in a financial institution.

Benefits

• Competitive benefits to support physical, emotional, and financial well-being.
• Opportunities for learning and career growth.
• Flexible work arrangements.