Bank of America
Sr. Quantitative Finance Analyst - AML Model Validation
Bank of America, Charlotte, North Carolina, United States, 28245
Sr. Quantitative Finance Analyst - AML Model Validation
Charlotte, North Carolina; Jersey City, New Jersey; New York, New York To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Job Description: This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans. Enterprise Model Risk Management seeks a Sr Quantitative Fin Analyst – Anti-Money Laundering (AML) to conduct independent testing and review of complex models used to monitor and mitigate money laundering risk. The candidate should exhibit familiarity with industry practices and have knowledge of up-to-date AML techniques. The candidate should be able to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in applying statistical and machine learning methods to manage the bank’s AML models and model systems.
The position will be responsible for: Performing independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review. Conducting governance activities such as model identification, model approval and breach remediation reviews. Providing hands-on leadership for projects pertaining to statistical modeling and machine learning approaches to effectively challenge and influence the strategic direction and tactical approaches of these projects. Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; communicating and interacting with the third line of defense (e.g., internal audit) as well as external regulators, as needed. Writing technical reports for distribution and presentation to model developers, senior management, audit and banking regulators. Acts as a senior level resource or resident expert on analytic/quantitative modeling techniques used for Anti-money laundering. Minimum Education Requirement:
PhD or Masters in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics. Required Qualifications: Knowledge and 4+ years of experience in building and understanding of Anti-Money Laundering models and systems. Strong familiarity with industry practices in the field and knowledge of up-to-date Anti-Money Laundering techniques CAMS certification (preferred) Fluency in Python, SAS and SQL Excellent written and oral communication skills with stakeholders of varying analytic skills and knowledge levels. To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. Age requirement: Must at least be 18 years of age. Jersey City, NJ pay and benefits information Jersey City, NJ pay range: $125,000.00 - $210,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. New York pay and benefits information New York pay range: $125,000.00 - $210,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Important notice: You are now leaving a Bank of America website.
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Charlotte, North Carolina; Jersey City, New Jersey; New York, New York To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Job Description: This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans. Enterprise Model Risk Management seeks a Sr Quantitative Fin Analyst – Anti-Money Laundering (AML) to conduct independent testing and review of complex models used to monitor and mitigate money laundering risk. The candidate should exhibit familiarity with industry practices and have knowledge of up-to-date AML techniques. The candidate should be able to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in applying statistical and machine learning methods to manage the bank’s AML models and model systems.
The position will be responsible for: Performing independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review. Conducting governance activities such as model identification, model approval and breach remediation reviews. Providing hands-on leadership for projects pertaining to statistical modeling and machine learning approaches to effectively challenge and influence the strategic direction and tactical approaches of these projects. Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; communicating and interacting with the third line of defense (e.g., internal audit) as well as external regulators, as needed. Writing technical reports for distribution and presentation to model developers, senior management, audit and banking regulators. Acts as a senior level resource or resident expert on analytic/quantitative modeling techniques used for Anti-money laundering. Minimum Education Requirement:
PhD or Masters in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics. Required Qualifications: Knowledge and 4+ years of experience in building and understanding of Anti-Money Laundering models and systems. Strong familiarity with industry practices in the field and knowledge of up-to-date Anti-Money Laundering techniques CAMS certification (preferred) Fluency in Python, SAS and SQL Excellent written and oral communication skills with stakeholders of varying analytic skills and knowledge levels. To proceed with your application, you must be at least 18 years of age. To proceed with your application, you must be at least 18 years of age. Age requirement: Must at least be 18 years of age. Jersey City, NJ pay and benefits information Jersey City, NJ pay range: $125,000.00 - $210,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. New York pay and benefits information New York pay range: $125,000.00 - $210,000.00annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently
benefits eligible
.We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Important notice: You are now leaving a Bank of America website.
By clicking
Continue , you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Please refer to the website’s posted privacy terms and use. You can click the
Continue
button to proceed or the
Cancel
button to return to the previous page.
#J-18808-Ljbffr