Vice President; Corp Inv Portfolio Analyst
About the position
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Responsibilities
• Assist with risk management and trading activities for the Corporate Investments Group portfolio.
• Optimize portfolios to meet risk appetite, management objectives, regulatory constraints, balance sheet, and earnings goals.
• Interact with market participants through trade execution and meetings with external strategists and traders.
• Estimate risk premia and return distributions; conduct scenario analysis of portfolios and prospective investments.
• Generate proposals for portfolio rebalancing.
• Understand the impact of various investment strategies on Global Risk Management measures and limits.
• Partner with Quantitative Finance (QF) and Balance Sheet Management and Treasury Finance (BSMTM) to apply best practices in interest rate, NII, and OCI modeling techniques.
• Maintain relationships with internal business partners such as Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Strategic Asset Liability Management (SALM), and Compliance.
• Recognize the impact of different products on hedge accounting strategies.
• Comply with enterprise, Treasury, and regulatory oversight routines.
• Remote work may be permitted within a commutable distance from the worksite.
Requirements
• Master's degree or equivalent in Finance, Economics, Mathematics, Mathematics of Finance, or related: and 3 years of experience in the job offered or a related Quantitative occupation.
• Must include 3 years of experience in each of the following:
• Performing quantitative modeling by utilizing advanced quantitative techniques and tools of statistical analysis, predictive modeling, linear regressions, and Machine Learning;
• Utilizing Python and SQL to conduct data analysis, estimate model coefficients, and aggregate the model results to generate comprehensive model outputs;
• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL, and R;
• Leveraging data analytics and visualization tools with Jupyter Notebook to build easy access analytical capabilities and insightful reporting for the management;
• Using portfolio construction and risk analysis consistent with modern asset pricing theory to optimize portfolios under multiple constraints; and,
• Designing and maintaining quantitative models by synthesizing and implementing ideas from scholarly articles in quantitative fields, communicating complex mathematical concepts and providing improvements to accommodate changing business needs.
Apply tot his job
Apply To this Job
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Responsibilities
• Assist with risk management and trading activities for the Corporate Investments Group portfolio.
• Optimize portfolios to meet risk appetite, management objectives, regulatory constraints, balance sheet, and earnings goals.
• Interact with market participants through trade execution and meetings with external strategists and traders.
• Estimate risk premia and return distributions; conduct scenario analysis of portfolios and prospective investments.
• Generate proposals for portfolio rebalancing.
• Understand the impact of various investment strategies on Global Risk Management measures and limits.
• Partner with Quantitative Finance (QF) and Balance Sheet Management and Treasury Finance (BSMTM) to apply best practices in interest rate, NII, and OCI modeling techniques.
• Maintain relationships with internal business partners such as Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Strategic Asset Liability Management (SALM), and Compliance.
• Recognize the impact of different products on hedge accounting strategies.
• Comply with enterprise, Treasury, and regulatory oversight routines.
• Remote work may be permitted within a commutable distance from the worksite.
Requirements
• Master's degree or equivalent in Finance, Economics, Mathematics, Mathematics of Finance, or related: and 3 years of experience in the job offered or a related Quantitative occupation.
• Must include 3 years of experience in each of the following:
• Performing quantitative modeling by utilizing advanced quantitative techniques and tools of statistical analysis, predictive modeling, linear regressions, and Machine Learning;
• Utilizing Python and SQL to conduct data analysis, estimate model coefficients, and aggregate the model results to generate comprehensive model outputs;
• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL, and R;
• Leveraging data analytics and visualization tools with Jupyter Notebook to build easy access analytical capabilities and insightful reporting for the management;
• Using portfolio construction and risk analysis consistent with modern asset pricing theory to optimize portfolios under multiple constraints; and,
• Designing and maintaining quantitative models by synthesizing and implementing ideas from scholarly articles in quantitative fields, communicating complex mathematical concepts and providing improvements to accommodate changing business needs.
Apply tot his job
Apply To this Job