Quantitative Services Professional

Full Time | Central Toronto Roselawn, ONTARIO | about 2 months

Job Summary

Full Time

$73,134 Average salary of similar jobs | Check Salary...

Job Description

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. 


The QS Uncleared Margin Rule (UMR) Professional is a member of the team responsible for maintaining the stability of business processes and controls needed to ensure the firm’s initial margin calculations are accurate and consistent with Dodd-Frank’s Uncleared Margin Rules (UMR) in support of our internal stakeholder, the Counterparty Portfolio Management group.

The analyst will be responsible for various business-as-usual deliverables which must be executed in a timely yet accurate fashion.


  • Review and verify the model inputs feeding the IA calculations
  • Identify, document and escalate production errors detected during pre and post-calculation routines
  • Perform periodic controls which exist to prevent and mitigate erroneous IA calculations
  • Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures
  • Assist with the testing and validation of IA results through each technology release
  • Identify and establish control processes that will mitigate future IA calculation errors
  • Perform daily and ad-hoc reporting to measure and monitor key metrics for the UMR BAU space
  • Provide enhanced analysis and IA explains to front office and collateral operations teams when counterparty disputes arise for IA calculations


  • Minimum undergraduate in Mathematics, Finance or Quantitative field
  • At least 3 years of experience working in a quantitative risk, middle office, or front office role
  • Excellent communication & analytical skills
  • Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR) including market & credit risk
  • Strong technical skills including experience using Excel, VBA and SQL
  • Experience pricing OTC derivative products including futures, options, swaps, credit default swaps, forward rate agreements and swaptions
  • Experience working with OTC derivatives/Fixed Income

What Bank of America Merrill Lynch Offers

Bank of America Merrill Lynch embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Merrill Lynch for our clients, our shareholders and our employees.

Bank of America Merrill Lynch places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America Merrill Lynch is an Equal Opportunity Employer.

Bank of America Merrill Lynch encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Similar Jobs

  • What is the opportunity? You will be the first line of defense for identifying and mitigating operational risk for Canadian Banking (CB) Business.  You will support the business by reviewing and...

  • Professional Consulting - Toronto Our Client in the Banking and Finance Industry is seeking a Financial Analyst for their Downtown Montreal office. This is a 6 months contract to start, possible...

  • What is the Opportunity? As a member of the Risk Reporting team this position plays a key role in the development and production of risk reports and presentations for the Board of Directors, Group...

  • Senior Consultant, Risk Governance Requisition ID : 18017846 Position Type: Regular Position Status: Full Time Job : Technology Work Location : Canada-Ontario-Toronto-33 Yonge Street 3rd...

  • Description MORE ABOUT THIS JOB What We DoAt Goldman Sachs, our Engineers don’t just make things – we make things possible. Change the world by connecting people and capital with ideas. Solve the...

  • At Sun Life, we work together, share common values and encourage growth and achievement. We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your...

Similar Jobs