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Bank Of America Fraud Senior Model Governance Analyst IV 
United States, North Carolina, Charlotte 
622776447

13.09.2024


This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.

Job Responsibilities:

  • Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
  • Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
  • Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
  • Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
  • Developing advanced technical documentation for an array of internally- and vendor-developed models ranging from regression to sophisticated techniques including XGB and neural networks
  • Working closely with developers to understand how the model works and provide effective challenge to not only push back on methodology but also ensure results are accurate
  • Partnering with technology and model users to schedule deployments and planning ahead for future model installations
  • Working with independent model risk management, legal and compliance teams to ensure models are fully validated and approved for usage
  • Producing analytics to ensure early model results look consistent with expectations
  • Conducting regular model monitoring and sharing performance results and analytical insights with model stakeholders and users
  • Supporting Bank policy for Artificial Intelligence models and ensuring any risks of using advanced techniques are identified and mitigated
  • Tracking model changes after deployment and ensure appropriate documentation reflects any adjustments, patches or updates
  • Driving model performance analytics above and beyond Model Risk Management policy requirements, including granular performance monitoring, early trend detection, root cause analysis, and gap analysis

Required Qualifications:

• A minimum of 4 years of experience in model validation or development is required

• Must be proficient with SQL and SAS

• Excellent technical writing skills

• Critical problem solving abilities including selection of data and deployment of solutions

• Proven ability to manage projects, exercise thought leadership and work with limited direction on complex problems to achieve project goals while also working as part of a broader team

• Excellent communication and influencing skills

• Thrives in fast-paced and highly dynamic environment

• Intellectual curiosity and strong urge to figure out the “whys” of a problem and come up with creative solutions

Desired Qualifications:

  • Advanced Quantitative degree (Masters or PhD)

  • 7+ years of experience working in model validation. Experience in financial services (following SR-11-7 guidance is very desirable)

  • Proficiency with Python and Tableau

Skills:

  • Analytical Thinking
  • Business Analytics
  • Data and Trend Analysis
  • Fraud Management
  • Problem Solving
  • Collaboration
  • Innovative Thinking
  • Monitoring, Surveillance, and Testing
  • Presentation Skills
  • Risk Management
  • Data Visualization
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Oral Communications
  • Written Communications
1st shift (United States of America)