Bank of America
Senior Quantitative Finance Analyst
Bank of America, Charlotte, North Carolina, United States, 28245
Senior Quantitative Finance Analyst
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. We’re 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 Responsibilities:Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers.Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.Additional Responsibilities:Review and validate fraud prevention and detection models for conceptual soundness and quantitative rigor to ensure they follow good modeling practices and Model Governance Policy, Guidelines, Testing Playbooks, and Regulatory Requirements.Develop testing or alternative models by applying statistical or quantitative analysis, leveraging a variety of software programs, including R, SAS, Python, etc.Present model validation results in structured and comprehensive reports, including the Initial Assessment report (IAR), Model Validation Report (MVR), Required Action Item Assessment, and Ongoing Monitoring Report reviews.Partner closely and manage interactions with business, model developers, risk, and audit partners across the model lifecycle and validation processes.Skills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement:
Master’s degree in related field or equivalent work experience.Shift:
1st shift (United States of America)Hours Per Week:
40
#J-18808-Ljbffr
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. We’re 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 Responsibilities:Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers.Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.Additional Responsibilities:Review and validate fraud prevention and detection models for conceptual soundness and quantitative rigor to ensure they follow good modeling practices and Model Governance Policy, Guidelines, Testing Playbooks, and Regulatory Requirements.Develop testing or alternative models by applying statistical or quantitative analysis, leveraging a variety of software programs, including R, SAS, Python, etc.Present model validation results in structured and comprehensive reports, including the Initial Assessment report (IAR), Model Validation Report (MVR), Required Action Item Assessment, and Ongoing Monitoring Report reviews.Partner closely and manage interactions with business, model developers, risk, and audit partners across the model lifecycle and validation processes.Skills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement:
Master’s degree in related field or equivalent work experience.Shift:
1st shift (United States of America)Hours Per Week:
40
#J-18808-Ljbffr