Quant jobs / Bank of America

Quantitative Finance Analyst – Risk Modelling

A modelling role in Bank of America's Global Risk Analytics group, supporting loss forecasting models for wholesale and consumer portfolios. It also covers market risk stress testing.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Improve existing loss forecasting models and build new ones
Implement models in governed Python code
Write technical documentation for internal and regulatory use
Run parts of the market risk stress testing process
Gather requirements from business stakeholders

What they ask for

Required

Master's in a numerical field (PhD desirable)
Statistics, probability, econometrics and financial mathematics
Python, SQL and VBA
LaTeX and technical writing
Some experience developing or maintaining risk or capital models
Working to tight deadlines

Preferred

Financial risk and loss forecasting experience
CCAR, DFAST, CECL and ICAAP knowledge
Stakeholder engagement skills

Education: Master's in statistics, financial mathematics, applied mathematics, economics, physics or engineering; PhD desirable
Experience: Some experience developing, documenting and maintaining risk or capital models
Languages and tools: Python
SQL
VBA
LaTeX
Markets: credit

How to prepare

Build a simple loss forecasting or probability-of-default model and document it properly
Learn the basics of stress testing frameworks such as CCAR and CECL
Revise regression, time series and model diagnostics
Practise writing a LaTeX model document

What to study

The Risk Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Bank of America’s site before applying: requirements, location and pay can change after we check them.

View the posting on Bank of America’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Bank of America and doesn’t handle applications.