Quantitative Financial Analyst
Bank of America
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New Jersey • New York • United States
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Salary
💰 $85,000 - $130,000 per year
About the role
- Conducts audit assessment of effectiveness of controls supporting the model life cycle including model governance, development, validation, on-going monitoring, and model change management.
- Performs review of model development analysis and on-going model performance testing to assess the conceptual soundness of the model methodology, reasonableness of the model assumptions and the completeness and accuracy of the model testing.
- Conducts review of the model validation analysis to assess the effectiveness of the model validation process.
- Assesses the completeness and reasonableness of the model assumptions, limitations and independent model testing.
- Provides insightful challenges to management, identifies control deficiencies or enhancement opportunities, conducts root cause investigation, documents and reports audit findings.
- Works closely with teammates from multiple internal audit teams to ensure comprehensive coverage of model uses across various lines of business and control functions.
- Works closely with model stakeholders and senior management regarding communication of audit assessment outcomes.
Requirements
- Bachelor's Degree or above in a quantitative discipline such as Mathematics, Statistics, Finance, Economics, Engineering, or Science
- 5+ years of industry experience relating to financial modelling and model uses, particularly in trading models, market risk models and Counterparty Credit Risk models
- Familiar with regulations and regulatory guidance on model risk management
Benefits
- Discretionary incentive eligible
- Industry-leading benefits
- Access to paid time off
- Resources and support for employee wellness
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
financial modellingmodel governancemodel validationmodel performance testingmodel change managementquantitative analysisroot cause investigationaudit assessmentmodel assumptionsmodel testing
Soft Skills
communicationcollaborationcritical thinkingproblem-solvinginsightful challengesreportingdocumentationteamworkanalytical skillsattention to detail