Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.

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

Skills:

• Critical Thinking
• Quantitative Development
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Adaptability
• Collaboration
• Problem Solving
• Risk Management
• Test Engineering
• Data Modeling
• Data and Trend Analysis
• Process Performance Measurement
• Research
• Written Communications

Required Skills:

• Graduate degree in quantitative discipline (e.g., Mathematics, Economics, Engineering, Finance, Physics)
• Expert communication skills, experience with executive presence, presenting to senior leaders
• 8+ years of experience in model development, statistical methods, forecast methods, data analytics, or quantitative research
• Experience in Risk, Credit, Collections or Financial Operations with demonstrated track record of generating and communicating insights which improve performance and understanding
• History of driving change and advancing the status quo via strategic thinking across forecasting, analytics, or automation of operations and controls
• Attention to detail coupled with ability to simplify the complex
• Experience in data science and analysis, with strong analytical skills
• Demonstrated ability to organize and work collaboratively across multiple teams and functions
• Strong written and oral communication skills, with the ability to cater to both technical and executive audiences when needed
• Flexibility to work independently with little supervision in a complex team environment
• Proficiency with Tableau, MS Word/Excel/PowerPoint

Desired Skills:

• Proven analytical ability and problem solving skills demonstrated through banking experience related to loss forecasting, analytics and operations with ability to pro-actively lead
• Experience meeting with internal or external bank examiners and responding to questions and required actions in a timely manner
• Previous demonstrated strong leadership or project management experience
• Consumer behavior analytics or risk modeling in a financial institution
• Programing skills (SQL, Python, R, LaTeX)
• Experience with CECL, DFAST, CCAR forecast methodologies
  

Shift:

Hours Per Week: 

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