Bank of America Sr Quantitative Finance Analyst in Atlanta, Georgia

Job Description:

This position will be responsible for independently conducting model validation and ongoing model risk management activities for capital, operational and compliance models. The incumbent shall possess excellent quantitative/analytic skills and is able to document and communicate model validation and ongoing model review findings with business partners.


  • Review and validate capital (Basel and economic capital), operational (fraud, other operational risk and operational volume) and compliance models

  • Provide effective challenge on underlying assumptions, theory, data, estimation, implementation and limitations of the model being validated

  • Perform independent testing to identify/quantify model risk associated with the model being validated

  • Prepare validation report and technical documents for the model being validated

  • Work closely with model owners, developers and users with respect to compensating controls of the model and communication of validation outcomes

  • Perform annual model reviews, on-going monitoring reviews, Required Actions Items closure

  • Provide support for regulatory and audit requests


  • PhD or Masters degree in quantitative fields such as mathematics, statistics or equivalent

  • In depth understanding of probability theory and statistical analysis, particularly in probability distribution (including univariate and multivariate), statistical estimation, hypothesis testing, and regression (such as linear and logistic) analysis

  • 5+ years of hands-on quantitative modelling or validation experience in capital models or related area

  • Strong communication (both written and verbal) and collaboration skills

  • Strong programming skills in one or more of the following: SAS, MATLAB, R, Python and C++ Familiar with SR11-07 and related requirements on model risk

Posting Date : 08/02/2017

Location : US-GA-Atlanta, US-NC-Charlotte

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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