1 day old
2018-01-212018-02-20

Third Party Quantitative Operations Lead

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-17048715CharlotteNC
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Company Bank of America

Job Title Third Party Quantitative Operations Lead

Jobid bankofamerica-17048715CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Incumbent is 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.



Responsible for driving business insight through the use of quantitative/analytical techniques in support of the firm's Global Procurement organization. The Quantitative Analyst will work with Global Procurement’s risk management, sourcing and strategy executives to drive significant business value through statistical analysis of Third Party behavior and risk.



Key tasks may include:



- Data Mining and gathering of structured / unstructured data across a wide infrastructure



- Apply advanced analytical techniques to drive business insights and decisions



- Conduct spend analytics to support the categorization of spend as well as to identify possible fraud in supply chain payment networks



- Create a risk scoring model and build-out of inherent vs. residual risk framework for Third Party program



- Create supply chain demand forecast and capacity models



- Identify and quantify Third Party risk concentrations



- Perform risk stress testing of Third Party portfolio



REQUIRED SKILLS



- 6-10 years experience in quantitative analysis and data mining through statistical techniques



-Bachelor’s Degree in a quantitative field plus Masters or PhD in progress



- Ability to mentor and train junior quantitative analysts



- Strong data manipulation skills using SQL



- Strong knowledge of database management and related data structures



- Strong knowledge of at least one quantitative programming language such as SAS, R or Python



- Must be comfortable performing analysis in a dynamic environment with varying datasets and data quality



- Strong communication and cross-group collaboration skills



DESIRED SKILLS



- Experience modeling operational losses or default probabilities



- Experience analyzing unstructured data (e.g. text analytics)



- Experience in Risk Management



**Posting Date** : 07/25/2017



**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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Third Party Quantitative Operations Lead

Bank of America
Charlotte, NC

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Bank of America
Charlotte, NC

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