Sr. Quantitative Finance Analyst
Jersey City, New Jersey;Charlotte, North Carolina; 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-22034178
Band: H4
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Taylor Pitre
Referral Bonus:
0
Jersey City pay and benefits information
**Jersey City pay range:**
$105,000 - $180,000
annualized salary, offers to be determined based on experience, education and skill set.
**Discretionary incentive eligible**
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
**Benefits**
This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
