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Quantitative Finance Analyst Job Details

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Employer:  Bank of America
Job Ref No:  17069463
Job Title:  Quantitative Finance Analyst
Sector:  Asset Management
Risk Type:  Enterprise
Job Description:

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

The role is to assist the Balance Sheet Management (BSM) models risk team within the firms Enterprise Model Risk Management (MRM) Group. The successful candidate will be responsible for managing model risk management activities related to the BSM function reporting to the Head of BSM Model Risk Management.

The candidate will interact with Model Developers, Model Owners, Global Control Functions to prioritize and complete validation activities and to effectively maintain and oversee the model risk governance processes. The candidate is also expected to provide support to senior management during regulatory and audit exams and submission requirements.

The key aspects to consider for applying to the role are:
  • Opportunity to be part of a dynamic and growing Model Risk Management team in a top global bank
  • Ability to deliver strategic vision in enhancing model risk management
  • Exposure to advanced modeling techniques and ideas
  • Potential opportunities to career progression as future leaders in risk
  • Opportunity to manage strong technical and high performing teams in Model Risk Management

  • Review and validate forecasting and pricing models
  • Oversee model validation activities carried out by model validators
  • Manage effectively business priorities to complete validation work to ensure organic growth and sustainable business opportunities
  • Provide support for regulatory and audit requests
  • Maintain effective challenge, critical thinking, independence and strong compliance to policy and procedures in model risk management activities
  • Enhance and maintain strong governance around model risk for the assigned area of business
  • Develop and retain strong teams

  • Drives Operational Excellence
  • Promotes collaboration and develops strong talent
  • Communicate with impact and ability to influence partners in strategic decisions
  • Ability to manage risks effectively through strong decision making processes

  • Masters/Ph.D. in Economics, Computational Finance, Mathematics, Statistics, Physics or related degree.
  • At least 2 years experience in financial markets is required.
  • Proven experience with SAS, Matlab and R.
  • Experience with times series and regression modeling
  • Strong familiarity with balance sheet management modeling and products is a must. Good knowledge of rate and credit modeling is preferred.
  • Familiar with SR11-07 and related requirements on model risk
  • Strong communication skills

Posting Date: 10/11/2017

- United States

Travel: Yes, 5% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  North Carolina
City:  Charlotte

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