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Bank Of America Sr Quantitative Finance Mgr United States, New York, New York 357424487
09.07.2024
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Responsibilities:
- Directs 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 quantitative work priorities 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, while providing oversight to managers on reviews
- 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
- Coordinates team projects, while managing and providing guidance to senior level staff on areas of expertise
Skills:
- Business Acumen
- Critical Thinking
- Project Management
- Regulatory Relations
- Talent Development
- Policies, Procedures, and Guidelines Management
- Risk Management
- Stakeholder Management
- Strategic Thinking
- Technical Documentation
- Drives Engagement
- Inclusive Leadership
- Risk Analytics
- Risk Modeling
- Written Communications
The position will be responsible for:
• Review, critical assessment, and challenge of AI/ML and NLP models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation
• Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation
• 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
• 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 SME to help management’s decision making, actively participate in senior level committees and guide junior team members
• 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
Essential candidate characteristics:
• Mature executive presence in a high visibility role
• Exec ready communication and presentation skills
• Ability to effectively influence, challenge and negotiate actions and outcomes across a large matrixed organization
• Exemplary stakeholder and relationship management skills
• Intellectually curious and naturally strategic in approach
• Works effectively as a manager, and can lead and direct business partners through influenceRequired Qualifications & Skills:• Masters/Ph.D.-level degree in Statistics, Computer Science, Engineering, Mathematics or related quantitative field
• Strong previous experience (for at least 12 years) at another financial service or technology firm in AI/ML, quantitative research, model development, and/or model validation
• Strong expertise with AI/ML methodologies including NLP; familiarity with techniques in generative AI and LLMs will be a great plus
• Experience working with bank regulators
1st shift (United States of America)• Mature executive presence in a high visibility role
• Exec ready communication and presentation skills
• Ability to effectively influence, challenge and negotiate actions and outcomes across a large matrixed organization
• Exemplary stakeholder and relationship management skills
• Intellectually curious and naturally strategic in approach
• Works effectively as a manager, and can lead and direct business partners through influenceRequired Qualifications & Skills:• Masters/Ph.D.-level degree in Statistics, Computer Science, Engineering, Mathematics or related quantitative field
• Strong previous experience (for at least 12 years) at another financial service or technology firm in AI/ML, quantitative research, model development, and/or model validation
• Strong expertise with AI/ML methodologies including NLP; familiarity with techniques in generative AI and LLMs will be a great plus
• Experience working with bank regulators
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