| Employer: | Bank of America
| Job Ref No: |
1200006519
| Job Title: |
Senior Audit Consultant (Model Risk) : 1200006519
| Sector: |
Asset Management
| Risk Type: |
Other
| Expertise: |
Other
|
The model risk team in Corporate Audit seeks a senior quantitative analyst for the position of Senior Audit Consultant. The mission of the team is to carry out the internal audit responsibilities of the FRB/OCC supervisory guidance on model risk management (OCC 2011-12) for the entire Bank. This encompasses all aspects of model risk including model development, validation, and governance. The work is conducted through a combination of point-in-time audits, continuous monitoring and issue management. The team's primary deliverables are audit reports and memos (and other forms of documentation as needed), the subjects of which are aspects of model risk as outlined earlier. A significant component of the analyst's work focuses on understanding the design and implementation of models from across the Bank, including the adequacy of developmental evidence and demonstration of effective validation challenge where warranted. It also involves close interaction with lines of business and risk management, often on short notice. As such, the role demands individuals with strong quantitative skills and a mindset capable of forming and supporting independent views on both the quantitative and qualitative aspects of model risk. Qualifications
Required Skills:
- Master's in a Mathematical discipline
- 5+ years in financial services
- Strong communication skills including technical writing
- Ability to self-define and execute model evaluation
- Expertise in at least one of R, SAS, C++, MatLab, Java
Desired Skills:
- Ph.D. in a Quantitative discipline
- Audit experience
- CFA or FRM
| Region/Country: |
Americas, United States
| States/Counties: |
North Carolina
| City: |
Calabasas
| Address: | | Post Date: | 02/09/2012 |
