QUANTITATIVE OPERATIONS ASSOCIATE - CAPACITY MODELER-GLOBAL OPERATIONS

Company: Bank of America
Location: Jacksonville
Posted on: September 29, 2024

Job Description:

Quantitative Operations Associate - Capacity Modeler-Global OperationsCharlotte, North Carolina;Atlanta, Georgia; Richmond, Virginia; Plano, Texas; Chandler, Arizona; Jacksonville, Florida; Chicago, Illinois; Newark, DelawareJob 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!Job SummaryGlobal Operations Data Management and Analytics team is looking for a motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and/or analytics. This individual will be responsible for developing and maintaining advanced strategic capacity models that predict operational resource demand and providing recommendations to key stakeholders. In addition, the position will assist with efforts to ensure the capacity models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills.Responsible for developing and maintaining capacity and resource optimization modelsHelp modernize existing capacity models using advanced simulation and optimization techniquesEvaluate new opportunities and implement changes for current capacity model inputs, processes, and outputsAssist in driving capacity modeling consistency and innovation across teamRoutinely partner with the Front Line Units (FLUs) to generate best in class outcomesHelp with documentation and other efforts to adhere to Model Risk Management (MRM) guidelinesJob Description:Responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physics, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations ManagerRequired Skills:Bachelor's degree in Industrial Engineering, Mathematics, Statistics/Applied Economics, Operations Research, Advanced Analytics, or other STEM field2+ years of experience in quantitative roles modeling complex systemsExperience with Arena or similar discrete event simulation softwareExperience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization softwareProficient in MS OfficeAbility to work in a team-oriented environment with strong aptitude for problem solving and collaborationStrong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholdersNatural curiosity and drive to answer important business questionsHigh aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environmentDesired Skills:Master's degree in Industrial Engineering, Mathematics, Statistics, Applied Economics, Operations Research, Advanced Analytics, or other STEM fieldSkills:Analytical ThinkingBusiness IntelligenceData ModelingData VisualizationData and Trend AnalysisAttention to DetailCollaborationData ManagementData MiningPresentation SkillsConsultingProblem SolvingRisk ManagementStakeholder ManagementTechnical DocumentationMinimum Education Requirement: NullShift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the EEO is the Law poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the EEO is the Law Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

Keywords: Bank of America, Jacksonville , QUANTITATIVE OPERATIONS ASSOCIATE - CAPACITY MODELER-GLOBAL OPERATIONS, Other , Jacksonville, Florida