Sr Quantiative Finance Analyst

Sr Quantiative Finance Analyst

Charlotte, North Carolina;Atlanta, Georgia; Plano, Texas

Job Description:

The Senior Quantitative Finance Analyst will be responsible for conducting complex model validation primarily for the Credit Card Account Management portfolio of models in the Model Risk Management division of Global Consumer, Small Business Banking, and Wealth and Investment Management. The scope of the models, methods, and processes spans across credit, underwriting, marketing, and optimization in the Banks credit card portfolio.

The position will be responsible for

Performing all model validation tasks including but not limited to independent model validations, annual model reviews, ongoing monitoring report reviews, required action item reviews, and peer reviews.

Conducting administrative and governance activities such as model identification, model approval, breach actions, extension assessments, to manage model risk.

Providing hands-on leadership for projects pertaining to quantitative modeling and analytics methodologies such as machine learning, logistic/linear regression, and optimization.

Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.

Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defense (e.g. internal audit) as well as external regulators and governance agents.

Required Skills

The successful candidate should be a seasoned model developer or validator and meets the following requirements:

Strong written and verbal communication skills including ability to communicate clearly, effectively, and work well with people at all levels

Conducted complete and rigorous independent development and/or validation of models

Advanced quantitative degree with 5+ years of hands on model development or validation experience at a financial services firm

Strong knowledge of financial, mathematical and statistical theories and practices, and a deep understanding of the modeling process, model performance measures, and model risk.

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

Ability to follow up with issues and summarize discussions

Ability to manage multiple projects and direct the effort of others

Proficient in at least two of the following languages and statistical packages: SAS, SQL, MATLAB, R, VBA, and Python.

Desired Skills

Knowledge of risk, underwriting and marketing models in a consumer lending environment

Proficiency in machine learning platforms/software (e.g., SPM, Python / sklearn, XGBoost, and R), algorithms, and techniques

Coaching experience in a modeling group

Project management experience

Business and operations knowledge and/or experience for credit cards, auto loans, home loans, and other products in consumer banking, financing and investments.

Ability to communicate clearly, effectively, and work well with people at all levels

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Senior Quantitative Finance Analyst will be responsible for conducting complex model validation primarily for the Credit Card Account Management portfolio of models in the Model Risk Management division of Global Consumer, Small Business Banking, and Wealth and Investment Management. The scope of the models, methods, and processes spans across credit, underwriting, marketing, and optimization in the Banks credit card portfolio.

The position will be responsible for

Performing all model validation tasks including but not limited to independent model validations, annual model reviews, ongoing monitoring report reviews, required action item reviews, and peer reviews.

Conducting administrative and governance activities such as model identification, model approval, breach actions, extension assessments, to manage model risk.

Providing hands-on leadership for projects pertaining to quantitative modeling and analytics methodologies such as machine learning, logistic/linear regression, and optimization.

Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.

Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defense (e.g. internal audit) as well as external regulators and governance agents.

Required Skills

The successful candidate should be a seasoned model developer or validator and meets the following requirements:

Strong written and verbal communication skills including ability to communicate clearly, effectively, and work well with people at all levels

Conducted complete and rigorous independent development and/or validation of models

Advanced quantitative degree with 5+ years of hands on model development or validation experience at a financial services firm

Strong knowledge of financial, mathematical and statistical theories and practices, and a deep understanding of the modeling process, model performance measures, and model risk.

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

Ability to follow up with issues and summarize discussions

Ability to manage multiple projects and direct the effort of others

Proficient in at least two of the following languages and statistical packages: SAS, SQL, MATLAB, R, VBA, and Python.

Desired Skills

Knowledge of risk, underwriting and marketing models in a consumer lending environment

Proficiency in machine learning platforms/software (e.g., SPM, Python / sklearn, XGBoost, and R), algorithms, and techniques

Coaching experience in a modeling group

Project management experience

Business and operations knowledge and/or experience for credit cards, auto loans, home loans, and other products in consumer banking, financing and investments.

Ability to communicate clearly, effectively, and work well with people at all levels

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22044717

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Taylor Pitre

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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