Bank of America Quantitative Finance Analyst - Model Standards and Oversight in Chicago, Illinois

Job Description:

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

  • Leverages Technology

  • 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

Location :

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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