9 days old

Sr. Quantitative Financial Analyst

Jersey City, NJ 07308
  • Jobs Rated
    28th
Sr. Quantitative Financial Analyst



Jersey City, New Jersey;Charlotte, North Carolina



**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

+ Mentor & Guide junior validators



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



**Job Band:**



H4



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**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

+ Mentor & Guide junior validators



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



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21033438



Band: H4



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Aubrey Drake



Referral Bonus:



0



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 (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (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 .

Industry

  • Banking / Finance

Jobs Rated Reports for Financial Analyst

Posted: 2021-09-11 Expires: 2021-10-19

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

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Sr. Quantitative Financial Analyst

Bank of America
Jersey City, NJ 07308

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Financial Analyst
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