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Bank Of America Quantitative Finance Manager 
United States, North Carolina, Charlotte 
451395656

06.09.2024


Responsibilities:

  • Leads a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams

  • Sets priorities related to quantitative modeling 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

The position will be responsible for:
• Performing independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review.
• Conducting governance activities such as model identification, model approval and breach remediation reviews.
• Providing hands-on leadership for projects pertaining to statistical modeling and machine learning approaches 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; communicating and interacting with the third line of defense (e.g., internal audit) as well as external regulators, as needed.
• Writing technical reports for distribution and presentation to model developers, senior management, audit and banking regulators.
• Acts as a senior level resource or resident expert on analytic/quantitative modeling techniques used for Anti-money laundering and actively participates in senior level committees; provides guidance to junior team members

Master’s degree in related field or equivalent work experience


• PhD or Masters in a quantitative field such as Mathematics, Physics, Finance, Engineering, Computer Science, Statistics.
• Advanced knowledge and 7+ years of experience in building and understanding of Anti-Money Laundering models and systems
• Strong familiarity with the industry practices in the field and knowledge of up-to-date Anti Money Laundering techniques
• CAMS certification (preferred)
• Fluency in Python, SAS and SQL
• Excellent written and oral communication skills with stakeholders of varying analytic skill and knowledge levels.


Skills:

  • Business Acumen

  • Critical Thinking

  • Regulatory Relations

  • Talent Development

  • Technical Documentation

  • Policies, Procedures, and Guidelines Management

  • Project Management

  • Risk Analytics

  • Risk Management

  • Stakeholder Management

  • Drives Engagement

  • Inclusive Leadership

  • Risk Modeling

  • Strategic Thinking

  • Written Communications

1st shift (United States of America)