Bank of America Sr Quantitative Finance Analyst in Atlanta, Georgia
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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