Bank Of America Quantitative Finance Analyst 

United States, New Jersey 

78482477

Responsibilities:

• Conduct thorough reviews and critical assessments of models, focusing on conceptual soundness, assumptions, data integrity, performance, implementation, and documentation.

• Develop and execute effective testing plans, benchmarks, and testing code to challenge models through empirical analyses and verify implementation accuracy.

• Engage in ongoing model review activities, including independent validation, ongoing monitoring report review, and addressing action items as necessary.

• Collaborate closely with Model Developers, Model Engineers, and Global Control Functions to prioritize and complete validation activities, ensuring alignment with organizational objectives.

• Provide support to senior management by delivering key findings and assisting in interactions with external regulators.

• Write technical reports for distribution and presentation to various stakeholders, including model developers, senior management, audit, and regulatory authorities.

Master’s degree in related field or equivalent work experience

Required Qualifications:

• Master's/Ph.D. in Economics, Data Science, Finance, Economics, Mathematics, Statistics, Engineering, Physics, Computer Science, or a related field.

• Minimum of 3 years of experienceinstatistics and econometrics (time series, regression modeling, etc.)

• Excellent coding ability in programming with Python, SAS or R.

• Experience working with large and complex data sets using Excel or SQL.

• Excellent communication and writing skills, with a keen attention to detail.

• Demonstrated ability to work effectively in a team environment with a strong work ethic.

Desired Qualifications:

• Experiences with commercial credit risk rating, capital estimation and loss forecasting

• Deep understanding and knowledge of model performance measures

• Extensive knowledge of banking regulations on credit risk, model risk and credit risk modeling methodologies.

1st shift (United States of America)