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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
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 quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.
Responsibilities:
- Research and apply quantitative techniques in finance, applied mathematics, and computer science to solve market-driven pricing and risk management problems.
- Refine and extend the Quantitative Finance (“QF”) C++ and Python pricing libraries to ensure accuracy, efficiency, and robustness.
- Troubleshoot issues that arise in the overnight process for valuing the MSR Asset and Hedge Asset portfolios.
- Participate in code reviews to ensure high-quality coding standards are maintained in our pricing libraries.
- Collaborate with Model Risk Management operations to test model implementations and to document model details per Bank standards.
- Research methods of extending the QF group of models to refine and improving ability to serve the overall Treasury group.
- Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience:
- Master's degree or equivalent in Quantitative & Computational Finance, Applied mathematics, Statistics, Finance, or related: and
- 2 years of experience in the job offered or a related Quantitative occupation.
- Must include 2 years of experience in each of the following:
- Developing and utilizing financial models and their extensions, including stochastic and statistical modeling theory;
- Designing and implementing object-oriented programming techniques in the construction of analytics libraries;
- Conducting model calibration with respect to optimization theory;
- Using backward pricing for financial products and derivatives, such as fixed income and mortgage products; and,
- Performing risk analysis and attributing for modeling results.
If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number.
EMPLOYER: Bank of America N.A.
Shift:
1st shift (United States of America)Hours Per Week:
40Skills Required
- Master's degree or equivalent in Quantitative and Computational Finance, Applied Mathematics, Statistics, Finance, or a related field
- Two years of experience in the offered job or a related quantitative occupation
- Two years of experience developing and utilizing financial models and extensions, including stochastic and statistical modeling theory
- Two years of experience designing and implementing object-oriented programming techniques for analytics libraries
- Two years of experience conducting model calibration using optimization theory
- Two years of experience using backward pricing for fixed-income, mortgage, and derivative products
- Two years of experience performing risk analysis and attributing modeling results
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
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Healthcare Strength — Health coverage is described as comprehensive, with medical, dental, vision, virtual care via Teladoc, wellness programs, and specialized support for cancer and menopause. Wellness credits and an always‑on EAP with in‑person sessions add to the depth of care.
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Parental & Family Support — New parents can access up to 26 weeks of leave, including 16 weeks fully paid for eligible teammates, alongside back‑up child and adult care. Family‑building resources and reimbursements (e.g., fertility, adoption, surrogacy) and a dedicated Life Event Services team extend support across life stages.
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Equity Value & Accessibility — Broad‑based equity through the Sharing Success program, including $1B in stock to nearly all non‑executive employees in January 2026, is intended to foster an ownership mindset. Stock awards (including RSUs) are a recurring component that aligns employees’ interests with shareholders.
Bank of America Insights
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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