Quantitative Financial Analyst
Company: Bank of America
Location: Newark
Posted on: April 1, 2026
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Job Description:
Job Description: 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! Job Description: This job is responsible for conducting
auditing activities of model risk management across the company and
for specific business units or control functions. Key
responsibilities include leading the audit assessment of
effectiveness of controls supporting the model life cycle including
model governance, development, validation, on-going monitoring, and
model change management. Job expectations may include the ability
to influence management’s strategic direction and actions to
strengthen the model risk control environment. Responsibilities:
Conducts audit assessment of effectiveness of controls supporting
the model life cycle including model governance, development,
validation, on-going monitoring, and model change management.
Performs review of model development analysis and on-going model
performance testing to assess the conceptual soundness of the model
methodology, reasonableness of the model assumptions and the
completeness and accuracy of the model testing. Conducts review the
model validation analysis to assess the effectiveness of the model
validation process. Assesses the completeness and reasonableness of
the model assumptions, limitations and independent model testing.
Provides insightful challenges to management, identifies control
deficiencies or enhancement opportunities, conducts root cause
investigation, documents and reports audit findings. Works closely
with teammates from multiple internal audit teams to ensure a
comprehensive coverage of model uses across the various lines of
business of control functions. Works closely with model
stakeholders and senior management with regard to communication of
audit assessment outcomes. Required Qualifications: Bachelor's
Degree or above in a quantitative discipline such as Mathematics,
Statistics, Finance, Economics, Engineering, or Science 5 years of
industry experience relating to financial modelling and model uses,
particularly in trading models, market risk models and Counterparty
Credit Risk models Familiar with regulations and regulatory
guidance on model risk management Desired Qualifications: Master's
degree or above Prior auditing background preferred Skills:
Critical Thinking Quantitative Development/Validation Risk
Analytics Risk Modeling Technical Documentation Collaboration
Problem Solving Risk Management Data Modeling and Trend Analysis
Written Communications Shift: 1st shift (United States of America)
Hours Per Week: 40 Pay Transparency details US - NJ - Pennington -
1500 American Blvd - Hopewell Bldg 5 (NJ2150), US - NY - New York -
114 W 47th St - 114 W 47th St - Ust (NY8114) Pay and benefits
information Pay range $85,000.00 - $130,000.00 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.
Keywords: Bank of America, West Seneca , Quantitative Financial Analyst, Accounting, Auditing , Newark, New York
