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Sr. Quantitative Financial Analyst

Company: Bank of America
Location: Jersey City
Posted on: November 19, 2021

Job Description:

The Sr. Quantitative Financial Analyst is 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.

  • Review and Validate Complex Predictive Models for conceptual soundness, quantitative rigor and to ensure they follow good modeling practices and are in compliance with the Enterprise Model Governance Policy, Guidelines, Testing Playbooks and Regulatory Requirements.
  • Analyze data using mathematical models, and statistical techniques such as Least Squares Regression, Logistics Regression, Error Correcting Models (ECM), etc.
  • Research and analyze data using a variety of software programs, including R, SAS, Python, etc., and present findings to internal and external stakeholders
  • Present research results in reports, tables, and charts in the Initial Assessment report (IAR), Model Validation Report (MVR), Required Action Item Assessment (RAI Assessment), and Ongoing Monitoring Report reviews (OMR Reviews).
  • Collaborate cross-functionally to ensure compliance with processes and to create more effective model validation process.--
  • Write structured, comprehensive validation reports for assessment of the models, and meeting regulatory requirements for independent model validation and effective challenge.
  • Develop alternative models by applying quantitative statistical analysis to internal and external data Desired/Required skills:
    • Master's Degree + 8 years of experience or PhD + 5 years of experience
    • Review and Validate Complex Predictive Models for conceptual soundness, quantitative rigor and to ensure they follow good modeling practices and are in compliance with the Enterprise Model Governance Policy, Guidelines, Testing Playbooks and Regulatory Requirements.
    • Analyze data using mathematical models, and statistical techniques such as Least Squares Regression, Logistics Regression, Error Correcting Models (ECM), etc.
    • Research and analyze data using a variety of software programs, including R, SAS, Python, etc., and present findings to internal and external stakeholders
    • Present research results in reports, tables, and charts in the Initial Assessment report (IAR), Model Validation Report (MVR), Required Action Item Assessment (RAI Assessment), and Ongoing Monitoring Report reviews (OMR Reviews).
    • Collaborate cross-functionally to ensure compliance with processes and to create more effective model validation process.
    • Write structured, comprehensive validation reports for assessment of the models, and meeting regulatory requirements for independent model validation and effective challenge.
    • Develop alternative models by applying quantitative statistical analysis to internal and external data At Bank of America , we're creating real, meaningful relationships with individuals, businesses and communities to help them focus on what matters most. We serve approximately 66 million consumer and small business clients , using our skills and expertise to help make their lives better. We are committed to attracting and retaining top talent around the world to ensure we continue to deliver together for our customers, clients and communities. Along with taking care of our customers, we want to be a great place for people to work, and we strive to create an environment where all employees have the opportunity to achieve their goals. Partnering Locally
      Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact
      Learn about the six areas that guide Bank of America's efforts to help make financial lives better for customers, clients, communities and our teammates. Diversity and Inclusion
      Each employee brings unique skills, background and opinions. We see diversity and inclusion as our platform for innovation and a key component in our success. Our Values
      Learn about our four values that represent what we believe.

Keywords: Bank of America, Jersey City , Sr. Quantitative Financial Analyst, Professions , Jersey City, New Jersey

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