3 hours

Model Risk Spreadsheet Validation Lead

Bank of America
Charlotte, NC
  • Job Code
Company Bank of America

Job Title Model Risk Spreadsheet Validation Lead

Jobid bankofamerica-17049605CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

**Company Overview**

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the company’s global banking and global markets businesses.

The company is a long-established participant in the European marketplace, with a presence since 1922. With offices throughout Europe and CEEMEA, the company offers an integrated and comprehensive set of products and services across all businesses, serving the needs of individual, corporate, institutional and government clients, by combining the best of local knowledge and international expertise. Bank of America Merrill Lynch has a strategic and measured approach to its international development and is strengthening its business and infrastructure to create sustainable, long-term growth.

Bank of America Merrill Lynch offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution.

Business Overview:

Bank of America - Merrill Lynch is looking for a Risk Analysis Specialist in theCritical Use Spreadsheet Validationteam. The group is a multi-national team within Enterprise Model Risk Management primarily based inCharlotte. It covers all aspects ofCritical Use Spreadsheetvalidation for the company to ensure that Critical use spreadsheets meet the requirements of the Spreadsheet Control policy

The selected candidate will work primarily with the CFO Group and the Global Risk management groups


+ Lead for one or more Spreadsheet Validation program level projects / initiatives

+ Validate Stress Testing, Liquidity, Pricing and Valuation Spreadsheets to ensure they meet the requirements of the Spreadsheet policy

+ This validation will encompasses the review of the underlying controls, data transformation and design of the spreadsheet being validated

+ Identify/quantify risks associated with the spreadsheet being validated

+ Prepare validation report and communicate results of the validation to the FLU/spreadsheet owner

+ Maintain a sub-portfolio of spreadsheet inventory and perform re-reviews, Required Actions Items closure


+ Bachelors degree in ether accounting, economics, finance or business (CPA / CFA / MBA Finance is preferred)

+ 5-8 years of Risk Management / Audit experience working for a financial services firm

+ Expert MS excel knowledge and solid analytical skills

+ Well organized, detail-oriented with good interpersonal and communication skills (both written and verbal)

+ Ability to handle multiple competing priorities in a fast-paced environment

_Enterprise Role Overview:_

_Responsible for performing data management, complex analysis, and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. PhD, Master's degree, or large data experience preferred; Programming experience like SQL, SAS preferred; 7+ years experience._

**Posting Date** : 07/31/2017

**Location** :


- United States

**Travel** : No

**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.

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Model Risk Spreadsheet Validation Lead

Bank of America
Charlotte, NC

Share this job

Model Risk Spreadsheet Validation Lead

Bank of America
Charlotte, NC

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast