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Vice President; Quantitative Finance Analyst

Bank of America

Chicago, IL · HybridFull-timeSeen 5 days agoSeen in employer's feed 5 days ago

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At a glance

Compensation
No compensation found
Location
Chicago, ILHybrid
Schedule
Full-time
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Master's degree

Job overview

The Vice President Quantitative Finance Analyst conducts quantitative analytics and modeling projects for business units or risk types. The role develops models and analytical processes, supports model production, and works with Technology staff on systems for running models. It focuses on credit risk concentration, forecasting, and portfolio analysis, using financial and economic data and quantitative methods. Remote work may be permitted within a commutable distance from the worksite.

Skills & qualifications

RequiredNice to have

Skills

Credit Risk ModelingEconometric AnalysisFinancial ModelingData AnalysisPythonApache SparkHadoop/HiveSQLTableauAlteryxFinancial ForecastingTime-Series AnalysisMultivariate RegressionEconometric ModelingMachine LearningStatistical ModelingQuantitative Risk AssessmentConcentration AnalysisPortfolio ManagementCapital ManagementFinancial Data Analysis

Qualifications

Must Be 18+Master's in Finance, Statistics, Mathematics, or Related2 Years Quantitative Occupation Experience2 Years Scalable Analytical Framework Experience2 Years Financial Forecasting Model Experience2 Years Time-Series and Econometric Modeling Experience2 Years Statistical and Machine Learning Experience2 Years Financial Dataset Analysis Experience

Full job description

Vice President; Quantitative Finance Analyst

Chicago, Illinois

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

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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 conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

  • Participate in research, development, and implementation of credit risk concentration models.

  • Perform econometric analyses to support methodology development.

  • Conduct on-demand analyses of model output and changes.

  • Provide ongoing production support for models in use.

  • Develop a practical understanding of credit risk trends (e.g., financial performance of counterparties), concentrations (industry, country, and single-name).

  • Analyze macroeconomic indicators and recommend key credit portfolio decisions for senior management and Boardlevel discussions.

  • Collaborate with global teams to provide analytical support for leadership decision-making.

  • Perform data exploration analyses on large datasets and pull insights to support portfolio management decisions.

  • Perform financial modeling, analysis, and data collection, as well as interpret market and portfolio information, statistics, and pricing.

  • Analyze and evaluate large and complex economic and financial datasets using analytical tools such as Python, SQL, and R.

  • Use big data technologies like SQL to handle large volumes of data produced by complex financial forecasting models.

  • Implement advanced high-performance Python code for large-scale distributed computing environments in Apache Spark and Hadoop/HIVE to develop scalable, reusable analytical and quantitative models.

  • Utilize current modeling and data science principles, including time-series analysis and machine learning, to develop loan loss modeling frameworks.

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

Required Skills & Experience:

  • Master's degree or equivalent in Finance, Statistics, Mathematics, 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:

  • Building scalable, production-grade analytical framework using Python large-scale distributed computing environments in Apache Spark and Hadoop/HIVE, SQL, Tableau, Alteryx including development of modular, reusable model components and automation of end-to-end data processing workflow;

  • Developing and deploying financial forecasting models including implementation of monitoring routine, performance diagnostics, testing, and investigation of model outputs;

  • Performing time-series analysis, multivariate regression, and econometric modeling on large financial datasets to identify structural, cyclical, and trend-based risk dynamics;

  • Applying advanced statistical, econometric, and machine learning techniques to develop quantitative forecasting and risk measurement frameworks supporting enterprise-level portfolio and capital management processes; and,

  • Integrating and analyzing diverse financial and alternative datasets—including market activity, firm level microeconomic indicators, sector performance metrics, consumer behavior trends, and macroeconomic variables—to support advanced quantitative risk assessment and concentration analysis.

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

EMPLOYER: Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week:

40

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-Notice-Eng-Final-8.30.2024.pdf) .

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.

© 2026 Bank of America Corporation. All rights reserved.

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