Java Programming, Leadership, Finance, Python Programming, SQL, Customer Support, Machine learning techniques, XGBoost, R Programming, Neural Networks, SAS, Random forests
At Bank of America, models are used for a broad range of activities, including but not limited to valuation, risk management, Anti-money laundering, fair-lending, liquidity planning, stress testing, underwriting, technology and operations and other strategic or day-to-day decision-making purposes. Bank of America recognizes the risk and uncertainty associated with the use of its models and the need to effectively manage this risk both at an individual level and in the aggregate. The Model Risk Management (MRM) Team provides oversight for model risk including artificial intelligence models across Bank of America's model inventory. The MRM Team independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; and escalates model use breaches and remediation plans to relevant governance committees.
Role Description:
The Quantitative Finance Analyst will be working as a validator in Model Risk Management involving statistical and machine learning models. The role is especially designed to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in statistics and AI/machine learning including, but not limited to, Regression, Capital Model (VAR), Gradient Boosting Tress, Random Forests, Support Vector Machines, and Artificial Neural Network in anti-money laundering, fraud, operational risk, capital management and Consumer/Commercial technology and operations.
The position will be responsible for:
Required/Desired:
Required skills:
The successful candidate should be a modeler or validator and meet the following requirements:
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco, and took its present form when NationsBank of Charlotte acquired it in 1998. t is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization.
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