Senior Quantitative Finance Manager – Market Risk
A managerial modelling role in Bank of America's market risk quant team, developing VaR and related models for regulatory capital. You lead the work through submissions to regulators and internal model risk review.
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.
- Develop and enhance VaR and related market risk models
- Prepare documentation and responses for regulators, audit and model risk
- Backtest and benchmark models and explain any exceptions
- Lead team priorities and coordinate with capital, risk and technology
- Analyse market data and P&L time series for model checks
What they ask for
Required
- PhD preferred or Master's in a quantitative field
- 5+ years developing front-office pricing or market risk models
- 5+ years of Python
- Derivatives pricing understanding
- Statistical analysis of historical market data
- Backtesting and benchmarking
- Regulatory communication
- Education
- PhD preferred or Master's in a quantitative field such as financial engineering, mathematics, statistics, physics or computer science
- Experience
- 5+ years developing front-office pricing or market risk models
- Languages and tools
- Markets
- multi-asset
How to prepare
- Build and backtest a historical or Monte Carlo VaR model and analyse exceptions
- Study Basel market risk rules including FRTB at a high level
- Revise derivatives pricing and sensitivity-based risk
- Practise writing model development documentation
What to study
- Quantitative Risk Management
- Derivatives Pricing and Computational Finance
- Probability, Statistics and Financial Data
- Professional Quant Practice
The Risk Quant roadmap sets out the stages for this kind of role, with free resources for each.
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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.