Vice President; Quant Inv Analyst
Company: Disability Solutions
Location: New York
Posted on: October 10, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities, and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Responsibilities
- Define high-level investment related problem statements,
propose robust solutions, assemble and review data, and conduct
quantitative research on investment strategies, products or
solutions.
- Create, enhance, implement and maintain quantitative models for
a broad range of investment analytics including quantitative asset
allocation, portfolio construction and analytics, product modeling,
quantitative investment strategy development and
implementation.
- Provide risk and return forecasting, performance attribution
and other wealth management analytics.
- Work transparently and collegially as a team player with other
SMEs.
- Develop and maintain stakeholder relationships across the Bank
with a wide variety of partners.
- Builds econometric and quantitative investment models which
require advanced mathematical analyses and software programming
skills.
- Develop scalable and automated data engineering setup that
seeks to update market and macro data for downstream use.
- Employ portfolio optimization-driven solutions to concurrently
address manager selection and portfolio construction challenges,
crafting tailored investment portfolios that align with CIO's asset
allocation targets.
- Develop a Strategic Asset allocation model, utilizing robust
optimization to prudently diversify asset class allocations,
ensuring optimal tradeoffs between expected returns and investor
risk tolerance.
- Develop bespoke framework for tactical asset allocation,
leveraging systematic, quantitative, and process-driven
methodologies, incorporating advanced techniques such as predictive
regression, hierarchical tree-based asset allocation and
dynamically adjusting Strategic Asset Allocation based on updated
market data.
- Build quantitative model for Tax efficient portfolio transition
by applying advanced optimization techniques, and ensuring smooth
and cost effective transition process for client accounts.
- Build Capital Market assumptions model, integrating financial
theory and econometric methods, to systematically forecast asset
class performance.Required Skills & Experience
- Master's degree or equivalent in Computer Science, Mathematics,
Financial Engineering, Statistics, or related; 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:
- Developing scalable and automated data engineering set-up that
seeks to update market and macro data for downstream use;
- Employing portfolio optimization-driven solutions to
concurrently address manager selection and portfolio construction
challenges, crafting tailored investment portfolios that align with
CIO's asset allocation targets;
- Developing a Strategic Asset allocation model, utilizing robust
optimization to prudently diversify asset class allocations,
ensuring optimal tradeoffs between expected returns and investor
risk tolerance;
- Developing bespoke framework for tactical asset allocation,
leveraging systematic, quantitative, and process-driven
methodologies, incorporating advanced techniques such as predictive
regression, hierarchical tree-based asset allocation and
dynamically adjusting Strategic Asset Allocation based on updated
market data;
- Building quantitative model for Tax efficient portfolio
transition by applying advanced optimization techniques, and
ensuring smooth and cost effective transition process for client
accounts; and,
- Building Capital Market assumptions model, integrating
financial theory and econometric methods, to systematically
forecast asset class performance.If interested apply online at
www.bankofamerica.com/careers or email your resume to
bofajobs@bofa.com and reference the job title of the role and
requisition number.EMPLOYER: Merrill LynchShift:1st shift (United
States of America)Hours Per Week: 40Pay Transparency detailsUS - NY
- New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay
and benefits informationPay range$165,500.00 - $185,000.00
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.
Keywords: Disability Solutions, Bristol , Vice President; Quant Inv Analyst, Professions , New York, Connecticut
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