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Senior Quantitative Finance Analyst

Bank of America


Location:
San Francisco, CA
Date:
04/23/2017
Job Code:
bankofamerica-16056608SanFranciscoCA
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Job Details

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Company Bank of America

Job Title Senior Quantitative Finance Analyst

Jobid bankofamerica-16056608SanFranciscoCA

Location: San Francisco, CA, 94103, USA

Description **Job Description:**



Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.



Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.



Enterprise Model Risk Management seeks a senior quantitative analyst to conduct independent testing and review of highly complex consumer credit risk models with multiple uses, including CCAR credit loss forecasting. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.



The qualified candidate will be responsible for a broad range of model validation activities, including:



1) t he review, critical assessment and challenge as needed of a models conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance evidence, and implementation; 2) the development and implementation of effective independent testing plans that critically challenge key modeling assumptions through empirical analyses and establishes that models are replicable;



3) the review and critical assessment of ongoing model monitoring activities; and 4) the writing of technical reports for distribution and presentation to model developers, senior management, audit, and bank regulators



Qualifications



+ PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Physics, or related field

+ Background and experience with complex, loan-level models used for stress testing and other credit risk management purposes in the consumer retail space

+ Expertise in cross-sectional and time-series econometrics

+ Extensive expertise and programming experience using SAS, R and/or MATLAB

+ Expertise in analyzing and mange large databases.

+ Project management experience

+ Ability to communicate clearly and effectively

+ Ability to produce high quality technical documentation

+ Strong knowledge of financial instruments and financial risk management principles

+ Minimum of 5 years of experience in financial risk modeling or validation

+ Familiarity with applicable regulatory guidance on model risk management and stress testing



Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.



**Posting Date** : 12/21/2016



**Location** : US-CA-San Francisco, US-NY-New York



**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.



Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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