Quantitative Operations Associate - Capacity Modeler

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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:

The Global Operations Data Management and Analytics team is looking for a motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and/or analytics. This individual will be responsible for developing and maintaining advanced strategic capacity models that predict operational resource demand and providing recommendations to key stakeholders.

In addition, the position will assist with efforts to ensure the capacity 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.

Additional responsibilities include:

Responsible for developing and maintaining capacity and resource optimization models

Help modernize existing capacity models using advanced simulation and optimization techniques

Evaluate new opportunities and implement changes for current capacity model inputs, processes, and outputs

Assist in driving capacity modeling consistency and innovation across team

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

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

Required Skills:

2+ years of experience in quantitative roles modeling complex systems

Experience with Arena or similar discrete event simulation software

Experience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software

Proficient in MS Office

Ability to work in a 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

High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment

Desired Skills:

Bachelor’s degree in Industrial Engineering, Mathematics, Statistics, Applied Economics, Operations Research, Advanced Analytics, or other STEM field

Prior capacity or financial planning/modeling experience

Proficient in Arena or similar discrete event simulation software

Proficient in SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software

Experience with SAS, Python, R, or similar

Tableau or other data visualization software experience

Data mining experience using SQL/SAS querying

Prior Banking industry analytics and modeling experience, specifically with developing capacity or resource optimization models that adhere to standards set by a risk management governing body

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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