1 day old

Quantitative Finance Analyst - Model Standards and Oversight

Bank of America
Chicago, IL
  • Job Code
Company Bank of America

Job Title Quantitative Finance Analyst - Model Standards and Oversight

Jobid bankofamerica-18018028ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**

We are seeking a Quantitative Finance Analyst to join the Global Risk Analytics team. This role will form part of the Model Standards and Oversight (MSO) function within GRA.

The successful candidate will extend the coverage of quantitative control execution, affording the development of a more expansive range of controls. He/She will improve the overall quality, timeliness and effectiveness of the quantitative oversight function.

The role presents an opportunity to engage in GRA’s broad range of activities and demands a highly varied skillset, including quantitative, analytical, organizational, communication and technology capabilities.

Two or more years of industry experience working in a model audit or model governance focused role within a bank are desirable.

Key tasks include the following:

+ Execute existing strategic controls initiatives and support the evolution of the GRA quantitative controls framework

+ Roll out new oversight procedures covering model development, technical implementation, data management and model execution

+ Identify key risk and performance indicators

+ Improve oversight and management information systems

+ Support and oversee the model development lifecycle, including management of the model inventory, ownership and retirement processes, periodic attestations and peer review processes

+ Seek opportunities to automate and simplify the quantitative controls framework, standardize management reporting and support alignment across sub-groups and central teams

+ Understand the wider control environment and second and third lines of defense to improve overall efficiency, adhere to best practices and remove process duplication

+ Provide business coverage and continuity of GRA’s quantitative control framework **Key Competencies:**

+ Builds Organizational Alignment

+ Leverages Technology

+ Drives Operational Excellence

+ Demonstrates Analytical Ability **Requirements:**

+ 3 or more years of industry experience working in a model audit or model governance focused role within a Bank

+ Experience in managing model audit issues or executing controls of analytics development and delivery

+ Must have an understanding of modeling, data and technical challenges in sufficient detail to engage in dialogue with model development teams and technical partners

+ Must have a quantitative, analytical, organizational, communication and technology capabilities

+ Ability to multitask and deliver to tight deadlines

+ Excellent verbal and written communication skills **Desirable Skills**

+ Ability to apply Excel, VBA, LaTeX and SDLC tools such as JIRA

**Posting Date** : 04/02/2018

**Location** :

Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,

Chicago, IL, 135 S LA SALLE ST (IL4135),

- United States

**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.


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:

Quantitative Finance Analyst - Model Standards and Oversight

Bank of America
Chicago, IL

Share this job

Quantitative Finance Analyst - Model Standards and Oversight

Bank of America
Chicago, IL

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
th -
Overall Rating: /199
Median Salary:

Work Environment
Powered ByCareerCast