14 hours

Quantitative Finance Analyst

Bank of America
Charlotte, NC
  • Job Code
Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17077290CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

**Job Description:**

Responsible for independently conducting quantitative analytics on modeling projects. The role is to manage model risk management activities for AML and other compliance models/scenarios within the Independent Risk Management (“IRM”) and Control Functions ("CFs") group of Model Risk Management.

The candidate should have an understanding of bank data and structures, understand the business and analytics objective/assumptions of target model, possess a strong quantitative knowledge to review and effective challenge target model. The successful candidate must be able to come up with an idea, plan a course of action, execute the plan in a reasonable amount of time, and deliver results in a thorough and organized presentation.

No previous money laundering or other compliance experience is required; however, one (1) to three (3) years of substantive money laundering or other compliance experience in a financial institution or government position is preferred. A Master's degree or equivalent from an accredited university is required. Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (CAMS) is preferred.

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.


+ 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


+ Review and validate AML and other compliance models/scenarios

+ 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


+ 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


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

+ At least 2 years quantitative experience is required.

+ Proven experience with SAS, SQL and R.

+ Experience with statistical modeling

+ Strong writing and communication skills

**Posting Date** : 11/20/2017

**Location** :

Charlotte, NC, 201 N TRYON ST (NC1022),

- 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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Bank of America
Charlotte, NC

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