Quantitative Investment Analyst Job at Bank of America, New York, NY

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  • Bank of America
  • New York, NY

Job Description

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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!

: Assists more senior analysts in assembling and reviewing data, conducting statistical analyses, and building and refining econometric and quantitative models often utilizing advanced math. Developing the knowledge and skills necessary for investment analysis and research. Works under the direct supervision of management. Up to 2 yrs of research experience. Typically entry level research position for BAs or MBAs without relevant work experience. Differs from fixed income assistant because incumbent is on a research analyst career path.

As part of the Chief Investment Office (CIO) Portfolio Management team, the Quantitative Analyst is responsible for automating and enhancing processes via programming and analytical tools. Working with the team, the Quantitative Analyst will support production of performance and trade analysis, commentary collateral for the CIO's centrally-managed portfolios, and other ad hoc projects.

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  • Create and enhance automated processes by using programming languages and analytical tools, such as enhancement of existing trade process management and trading platforms using Excel VBA
  • Create efficient automation processes that can be managed by others in the team. Properly document code, provide instructions, and train other associates to take over once the project once completed
  • Extract large data sets from a variety of data sources including SQL database, FactSet, Morningstar, or Bloomberg to then process and manipulate for further analysis while assuring data quality
  • Leverage strong coding skills (e.g. Python/R) for investment analysis, data visualization, modeling, and creating user friendly tools and dashboards
  • Gather data and perform analytics as needed (investment analysis, portfolio analysis, ad hoc requests)
  • Manage discrete components of collateral activities
  • Knowledge of relevant quantitative methods, performance attribution, and portfolio construction
  • Knowledge of markets and CIO views and portfolio implications
  • Expand knowledge of quantitative analysis, portfolio construction and markets
  • Conduct/participate in meetings with internal Compliance and Marketing partners
  • Provide effective project management and leadership for all collateral production (ad hoc, monthly, quarterly frequencies)

Qualifications:

  • 2-5 years of applicable working experience and a Bachelor's degree preferably in technical degrees, such as Computer Science, Engineering, Statistics, or Math
  • Proficient in Excel VBA, working knowledge of Python/R/SQL
  • Strong knowledge and coding experience in Excel VBA, Python, and/or MATLAB preferred
  • Experience in manipulating large data sets, data analysis, implementing analytical methods such as single and multi-factor regression
  • CFA or progress towards a CFA is a plus
  • Series 7 and 66 or the ability to gain license within 120 days is required
  • Excellent communications, writing and editing capabilities
  • Project leadership skills, including a demonstrated ability to lead multi-functional project teams to drive to concrete results and actions
  • Proven effectiveness in fast-paced environment; ability to manage within tight deadlines
  • Ability to manage multiple projects concurrently
  • Develop strong, effective relationships with key business partners
  • Superior organizational skills, creativity, and attention to detail
  • Excellent interpersonal skills; strong relationship building
  • Skill in developing new ideas and new approaches to old ideas
  • Professional maturity to effectively interface with senior management
  • High proficiency in Microsoft Office Suites, including PowerPoint; other desktop skills or willingness to learn preferred

Skills:

  • Familiarity with Investments including ETFs and Mutual Funds
  • Working knowledge of MS Office (advanced Excel skills preferred), Bloomberg, Morningstar and/or FactSet, MPI Stylus
  • Skilled in Performance Reporting and Attribution
  • Strong interpersonal skills
  • Attention to Detail
  • Active Listening
  • Causation Analysis
  • Collaboration
  • Investment Management
  • Business Analytics
  • Data Governance
  • Data Quality Management
  • Presentation Skills
  • Written Communications
  • Adaptability
  • Critical Thinking
  • Innovative Thinking
  • Research

Minimum Education Requirement: Bachelor's degree preferably in technical degrees, such as Computer Science, Engineering, Statistics, or Math

Shift:

1st shift (United States of America)

Hours Per Week:

40

Job Tags

Full time, Work experience placement, Shift work, Day shift

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