Bank of America
Sr. Quantitative Finance Manager
$203K–$324K
Chicago · Manager · Full-time · Posted Jul 20, 2026
- Experience
- 5+ years developing FO pricing models or market risk models; 5+ years of Python experience.
- Education
- Master’s degree in a quantitative field or equivalent; PhD preferred.
About the job
Leads a quantitative team and develops, validates, and oversees market risk models and analytics for risk assessment, regulatory capital, and regulatory approval.
What you'll do
- Direct staff and quantitative projects, set work priorities, and guide model development and validation.
- Develop and assess market risk models, including VaR/RNiV; conduct backtesting, benchmarking, sensitivity, and historical data analyses.
- Coordinate with risk, technology, capital, model risk, senior management, auditors, and regulators; prepare submissions and documentation.
What they ask for
- Master’s degree in a quantitative field or equivalent; PhD preferred.
- 5+ years of experience developing FO pricing models or market risk models.
- Advanced Python programming skills with 5+ years of experience.
- Solid understanding of derivatives pricing, especially IR option pricing models, and in-depth understanding of Value at Risk and statistical estimation methods.
Nice to have
- Work experience in IBOR/SOFR/ESTER/FRTB
Pay
USD $203,000.00 - $323,700.00 annualized salary (base salary)
Tools
Python, VaR, RNiV, IBOR, SOFR, ESTER, FRTB
Model-written summary · the original posting is authoritative