Bank of America
Sr. Quantitative Finance Analyst
$125K–$210K
Chicago · Senior · Full-time · Posted Jul 8, 2026
- Experience
- 5+ years developing front-office pricing models or market risk models; 5+ years of Python experience.
- Education
- Master’s degree in a related or quantitative field or equivalent work experience; PhD preferred.
About the job
Develops and enhances quantitative market risk models, analytics, and applications for risk assessment, regulatory capital calculations, and stress testing, including model monitoring and implementation.
What you'll do
- Develop and enhance market risk and stress-testing models, analytics, and applications.
- Monitor model performance through benchmarking and back-testing; identify and address potential weaknesses.
- Collaborate with trading desks, risk teams, technology partners, and regulators on model implementation, oversight, and regulatory work.
What they ask for
- Master’s degree in a quantitative field or equivalent; the posting also lists a PhD as preferred.
- 5+ years of experience developing front-office pricing models or market risk models.
- Advanced Python programming skills with 5+ years of experience.
- Solid understanding of derivatives pricing and in-depth understanding of Value at Risk and statistical estimation methods.
Nice to have
- Work experience in FRTB.
- Experience in large-scale model platform implementation in collaboration with other teams.
Pay
USD $125,000.00 - $210,000.00 annualized salary (base salary)
Tools
Python, VaR, Stressed VaR, Expected Shortfall, CCAR, FRTB, Basel 2.5
Model-written summary · the original posting is authoritative