Bank of America Job Openings – Associate

Job Description:

The bank is looking for a quantitative finance analyst in the Independent Risk and Control Function (IRM/CF) Model Risk Management team. IRM/CF Model risk management team covers all aspects of model validation for credit risk models, capital models, loss forecasting models, treasury and balance sheet models, wholesale models, PPNR models, operational risk models and all control function models including fraud models, Anti-money-laundering models & other compliance risk models, across financial products and markets. Based on their prior experience and the team’s requirement, the candidate will work on one or more of these areas.

Job Responsibilities:

• Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation
• Review and critical assessment of ongoing model monitoring activities
• Coaching of junior staff members while leading validation projects.
• Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation
• Writing of technical reports for distribution and presentation to model developers, senior management, audit and banking regulators

Job Requirements:

• Background and experience with complex, loan-level PD/EAD/LGD models used for stress testing and other credit risk management purposes
• Expertise in cross-sectional and time-series econometrics
• Ability to follow up with issues and summarize discussions
• Ability to communicate clearly, effectively, and work well with people at all levels
• Attention to details
• Speaking / presentation skills in a professional setting
• Ability to communicate clearly and effectively, and influence others
• Ability to produce high quality technical documentation
• Strong knowledge of financial instruments and financial risk management principles
• Experience with retail products including mortgage, credit card and auto loans
• Extensive programming experience using SAS, R and/or MATLAB
• Expertise in analyzing and managing large databases
• Strong Written and Oral Communication
• Willingness to learn
• Strong work ethic

Qualification & Experience:

• 2 or more years of experience in the quantitative modeling and/or validation field

Job Details:

Company: Bank of America

Vacancy Type:  Full Time

Job Location: Kalaburagi, Karnataka, IN

Application Deadline: N/A

Apply Here

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