Urgent! Quantitative Engineer Analyst - Market Behavior Analytics Group Job Opening In Chicago – Now Hiring Bank of America
Description
:Quantitative Engineer Analyst is the entry level role to becoming a Quantitative Engineer.
Quantitative engineers in Global Risk are responsible for designing and implementing common, reusable, and scalable software components.
These components enable GRM’s data and analytical capabilities.
These components can be domain independent (e.g., generic data quality tools over trillions of rows of data) or domain specific (e.g., classification models for surveillance or testing framework for Global Markets processes).
Quantitative engineers work with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics.
Quantitative engineers have a combination of software engineering, big data, and modeling skills and the ability to work across the entire spectrum of a big data stack – from data to logic to model to UI to UX.
Responsibilities:
Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements
Understanding financial data: schemas, flow, size, data issues, data controls, etc.
Building performant big data pipelines
Use programming skills and knowledge of software development lifecycle principles todeliver high quality code for model and testing processes
Collaborate with key stakeholders across the Bank to understand modeling and testing business processes and requirements
Think outside the box of current industry standards to develop innovative approaches
Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks
Source and evaluate data required for modeling and testing
Design and develop and implement models and tests
Produceclear, concise and repeatable technical documentation on models and tests for internal and regulatory purposes
Team Overview:
Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM).
Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America.
GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks.
In executing its activities, GRA and EIT drive innovation, process improvement and automation.
The Market Behavior Analytics group within Global Risk Analytics is responsible for developing surveillances and other sophisticated controls over activities in our Global Markets business.
These controls detect potentially suspicious activities and patterns of behavior.
Building these controls requires knowledge of big data techniques, ability to architect systems that can efficiently scale to hundreds of billions of data points per day, machine learning over unstructured and structured data, graph analytics, and experience with building UI for data rich applications.
Skills:
High level of intellectual curiosity
Feel ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and meet strict deadlines
Strong written, verbal, presentation creation and delivery skills
Well organized, and has attention to detail
Ability to adjust to new conditions and changes effectively
Capacity to notice and consider all aspects or a task or project
Work effectively with others toward a common goal
Minimum Education Requirements:
Bachelor’s degree in Computer Science, a closely related field, or a degree from a program where software engineering was a key focus
Qualifications:
Strong Programming skills (e.g., Python)
Strong analytical and problem-solving skills
Digital fluency
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$65,000.00 - $76,400.00 annualized salary, offers to be determined based on experience, education and skill set.Predictable payThis role is compensated with a base salary and is not incentive eligible.BenefitsThis role is currently benefits eligible.✨ Smart • Intelligent • Private • Secure
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Unlock Your Quantitative Engineer Potential: Insight & Career Growth Guide
Real-time Quantitative Engineer Jobs Trends in Chicago, United States (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Quantitative Engineer in Chicago, United States using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 171990 jobs in United States and 1828 jobs in Chicago. This comprehensive analysis highlights market share and opportunities for professionals in Quantitative Engineer roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! Bank of America is currently hiring and seeking a Quantitative Engineer Analyst Market Behavior Analytics Group to join their team. Feel free to download the job details.
Wait no longer! Are you also interested in exploring similar jobs? Search now: Quantitative Engineer Analyst Market Behavior Analytics Group Jobs Chicago.
An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Bank of America adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Quantitative Engineer Analyst Market Behavior Analytics Group Jobs United States varies, but the pay scale is rated "Standard" in Chicago. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Quantitative Engineer Analyst Market Behavior Analytics Group typically include Business Operations Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Before the Interview:To prepare for your Quantitative Engineer Analyst Market Behavior Analytics Group interview at Bank of America, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Bank of America's products or services and be prepared to discuss how you can contribute to their success.
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