Bank Of America Sr Analyst 

India, Maharashtra, Vasai-Virar 

551600693

Job Description:

The bank is looking for a quantitative finance analyst in the Global Technology and Operations (GT&O) Model Risk Management team. The candidate will interact with Model Developers, Model Owners and Global Control Functions to prioritize and complete validation activities and to effectively maintain and oversee the model risk governance processes. The candidate is also expected to provide support to senior management during regulatory and audit exams and submission requirements.

Responsibilities:

The candidate will be responsible for a broad range of model validation activities, including:

• Perform critical assessment and independent testing to challenge models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation.
• Provide hands-on leadership for projects pertaining to statistical modeling and AI/ML approaches.
• Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation.
• Review and critical assessment of ongoing model monitoring activities.
• Writing of technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
• Coaching of junior staff members while leading validation projects.

A large portion of the models that this role may be responsible for reviewing include (but are not limited to) data science and AI/ML including GEN-AI LLM models.

Requirements:

• Education: Advanced degree (Master, PhD) in Statistics, Mathematics, Physics, Applied Sciences, Engineering etc.
• Educational institutes: Top tier – IITs, NITs, Indian Statistical Institutes etc.
• Certifications (preferred but not mandatory): Technical certifications in Python, SAS, SQL,
• Experience Range: 3+ years

Mandatory skills:

• Solid 2+ years of experience in AI/ML including Gen-AI LLM models and statistical modeling techniques, applying AI/ML techniques such as neural networks, random forest, GBM, SVM, Graphical models.
• Strong knowledge of AI/ML, statistics/data science, risk management principles and model risk
• Advanced level with Python, with proficient-or-better skills expected in SAS and SQL.
• Hands on experience with deep learning architectures using open-source toolkits in languages like Python, PySpark, PyTorch and relevant at least 2 years in financial services domain.
• Strong Written and Oral Communication
• Ability to follow up with issues and summarize discussions.
• Ability to communicate clearly, effectively, and work well with people at all levels.
• Ability to work in a fast-paced, dynamic environment is critical.
• Attention to details and willingness to learn.
• Strong work ethic and a team player.

Desired skills:

• Experience of natural language processing (NLP)
• Familiarity with applicable regulatory guidance on model risk management etc.
• Speaking / presentation skills in a professional setting
• Ability to communicate clearly and effectively, and influence others
• Ability to produce high quality technical documentation
• Critical thinking and ability to independently and proactively identify/suggest/resolve issues.

Work Timings:12 PM – 9 PM IST

Mumbai