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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for the overall risk management activities of the company's investment portfolio. Key responsibilities include risk management, development of hedging strategies as well as analysis of market characteristics. Job expectations include applying knowledge of investments strategies to best manage the Chief Investment Office (CIO) portfolio.

This role supports the Chief Investment Office (CIO) in the quantitative analysis, monitoring, and reporting of the firm’s Asset‑Liability Management (ALM) portfolios. The position is designed for an analytically‑oriented professional who combines strong programming skills with an interest in financial markets, portfolio analytics, and balance sheet risk management. The Quantitative Portfolio Analyst will work closely with senior portfolio managers, risk managers, and strategists to develop analytical tools, perform portfolio, and risk analysis, and translate large data sets into actionable insights. This is not a trading role; however, the role operates close to portfolio decision‑making and requires a strong understanding of market dynamics and portfolio risk.

Responsibilities:

• Conducts in-depth market research, risk assessments, and financial analysis to support investment decisions
• Prepares dashboards and reports for leadership to showcase portfolio performance on weekly, monthly, quarterly basis and ad-hoc as requested

Line Of Business Specific Responsibilities:

Portfolio & Risk Analytics

• Develop and maintain quantitative analyses supporting ALM portfolios, including performance attribution, risk decomposition, scenario analysis, and sensitivity analysis.
• Analyze market data, yield curves, spread dynamics, and macroeconomic inputs to support portfolio monitoring and investment discussions.
• Assist in evaluating portfolio positioning relative to investment guidelines, accounting constraints, and enterprise risk limits.

Data & Tool Development

• Build and maintain Python‑based analytical tools and workflows for portfolio analysis, risk reporting, and ad‑hoc research.
• Query and manage large financial data sets using SQL to support analytical and reporting needs.
• Improve automation, data quality checks, and repeatability of portfolio analytics and reporting processes.

Reporting & Communication

• Prepare recurring and ad‑hoc reports and dashboards for portfolio managers and senior leadership, explaining drivers of portfolio performance and risk in a clear and concise manner.
• Support governance, oversight, and compliance processes by monitoring guideline adherence and escalating issues as appropriate.
• Communicate analytical results effectively to both technical and non‑technical stakeholders.

Collaboration & Research

• Partner with portfolio managers, risk teams, and finance partners to evaluate analytical questions related to portfolio construction, hedging effectiveness, and balance sheet risk.
• Conduct research on market structure, valuation methodologies, and portfolio risk concepts, and translate findings into practical analytical outputs.
• Contribute to the continuous improvement of analytical frameworks as business needs, markets, and regulations evolve.

Required Qualifications

• 1–2 years of experience in a quantitative, analytical, or financial role (e.g., portfolio analytics, risk analytics, quantitative research, strategy, or related).
• Strong programming skills in Python, with experience using libraries for data analysis (e.g., pandas, NumPy, visualization tools).
• Working knowledge of SQL for querying and manipulating large data sets.
• Solid analytical foundation with the ability to decompose complex problems and produce structured, well‑reasoned analyses.
• Strong attention to detail and a high standard for data accuracy and reproducibility.
• Ability to manage multiple workstreams in a fast‑paced environment while meeting deadlines.
• Intellectual curiosity, initiative, and willingness to learn new analytical techniques and market concepts.

Desired Qualifications

• Bachelor’s and Master’s degree in a quantitative field such as Finance, Economics, Mathematics, Engineering, Physics, or Computer Science.
• Familiarity with fixed income markets, portfolio risk concepts, or asset‑liability management frameworks.
• Exposure to balance sheet analytics, risk measurement, or forecasting within a financial institution.
• Experience with version control tools (e.g., Git) and collaborative development practices.
• Interest in financial markets, macroeconomic dynamics, and portfolio construction concepts.

Skills:

• Quantitative analysis
• Financial modeling
• Portfolio analytics
• Performance attribution
• Risk measurement and scenario analysis
• Python‑based data analysis
• Automation
• SQL
• Structured data querying
• Financial reporting
• Visualization

• Analytical problem solving
• Clear communication

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$115,000.00 - $175,000.00 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.