Bank Of America Job PostingAt 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!Job TitleData & Modeling - Resource Analytics Team MemberDescription & ResponsibilitiesThe Data & Modeling - Resource Analytics team in Global Operations Data, Reporting & Operations Management is looking for a motivated individual with strong quantitative skills and experience with time-series forecasting, capacity planning, simulation modeling, and/or operations research. This individual will be responsible for developing and maintaining strategic volume forecasting and capacity planning models with the goal of maintaining optimal staffing levels across Global Operations. In addition, the position will assist with efforts to ensure 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. Responsibilities include:Develop and maintain volume forecasting, capacity planning, and resource optimization modelsRoutinely partner with Front Line Units (FLUs) to ensure model accuracyConduct routine model production and performance presentations with executive leadershipEvaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputsAssist in driving volume and capacity modeling consistency and innovation across the teamHelp modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniquesHelp with documentation and other efforts to adhere to Model Risk Management (MRM) guidelinesRequired SkillsBachelor's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Analytics, Finance or other STEM field2+ years of experience in quantitative roles modeling complex processesFundamental understanding of linear regression and time-series modeling, discrete event simulation, and/or optimization techniques, through education or professional experienceProficient in MS Office, particularly ExcelExperience with CopilotExperience with SAS, Python, R, or similar statistical softwareAbility 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 SkillsMaster's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Analytics, Finance or other STEM fieldPrior operational volume forecasting, capacity planning, or financial planning experienceExperience with Arena or similar discrete event simulation softwareExperience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization softwareExperience with Tableau or other data visualization softwareData mining experience using SQL/SAS queryingPrior Banking industry analytics and modeling experience, specifically with models that adhere to standards set by a risk management governing bodySkillsAnalytical ThinkingBusiness IntelligenceData ModelingData VisualizationData and Trend AnalysisAttention to DetailCollaborationData ManagementData MiningPresentation SkillsConsultingProblem SolvingRisk ManagementStakeholder ManagementTechnical DocumentationShift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$84,600.00 - $130,800.00 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.
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