Bank Of America Sr Quantitative Finance Analyst 

France, Ile-de-France 

884995193

Job Title:Sr Quantitative Finance Analyst - Non-Registered

Paris

Vice President

This job is responsible for leading auditing activities of model risk management across the company and for specific business units or control functions. Key responsibilities include leading the audit assessment of effectiveness of controls supporting the model life cycle including model governance, development, validation, on-going monitoring, and model change management. Job expectations may include the ability to influence management’s strategic direction and actions to strengthen the model risk control environment.

Responsibilities:

• Leads audit assessment of effectiveness of controls supporting the model life cycle including model governance, development, validation, on-going monitoring, and model change management.
• Performs review of model development analysis and on-going model performance testing to assess the conceptual soundness of the model methodology, reasonableness of the model assumptions and the completeness and accuracy of the model testing.
• Conducts review the model validation analysis to assess the effectiveness of the model validation process. Assesses the completeness and reasonableness of the model assumptions, limitations and independent model testing.
• Provides insightful challenges to management, identifies control deficiencies or enhancement opportunities, conducts root cause investigation, documents and reports audit findings.
• Works closely with teammates from multiple internal audit teams to ensure a comprehensive coverage of model uses across the various lines of business of control functions.
• Works closely with model stakeholders and senior management with regard to communication of audit assessment outcomes.

Required Qualifications:

• Bachelor's Degree or above in a quantitative discipline such as Mathematics, Statistics, Finance, Economics, Engineering, or Science
• Strong industry experience relating to financial modelling and model uses, particularly in trading models and Counterparty Credit Risk models
• In-depth understanding of EU regulations relating to internal models

Desired Qualifications:

• Master's degree or above
• Hands-on experience working with EU regulators highly desired;
• Knowledge in other types of models preferred ( such as used for market risk, ICAAP, ILAAP, IFRS9)
• Prior auditing background preferred

Skills:

• Critical Thinking
• Quantitative Development/Validation
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Collaboration
• Problem Solving
• Risk Management
• Data Modeling and Trend Analysis
• Written Communications

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.