Global Quantitative Analytics Summer 2024 Analyst
Global Quantitative Summer Analyst Program
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At Bank of America, we value being a Great Place to Work. We recognize that talented, engaged and satisfied employees are the foundation to help make the financial lives of our customers and clients better.
Bank of America provides a diverse range of banking and nonbanking financial services and products domestically and internationally in more than 35 countries.
Global Quantitative Summer Analyst Program Overview:
The Global Quantitative Summer Analyst Program is a summer internship and precursor for the Quantitative Analyst Program designed to develop and coach analytical and quantitative talent to be deployed throughout various Bank of America business groups.
As an Intern within the program, you will focus on the application of quantitative methods to solve complex business challenges. You will gain in-depth experience and be provided micro and macro views of risk management for the bank. Interns will use modeling techniques to determine solutions to business problems and apply quantitative knowledge to specific financial challenges.
Your development is our top priority with on-the-job support, events and mentorship throughout. These opportunities include but are not limited to:
- Bank-provided learnings focused on our seven key risk types (Strategic, Credit, Market, Liquidity. Operational, Compliance and Reputational Risk), as well as topics such as Modeling Principles, Software Development Life Cycle, Data Science and Analytics, latest Regulatory developments and more
- Intern Mentorship Program
- Enterprise Executive Speaker Series
- Diversity & Inclusion Employee Networks LEAD for Women, Black Professional Group, LGBT+ Pride, and more
- Continuous Educational Speakers and Events
- Networking Events
A Day in the Life
Quantitative Analytics internships last 10 weeks and provide participants the opportunity to work on various tasks leveraging programming, data analysis, modeling, and other technical skillsets to understand how the bank makes key decisions. As a Summer Analyst, you will be placed on one team where your primary responsibilities may include but are not limited to:
- Developing emerging risk assessments and analyzing credit risk scenarios
- Quantitative modeling, including building forecast models, pricing models, and stress test models
- Conducting research and analysis to provide a micro view of risk management in a particularbusiness line and a macro view of risk management for the bank as a whole
- Assessing market trends and providing quantitative data for internal partners and ultimately, clients
- Applying quantitative knowledge to specific financial challenges and projects specific to your business alignment
- Implementing solutions applying both qualitative and quantitative methods
- Networking with risk executives and key stakeholders to cultivate meaningful relationships across various lines of business
Quantitative Analytics Opportunities
The Global Quantitative Summer Analyst Program assigns interns to teams across the enterprise. Internship opportunities include positions supporting various business groups, such as the below:
o Global Risk Analytics
o Corporate Treasury
o Enterprise Credit Risk
o Data, Digital & Global Marketing
o Model Risk Management
o Global Market & Financial Risk
o Enterprise Independent Testing
*Intern team assignments are developed based on business need and aligned to skillset and therefore cannot be guaranteed.
Qualifications
- Candidates are required to be pursuing an undergraduate or masters degree from an accredited college or university. Eligible candidates must have a graduation timeframe between December 2024 and June 2025.
- GPA of 3.2 or higher is preferred
- Common areas of study include but are not limited to:
o Computer Science
o Statistics
o Engineering
o Physics
o Financial, Stochastic, and other applied Math
o Quantitative Finance
o Operations Research
o Data Science
o Economics
o Other STEM majors
- Candidates should possess a high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results. Additionally, students should hold strong academic and technical skills in Microsoft Office as well as show proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.
- Candidates should have an understanding of program applications including but not limited to Python, SQL, R, and/or C++.
- Bank of America does not complete third party forms from colleges, universities, or other parties.