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.

RESPONSIBILITIES

  • 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

REQUIREMENTS

  • 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

Assistance for Applicants with Disabilities

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

Diversity & Inclusion

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Frequently Asked Questions

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.