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Bank Of America Quantitative Finance Manager 
United States, New Jersey, Jersey City 
769466460

25.06.2024


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

A good understanding of the key risk drivers at product, business and firm-wide levels is required. The ability to communicate to Line of Business Risk Managers potential risks is required.The candidate will liaise with Line of Business Risk Managers to provide quantitative risk implications of regulatory changes, new product development etc. and enhance market risk models to reflect changes in the business environment. The role requires a flexible approach that can deal with problems that require pragmatic solutions and innovative thinking.

Master’s degree in related field or equivalent work experience

Required Qualifications:

  • Proactively monitor and remediate any market data issues that is used in production risk measurement and reporting.

  • Ensure the completeness, validity, and accuracy of market data on a daily basis.

  • Work with business data users to define the use of data within various risk systems.

  • Work closely with technology to ensure the timely and accurate data processing on weekly schedule.

  • Implement effective market data controls of our data processes and systems.

  • Participate in user acceptance testing of data control processes.

  • Work with other groups as needed, including Reporting, Back Testing, Enterprise Stress Testing and various Technology groups to ensure effective controls over market data for GBAM.

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)