Bank Of America Model Risk & Analytics Professional 

United Kingdom, England 

922295890

Corporate Title: Up to Vice President

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Role Description:

You will be responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physic, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. May report to either Quant Operations Exec or Quantitative Operations Manager.

Responsibilities:

• Primary responsibility of this role is to take over the handling of all Model related activities and coordination with different stakeholders like Model Risk Management, Global Financial Crimes etc. You will be required to understand the model lifecycle, with demonstrable experience around model development/validation as well as model governance and frameworks.
• Understand the functionalities, limitations, and complexities of the two models and be able to represent SSCoE in all Internal governance forums / Audit meetings and Regulatory exams.
• Work with a range of senior stakeholders across various functions including the Model Development, Model Validation, Model Risk Management, Global Financial Crimes (GFC), GFC-Tech, amongst others.
• Focus on the development of strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics.

What we are looking for:

• You will have a proven track record in Technical, Operations, quantitative financial modelling, or data analytics experience.
• You will have Model Risk Management experience developing model risk frameworks, governance and policies, evidenced by demonstrable improvements.
• You will have Experience in Model risk appetite and Model risk measurement and management.
• You will have the ability to identify Technological implications and solutions that can affect the Model.
• You will have proficiency in quantitative financial modelling and data analytics.
• You will have worked in a team environment and experience managing/developing junior colleagues
• You will have excellent communication skills (oral and written), planning, project management, networking and influencing skills.

Skills that will help (optional):

• Advanced degree in physics, applied mathematics, statistics / probability, or another heavy quantitative discipline.
• Experience in Financial Crimes related to Sanctions or AML Compliance.
• Proficiency in SQL, Python, R and/or SAS.
• Broad experience in Data Analytics and interpretation of large volumes of Data.
• Logical thinking capabilities with a technical mind-set
• Advanced knowledge in using Microsoft Excel and MS Access
• Project management skills
• Experience in AI Model Governance

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.