Senior Quantitative Finance Analyst

Senior Quantitative Finance AnalystNew York, New York;Jersey City, New Jersey; Charlotte, North Carolina**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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. Were devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!**Job Description:**Enterprise Model Risk Management seeks a Senior Quantitative Finance Analyst to conduct independent review and testing of wide variety of models based on advanced statistical techniques, as well as artificial intelligence (AI) and machine learning (ML) techniques, for models supporting Global Operations. Portfolio includes models for critical business purposes with continual senior management and regulatory focus. The Senior Quantitative Finance Analyst role is especially designed to provide both thought leadership and hands-on expertise in methodology, techniques, and compliance with model risk management guidelines.**The position will be responsible for:**+ Performing model review activities including but not limited to independent model validation/challenge, annual model review, ongoing monitoring report review, required action item review, and peer review.+ Conducting governance activities such as model identification, model approval and breach remediation reviews to manage model risk.+ Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.+ Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating, and interacting with the third line of defense (e.g., internal audit) as well as external regulators.+ Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.+ Acts as a leader and Subject Matter Expert (SME) to help managements decision making and guide junior team members.**Required Qualifications & Skills:**+ PhD or Masters in a quantitative field such as Mathematics, Physics, Finance, Engineering, Computer Science or Statistics.+ 8+ years of total work experience in quantitative research, model development, and/or model validation.+ Strong knowledge of financial, mathematical, and statistical theories and practices, and a deep understanding of modeling process, model performance measures, and model risk governance. Understanding of additional risks of AI/ML models will be a plus.+ Proficient in at least one high-level language like Python and R.+ Domain knowledge such as banking operations, stress testing and technology related to operations management / enablement is a plus.+ Strong written and verbal communication skills and collaboration skills. This role involves communicating with various groups within the firm including stakeholders with non-technical background.+ Critical thinking and ability to independently and proactively identify/suggest/resolve issues.**Shift:**1st shift (United States of America)**Hours Per Week:**40**Pay Transparency details**US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$125,000.00 - $210,000.00 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.Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of Americas Drug-free Workplace and Alcohol Policy, CLICK HERE .This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.