Bank of America · 2 days ago
Quantitative Engineer
Chicago, IL
Full-time
Onsite
Entry, Mid Level
2+ years expBank of America is committed to helping make financial lives better through every connection. The role of a Quantitative Engineer involves designing and implementing scalable software components to enhance data and analytical capabilities within Global Risk. This position requires collaboration with modelers, risk managers, and technologists to develop innovative solutions that meet business and regulatory requirements.
Asset ManagementBankingFinanceFinancial ServicesFinTech
Responsibilities
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
Qualification
Required
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
At least 2 years of relevant experience in software engineering in Quantitative Finance or other industries
Strong Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles
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)
Preferred
Strong analytical and problem-solving skills
Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
Experience with large scale data sets with structured or unstructured data
Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc
Experience implementing process improvements and automation
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
Investing.com
2026-01-08
2026-01-08
WSJ.com: Markets
2026-01-08
Company data provided by crunchbase