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!
Responsibilities
- Provide analytical support on various product strategies to ensure company goals are met.
- Coordinate the production of performance reports for Senior management.
- Review and analyze trends in current population distributions and recommends strategies.
- Participate in or develop more complex program models to extract data and use databases to provide statistical and financial modelling.
- Analyze portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria.
- Participate in the rollout of company-wide pilot programs developed as a result of programmed models.
- Design and implement analytical tools to produce key elements for discussion procurements on residential mortgage portfolio with stakeholders and Senior Manager leads.
- Participate in advanced business analytics in risk management of residential mortgage portfolio, communicating results and educating others through reports and presentations.
- Drive explanatory data analyses, generating and testing working hypotheses, preparing and analyzing historical data and identify patterns using Hadoop, Spark and Trino.
- Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience
- Master's degree or equivalent in Economics, Statistics, Business Administration, or a related field: and
- 3 years of experience in the job offered or a related Quantitative occupation.
- Must include 3 years of experience in each of the following:
- Analyzing and assessing large, complex financial dataset with programming tools including Python, SAS, SQL and R;
- Developing and analyzing statistical models including linear regression, auto regression, or logistic regression to assess model diagnostic and model performance;
- Using big data technologies of SQL to handle large volumes of data produced by complex financial forecasting models;
- Evaluating quantitative modeling and analytics projects in risk analytics and loss forecasting leveraging tools of R, Python, and C++; and,
- Generating statistical analysis to support stress testing, credit risk management, regulatory examinations.
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:
40Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$155,000.00 - $165,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.Skills Required
- Master's degree or equivalent in Economics, Statistics, Business Administration, or a related field
- Three years of experience in the job offered or a related quantitative occupation
- Three years of experience analyzing large, complex financial datasets using Python, SAS, SQL, and R
- Three years of experience developing and analyzing statistical models, including linear, autoregressive, or logistic regression
- Three years of experience using SQL and big data technologies to handle large volumes of data from complex financial forecasting models
- Three years of experience evaluating quantitative modeling and analytics projects in risk analytics and loss forecasting using R, Python, and C++
- Three years of experience generating statistical analysis for stress testing, credit risk management, and regulatory examinations
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, including medical, dental, and vision plans along with mental health resources, EAP support, and virtual care options. These offerings indicate breadth across preventive care, counseling, and convenient access channels.
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Retirement Support — Retirement benefits include up to a 5% 401(k) company match plus an additional 2% or 3% annual company contribution based on years of service. This structure signals meaningful long-term savings support beyond standard matching.
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Parental & Family Support — Family support features 26 weeks of parental leave, with 16 weeks fully paid for eligible employees, plus programs for fertility, adoption, surrogacy, childcare, and backup care. These resources emphasize support across family-building and caregiving needs.
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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