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Bank Of America Quantitative Finance Analyst 
United States, New Jersey 
78482477

24.09.2024


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)