Bank of America is looking to solve the problem of conducting quantitative analytics and complex modeling projects for specific business units or risk types, and to develop and oversee processes, standards, and controls across the model lifecycle.
Requirements
- Quantitative Development
- Risk Analytics
- Risk Modeling
- Technical Documentation
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
Responsibilities
- Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
- Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
- Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
- Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
- Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
- Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
- Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
Other
- Minimum 4 years’ experience in the financial services industry
- Degree in a relevant quantitative discipline
- Strong oral and written communication skills
- Ability to develop strong working relationships with teammates as well as senior management
- Highly organized and able to execute multiple priorities
