Bank of America Quantitative Finance Analyst - Model Standards and Oversight in Chicago, Illinois
We are seeking a Quantitative Finance Analyst to join the Global Risk Analytics team. This role will form part of the Model Standards and Oversight (MSO) function within GRA.
The successful candidate will extend the coverage of quantitative control execution, affording the development of a more expansive range of controls. He/She will improve the overall quality, timeliness and effectiveness of the quantitative oversight function.
The role presents an opportunity to engage in GRA’s broad range of activities and demands a highly varied skillset, including quantitative, analytical, organizational, communication and technology capabilities.
Two or more years of industry experience working in a model audit or model governance focused role within a bank are desirable.
Key tasks include the following:
Execute existing strategic controls initiatives and support the evolution of the GRA quantitative controls framework
Roll out new oversight procedures covering model development, technical implementation, data management and model execution
Identify key risk and performance indicators
Improve oversight and management information systems
Support and oversee the model development lifecycle, including management of the model inventory, ownership and retirement processes, periodic attestations and peer review processes
Seek opportunities to automate and simplify the quantitative controls framework, standardize management reporting and support alignment across sub-groups and central teams
Understand the wider control environment and second and third lines of defense to improve overall efficiency, adhere to best practices and remove process duplication
Provide business coverage and continuity of GRA’s quantitative control framework Key Competencies:
Builds Organizational Alignment
Drives Operational Excellence
Demonstrates Analytical Ability Requirements:
3 or more years of industry experience working in a model audit or model governance focused role within a Bank
Experience in managing model audit issues or executing controls of analytics development and delivery
Must have an understanding of modeling, data and technical challenges in sufficient detail to engage in dialogue with model development teams and technical partners
Must have a quantitative, analytical, organizational, communication and technology capabilities
Ability to multitask and deliver to tight deadlines
Excellent verbal and written communication skills Desirable Skills
Ability to apply Excel, VBA, LaTeX and SDLC tools such as JIRA
Posting Date : 04/02/2018
Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,
Chicago, IL, 135 S LA SALLE ST (IL4135),
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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