Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates'' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description

This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.Responsibilities

Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key driversLeads the planning related to setting quantitative work priorities in line with the bank''s overall strategy and prioritizationIdentifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validationMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise''s risk appetiteLeads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesMinimum Education Requirement

Strong and diversified quantitative skills, possess an advanced degree (PhD or Masters) in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics, or related fields.Required Qualifications

Familiarity and up-to-date knowledge with industry practices in the field Anti-Money Laundering techniques and typologies.Domain knowledge and familiarity with regulatory landscape including but not limited to model risk management, Anti-money laundering.Proficiency with Above-the Line and Below- the-Line (ATL/BTL) techniques, Sampling methods, AML Coverage Assessments is a plus.Prior experience in model development and/or model validation is a plus.Advanced knowledge and working experience in statistical methods, techniques, and financial data.Proficient in Python, SAS and SQL.Strong written and verbal communication skills and collaboration skills (this role involves communicating with various groups within the firm).Critical thinking and ability to work independently and proactively identify, debate, escalate, suggest, and resolve issues.CAMS certification (preferred)Skills

Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsPreferred Technical Skills

Line of Business (LoB) Products, Services and AcumenFinancial Crimes Risk ProgramsCredible ChallengeRegulatory KnowledgeTechnical DocumentationAML Technical ModellingTechnical ModellingFinancial Crimes Compliance Risk PrinciplesModel Translation and ArticulationModel Validation and Governance

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