Quantitative Engineer

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 designing, developing, testing and implementing common, reusable, and scalable software components which are either domain independent (generic data quality tools over billions of rows of data) or domain specific (classification models for surveillance or testing framework for Global Markets processes). Key responsibilities include enabling Global Risk Management's data and analytical capabilities. Job expectations include working with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics. Responsibilities: Applies quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements Understands financial data: schemas, flow, size, data issues, data controls, etc. Builds performant big data pipelines Uses programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes Collaborates with key stakeholders across the Bank to understand modeling and testing business processes and requirements Thinks outside the box of current industry standards to develop innovative approaches Maintains and continuously enhances capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation. Job Description: Quantitative engineers in Global Risk are responsible for designing and implementing common, reusable, and scalable software components. These components enable GRM’s data and analytical capabilities. These components can be domain independent (e.g., generic data quality tools over trillions of rows of data) or domain specific (e.g., classification models for surveillance or testing framework for Global Markets processes). Quantitative engineers work with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics. Quantitative engineers have a combination of software engineering, big data, and modeling skills and the ability to work across the entire spectrum of a big data stack – from data to logic to model to UI to UX. Job Responsiblities: Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements Understanding financial data: schemas, flow, size, data issues, data controls, etc. Building performant big data pipelines Use programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes Collaborate with key stakeholders across the Bank to understand modeling and testing business processes and requirements Think outside the box of current industry standards to develop innovative approaches Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks Source and evaluate data required for modeling and testing Design and develop and implement models and tests Produce clear, concise and repeatable technical documentation models and tests for internal and regulatory purposes Required Qualifications: Candidates should meet all or a subset of the following technical skills: Software engineering: modular code, software lifecycle processes, unit testing, regression testing Big data: distributed computing paradigms (e.g., mapreduce, dataframes, etc), optimizing distributed software Modeling / quantitative: basic modeling techniques (regression, classification, clustering, etc) Bachelor’s degree in Computer Science, a closely related field, or a degree from a program where software engineering was a key focus or equivalent work experience A minimum of 1-2 years relevant professional experience or evidence of pers