8 hours

Senior Quantitative Finance Analyst - PPNR Model Validation - Charlotte, NC

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

Job Title Senior Quantitative Finance Analyst - PPNR Model Validation - Charlotte, NC

Jobid bankofamerica-17062951CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

**Business Overview**

Bank of America is looking for multiple senior/junior quantitative finance analysts in the PPNR Model Risk Management team. The group is a multi-national team within Enterprise Model Risk Management primarily based in New York, London and Charlotte. It covers all aspects of model validation and model risk of revenue forecasting models used within the organization, including the models for income from Card Operations, Investment Banking, ABS/RMBS/CMBS, FX/ETS/Corporate Banking.

Candidate will work closely with model developers from Quantitative Strategy Group and Global Risk Analytics, as well as with other groups within the Model Risk Management (MRM).


+ Validate all PPNR models developed by Quantitative Strategy Group and Global Risk Analytics.

+ Review the underlying assumptions, theory, conceptual soundness, derivation of the models, empirical evidence, calibration, implementation and limitations of the model being validated

+ Perform independent testing to identify/quantify model risks associated with the models being validated

+ Prepare validation report and technical documents for the model being validated

+ Work closely with the business, other stakeholders other control functions with respect to compensating controls of the models and communication of validation outcomes

+ Maintain a sub-portfolio of model inventory and perform annual model reviews, on-going monitoring reviews, Required Actions Items closure

+ Mentor junior members of the team


+ PhD in quantitative fields such as computational finance, mathematics, statistics or equivalent

+ In depth understanding of statistical concepts and model development & validation processes

+ 5 to 10 years of experience in financial services industry building or validating models

+ Complete familiarity and hands-on experience validating models under the SR11-07 and other regulatory framework

+ Excellent organization, attention to detail, and proven ability to deliver

+ Strong communication skills (both written and verbal)

+ Strong coding ability in at least 2 of R , Python, SAS and C+ **Posting Date** : 09/15/2017

**Location** :


- 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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Senior Quantitative Finance Analyst - PPNR Model Validation - Charlotte, NC

Bank of America
Charlotte, NC

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Senior Quantitative Finance Analyst - PPNR Model Validation - Charlotte, NC

Bank of America
Charlotte, NC

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