1+ months

Quantitative Finance Analyst - AML Model Development

Atlanta, GA 30309
Quantitative Finance Analyst - AML Model Development

Atlanta, Georgia

**Job Description:**

Bank of America is looking for a Quantitative Finance Analyst to join the Enterprise Risk Analytics (ERA) Anti-Money Laundering (AML) Model Development team within Global Risk Analytics. As one of the worlds largest financial institutions, Bank of America plays a vital role in creating a financial system that is transparent and safe from criminals and terrorists. ERA provides quantitative capabilities supporting Global Financial Crimes Compliance in the banks strategic efforts to counter money laundering and terrorist financing and comply with economic sanctions related requirements.

ERA maintains a portfolio of models used by the banks automated anti-money laundering detection and monitoring platform. The team also performs annual performance assessments on other analytical tools and systems used by teams across Global Financial Crimes Compliance. As part of ERA, the candidate will be responsible for model development, enhancement, implementation, backtesting, production, ongoing monitoring, periodic review, reporting, and documentation. In addition, as a senior analyst, the candidate will also provide thought leadership and hands-on expertise in methodology development, process improvements, stakeholder engagement, and peer coaching.

Responsibilities Include:

The candidate will have the opportunity to learn the latest development in AML scenarios and models, interact with industry leading subject matter experts, apply an extensive set of quantitative methods to meet business/risk management and regulatory requirements, and develop a career in this fast-paced and ever-changing world. This role demands a highly diverse skillset, including quantitative, analytical, organizational, communication, and technology capabilities.

Required Skills:

+ Masters degree in Math, Physics, Statistics, Computer Science or relevant field is required

+ Candidate should possess 2 - 3 years of experience working in model development, data analytics, or quantitative research

+ Strong quantitative background with at least Masters in Statistics, Mathematics or a related field

+ Strong programming skills in SAS, SQL, Python, and/or Latex

+ Strong technical writing, communication, and presentation skills

+ Proven knowledge of predictive modeling, statistical sampling, optimization, machine learning and artificial intelligence techniques

+ Ability to transform business requirements into quantitative models and advise management on use of proper quantitative methods

+ Ability to effectively communicate quantitative topics with non-technical audiences

Desired Skills:

+ Experience in development of AML scenarios, typologies, and processes

+ Experience with machine learning and artificial intelligence techniques


1st shift (United States of America)

**Hours Per Week:**


Full time


Manages People: No

Travel: No

Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .


  • Banking / Finance
Posted: 2019-12-31 Expires: 2020-03-18

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Quantitative Finance Analyst - AML Model Development

Bank of America
Atlanta, GA 30309

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