Quantitative Operations Assoc II
Bank of America
Company Bank of America
Job Title Quantitative Operations Assoc II
Location: Plano, TX, 75026, USA
Description **Job Description:**
This position is responsible for developing and maintaining models and tools to predict product, account, and customer value and/or the underlying drivers of value that support Bank of America marketing programs. These models are used in key decision areas such as new customer marketing (acquiring profitable customers), cross-selling and up-selling (strategic relationship deepening) and customer retention (retaining high-value customers).
The models are required to meet very high standards including predictive accuracy, reliability, regulatory compliance, excellent documentation, flawless execution/implementation and ongoing monitoring and validations.
Responsibilities of this position include:
+ Develop, implement, maintain and track performance of valuation models including usage behavior models such as balance, spend, revolve and activation models.
+ Collaborate with other cross-functional areas including Risk Strategies, Finance and Campaign Execution to develop and implement marketing programs leveraging models and other analytical tools.
+ Support lead selection production process with ad-hoc analytics, data preparation, code development and production audits.
+ Develop, streamline and error-proof production codes.
+ Provide analytical data-driven insights to business partners, identify business needs and tailor solutions to those needs.
+ Draw strategic conclusions and recommendations from models/analytics.
+ Work closely with partner areas to ensure proper use of the models/tools.
+ Regularly present project results to senior management and business partners.
+ Master's or higher degree in Statistics, Mathematics, Operations Research or other related field.
+ Strong background and interest in quantitative business analytics. Excellent SAS and SQL programming (Stat, Macro, OR, ETS) and data mining skills. Proficiency with UNIX.
+ 2 -3 years of statistical modeling experience in the financial industry.
+ Excellent written and oral communication skills.
+ Ability to work both independently and as a team player.
+ Experience working with statisticians, data scientists, and programmers.
+ Proficiency in design of experiments (DOE) and optimization techniques.
+ Knowledge of consumer lending products, strategies and related processes
**Posting Date** : 12/21/2016
**Location** : US-DE-Wilmington, US-NC-Charlotte, US-TX-Plano
**Travel** : Yes, 5% of the time
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
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