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Bank Of America Sr Quantitative Fin Analyst - AML Models United States, New York, New York 101858764
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Responsibilities:
Conduct detailed audits of various models, focusing on AML transaction monitoring, economic sanctions and fraud detection models. This involves examining the accuracy of model inputs, assumptions, methodologies, and outcomes.
Assess the model risk management framework of the organization, and controls related to model development, validation, implementation, and ongoing monitoring.
Collaborate with model users, developers, risk managers, and other relevant stakeholders to gain a comprehensive understanding of the models being audited and the associated risks.
Communicate work through formal audit templates, reports, as well as through presentations to stakeholders. Work effectively as a team member with other quantitative analysts at the company
Participate in the planning and execution of internal audit assignments on models, ensuring work is performed in accordance with the audit division’s methodology.
Based on the results of audit testing, identify and draft audit observations for review and subsequent debriefing with the key partners.
Conduct validation testing of the audit issue action plans completed by the business.
Required Skills and Experience:
5+ years experience in the development, validation, use, and/or auditing AML transaction monitoring, economic sanctions and fraud detection models
2+ years experience in AML, Financial Crimes and/or Fraud
Excellent analytic, technical, communication and auditing skills
Strong understanding of quantitative modeling concepts, financial instruments, and risk assessment methodologies
Bachelor's Degree in Finance, Economics, Mathematics, Statistics or related quantitative field
:
Advanced degrees in a qualitative field
Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), or Certified Fraud Examiner (CFE)
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