Bank of America
Sr. Quantitative Finance Analyst
$125K–$210K
Jersey City +1 · Senior · Full-time · Posted Oct 23, 2026
- Location
- Jersey City
New York - Experience
- 5+ years’ experience working in quantitative modelling on behalf of a global financial institution.
- Education
- Master's degree or PhD required (preferably in Mathematics, Physics or related field).
About the job
Develops and maintains counterparty credit risk models, analytics, and supporting tools for derivative portfolios, including model testing, governance, and performance improvements.
What you'll do
- Develop, test, document, and maintain counterparty credit risk models and backtesting methods.
- Support the risk-model platform, resolve model-related system issues, and improve development infrastructure and performance tools.
- Partner with internal groups and communicate analysis to stakeholders to support model enhancements, remediation, and regulatory or internal reviews.
What they ask for
- Master's degree or PhD required, preferably in Mathematics, Physics or related field.
- 5+ years’ experience working in quantitative modelling on behalf of a global financial institution.
- Experience with mathematically sophisticated financial modelling, for pricing or counterparty risk.
- Programming skills in C++ and Python, with a solid understanding of sound software development principles.
Nice to have
- Up-to-date knowledge of industry trends and developments, commercial instinct, and understanding of sound risk management principles.
- Experience working on CVA or with IMM framework.
Pay
$125,000.00 - $210,000.00 USD annualized salary (base salary)
Tools
C++, Python
Model-written summary · the original posting is authoritative