13 hours
2017-11-212017-12-21

Quantitative Finance Analyst

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-17062823CharlotteNC
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Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17062823CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellentquantitative/analyticskills and are able to influence strategic direction, as well as develop tactical plans.



The role is to assist the Balance Sheet Management (BSM) models risk team within the firms Enterprise Model Risk Management (MRM) Group. The successful candidate will be responsible for managing model risk management activities related to the BSM function reporting to the Head of BSM Model Risk Management.



The candidate will interact with Model Developers, Model Owners, 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.



The key aspects to consider for applying to the role are:



+ Opportunity to be part of a dynamic and growing Model Risk Management team in a top global bank

+ Ability to deliver strategic vision in enhancing model risk management

+ Exposure to advanced modeling techniques and ideas

+ Potential opportunities to career progression as future leaders in risk

+ Opportunity to manage strong technical and high performing teams in Model Risk Management



RESPONSIBILITIES:



+ Review and validate forecasting and pricing models

+ Oversee model validation activities carried out by model validators

+ Manage effectively business priorities to complete validation work to ensure organic growth and sustainable business opportunities

+ Provide support for regulatory and audit requests

+ Maintain effective challenge, critical thinking, independence and strong compliance to policy and procedures in model risk management activities

+ Enhance and maintain strong governance around model risk for the assigned area of business

+ Develop and retain strong teams



COMPETENCIES WE LOOK FOR:



+ Drives Operational Excellence

+ Promotes collaboration and develops strong talent

+ Communicate with impact and ability to influence partners in strategic decisions

+ Ability to manage risks effectively through strong decision making processes



REQUIRED SKILLS:



+ Masters/Ph.D. in Economics, Computational Finance, Mathematics, Statistics, Physics or related degree.

+ At least 2 years experience in financial markets is required.

+ Proven experience with SAS, Matlab and R.

+ Experience with times series and regression modeling

+ Strong familiarity with balance sheet management modeling and products is a must. Good knowledge of rate and credit modeling is preferred.

+ Familiar with SR11-07 and related requirements on model risk

+ Strong communication skills



**Posting Date** : 09/12/2017



**Location** :

Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,

- United States



**Travel** : Yes, 5% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



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Quantitative Finance Analyst

Bank of America
Charlotte, NC

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Quantitative Finance Analyst

Bank of America
Charlotte, NC

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