Bank of America Sr Quantitative Finance Analyst in New York, New York
Senior Quantitative Financial Analysts will contribute to the Corporate Audit Model Risk team's enterprise-wide coverage of model risk management. The associate will assume the following responsibilities:
Read and understand financial regulatory guidance.
Interview business partners in various lines of business and control functions to understand relevant aspects of model governance, development, validation, and use.
Apply this understanding to the auditing of model governance, model development, model validation, and model use. Produce written evaluations based on these audits.
Periodically lead the teams efforts for selected audits. In addition to producing ones own written work products, this involves directing the efforts of the team and reading, commenting on, and revising team members contributions.
Provide quantitative modeling consultation to other audit teams and engage with business partners in ensuring effective model risk management across the bank.
Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.
Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics.
Sound organizational, analytical, quantitative, oral, and written communication skills.
Ability to work well with and communicate with others, from teammates to executives, and to present findings to upper level management and executives.
Ability to manage multiple work efforts and to quickly change direction as needed.
Expertise in one of R, SAS, C++, MatLab, Java
Significant quantitative financial experience.
Experience with financial regulatory guidance, audit or compliance
Posting Date : 01/03/2017
Location : US-NY-New York
Travel : No
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.