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Bank Of America Quantitative Scenario Analyst – Anti-Money Laundering AML United States, North Carolina, Charlotte 251179813
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Job Description:
• Performing in-depth analysis on the Bank’s AML model suite and clearly articulating a holistic picture of model performance, monitoring and targeted assessments.
• Performing independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review.
• Review, critical assessment, and challenge of AML models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation
• Communicating model performance to model stakeholders, including risk management, model development, model risk, and senior management with clear conclusions regarding accuracy and remediation areas as required
• Providing hands-on leadership for projects pertaining to AML Models 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 stakeholders
• Acts as a senior level resource or resident expert onanalytic/quantitativemodeling techniques used for Anti-money laundering.
Skills:
- Access and Identity Management
- Production Support
- Regulatory Compliance
- Risk Management
- Critical Thinking
- Issue Management
- Policies, Procedures, and Guidelines Management
- Solution Design
- Written Communications
- Coaching
- Reporting
- Strategy Planning and Development
- Talent Development
- Test Engineering
Qualifications:
• Bachelor's Degree (or Higher) in a quantitative field such as Mathematics, Computer Science, Statistics or 5+ years of experience in oversight and understanding of Anti-Money Laundering models and systems
• Fluency in Python, SAS and SQL
• Strong familiarity with the industry practices in the field and knowledge of up-to-date Anti Money Laundering techniques
• Proficiency in Microsoft Excel / data analytics; ability to analyze and manipulate large data sets
• Flexible to perform other functions as requested by management
• CAMS certification (preferred)
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