Quantitative Operations Associate - Volume Forecaster

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Job Description:

Responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physics, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations Manager

Responsibilities:

Global Operations Data Management & Analytics is looking for a motivated individual with strong quantitative skills who can analyze operational activities and data to develop and maintain time-series volume forecasts for capacity planning purposes through the application of statistical models and business intelligence. In addition, the position will assist with efforts to ensure models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills. Responsibilities include:

Develop and maintain time-series models using advanced algorithm-based forecasting techniques

Assist in driving forecast consistency and innovation across the team

Routinely partner with the Front-Line Units (FLUs) to generate best in class outcomes

Conduct routine model production and performance presentations with executive leadership

Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Support ongoing model monitoring to improve forecasting performance and efficiency

Required Skills:

Master's degree in Mathematics, Statistics, Applied Economics, Advanced Analytics or other STEM field

2+ years of experience in quantitative roles supporting complex functions

Fundamental understanding and experience with linear regression, time-series, and other statistical modeling techniques, through education and/or professional experience

Proficient in MS Office, particularly Excel

Experience with SAS, Python, R, or similar statistical software

Experience with Tableau or other data visualization

Ability to work in team-oriented environment with strong aptitude for problem solving and collaboration

Strong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders

Natural curiosity and drive to answer important business questions

Desired Skills:

2+ years of experience as a professional predictive modeling analyst (forecasting, regression analysis, time-series, etc.)

Prior Bank of America/Banking industry analytics and modeling experience, specifically with developing predictive models that adhere to standards set by a risk management governing bod

Experience with Tableau or other data visualization

Data mining experience using SQL

Ability to coach others

Skills:

Analytical Thinking

Business Intelligence

Data Modeling

Data Visualization

Data and Trend Analysis

Attention to Detail

Collaboration

Data Management

Data Mining

Presentation Skills

Consulting

Problem Solving

Risk Management

Stakeholder Management

Technical Documentation

Shift:1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$81,800.00 - $126,700.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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