Bank Of America Senior Quantitative Finance Analyst 

United States, New York, New York 

942968037

Job Description:

Job Description:
The position will be responsible for:
• Performing model review activities including but not limited to independent model validation/challenge, 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 to manage model risk.
• Providing hands-on leadership for projects pertaining to statistical modeling and AI/ML approaches; and providing methodological, analytical, and technical support 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; and if needed, communicating, and interacting with the third line of defense (e.g., internal audit) as well as external regulators.
• Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
• Acts as a senior leader and Subject Matter Expert (SME) to help management’s decision making and guide junior team members.

• PhD or Masters in a quantitative field such as Mathematics, Physics, Engineering, Computer Science or Statistics.
• Solid 3+ years of work experience at another financial service or technology firm in AI/ML, quantitative research, model development, and/or model validation.
• Expert of AI/ML methodologies including NLP, e.g., methods in NLP used for text-to-text, speech-to-text/text-to-speech tasks. Familiarity with techniques in generative AI and LLMs.
• Proficient in Python, and ideally experienced in AI/ML packages, e.g., scikit-learn, TensorFlow, XGBoost, PyTorch, spaCy.
• Domain knowledge such as retail banking, technology, operations, financial market is a plus, including the use of analytics to perform automatic speech recognition, fraud, cyber risk monitoring, retail customer digital experience, ATM operations, and/or cash management.
• Strong knowledge of financial, mathematical, and statistical theories and practices, and a deep understanding of modeling process, model performance measures, and model risk of AI/ML models.
• Understanding of additional risks of AI/ML models in areas such as privacy and information security will be a plus.
• Strong written and verbal communication skills and collaboration skills. This role involves communicating with various groups within the firm including stakeholders with non-technical background.
• Critical thinking and ability to independently and proactively identify/suggest/resolve issues.
• Motivated to continuously research and share state-of-the-art technologies, methodologies, and applications in the AI/ML field.

1st shift (United States of America)