Bank of America Quantitative Finance Analyst - Bankcard Model Valuation - Charlotte, NC or McLean, VA in Charlotte, North Carolina

Job Description:

General Job Description Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

The qualified candidate will be responsible for model independent validation and peer review of all newly developed complex predictive models to ensure they follow good modeling practices and are in compliance with Model Governance Policy, Guidelines and OCC requirements. This will involve understanding the purpose of the model, how it works, how well it performs, and what effective challenges are to the current model. The scope of the role will cover all Global Consumer and Small Business Banking models, included but not limited to Card, First Mortgage, Home Equity, Small Business, Insurance, Marketing and others. Ability to communicate clearly, effectively, and work well with people is a key requirement. The qualified candidate will work cross-functionally to enforce processes and to integrate more effective model validation processes.

Required Skills

  • Masters or Ph.D. degree in Statistics, Math, Financial Math or Economics.

  • Proficient in statistical analysis and modeling

  • Demonstrable ability to work on multiple projects at any one time

  • Have a deep understanding and knowledge of modeling process and model performance measures and to perform effective challenges to the current models

  • A proven project manager who is well organized

  • Strong communication and project management skills

Desired Skills

  • 3 years of continuous hands-on model development or validation experience, preferably, in a lending environment

Posting Date : 10/10/2017

Location :



  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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