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!

Job Description:
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 driversLeads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritizationIdentifies 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/validationMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteLeads 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 riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Skills:

Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten 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 leaders8+ years of experience in model development, statistical methods, forecast methods, data analytics, or quantitative researchExperience in Risk, Credit, Collections or Financial Operations with demonstrated track record of generating and communicating insights which improve performance and understandingHistory of driving change and advancing the status quo via strategic thinking across forecasting, analytics, or automation of operations and controlsAttention to detail coupled with ability to simplify the complexExperience in data science and analysis, with strong analytical skillsDemonstrated ability to organize and work collaboratively across multiple teams and functionsStrong written and oral communication skills, with the ability to cater to both technical and executive audiences when neededFlexibility to work independently with little supervision in a complex team environmentProficiency 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 leadExperience meeting with internal or external bank examiners and responding to questions and required actions in a timely mannerPrevious demonstrated strong leadership or project management experienceConsumer behavior analytics or risk modeling in a financial institutionPrograming skills (SQL, Python, R, LaTeX)Experience with CECL, DFAST, CCAR forecast methodologies
 

Shift:

1st shift (United States of America)

Hours Per Week: 

40