Bank Of America Sr Quantitative Finance Manager 

United States, New York, New York 

507466604

Job Description:

Job Description:
Responsibilities:* Review, critical assessment, and challenge of wholesale 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.
* Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
* Demonstrating thought leadership by proactively identifying emerging model risks and ensuing they are adequately evaluated and mitigated, where needed.
* Communicating and working directly with relevant modeling teams and their corresponding Front Line Units (FLU); managing and leading risk routines to discuss model risk updates and escalate emerging risks to FLU and model stakeholders.
* Leading communication and interaction with the third line of defense (e.g. internal audit) and external regulators; managing MRM participation in external regulator examinations and internal audit examinations.
* Leading a diverse and global team of quantitative analysts; maintaining strong employee engagement and satisfaction; developing talent pipeline and mentoring teammates.
* Acts as a leader and SME to help management’s decision making, actively participate in senior level committees and guide junior team members."

Required Skills:

* PhD or Masters in a quantitative field such as Mathematics, Physics, Finance/Economics, Computer Science, Statistics.
* Advanced knowledge of statistical and machine learning methods, techniques, formulas, and tests. Fluency in Python, SAS and SQL.
* Knowledge and experience in developing or validating wholesale models. Strong familiarity with the industry practices in the field and knowledge of up-to-date wholesale modeling techniques.
* Minimum of 7-10 years of experience in wholesale with a focus on risk modeling.
* Minimum of 5 years’ experience in leading a team of quantitative analysis and/or risk managers. Demonstrated experience in talent management and development.
* Experience with leading external regulator interactions and successfully leading regulator examinations.
* Excellent written and oral communication skills with stakeholders of varying analytic skill and knowledge levels.
* Strong financial services and risk management experience.
* Strong analytical & problem-solving skills.
* Inquisitive nature, ability to ask right questions and escalate issues.
* Ability to learn and adapt in an unexplored field, if necessary.
* Team player attitude.
* Technical curiosity and interest in learning new skills.

1st shift (United States of America)