Bank of America Senior Quantitative Finance Analyst - Audit Model Risk in Charlotte, North Carolina

Job Description:

Senior Quantitative Financial Analyst will contribute to the Corporate Audit Model Risk group’s enterprise-wide coverage of model risk management.

The SQFA will assume the following responsibilities:

  • Determine and propose the risk-based scope of Model Audits.

  • Engage with business partners within various lines of business and functions to identify and assess the risks and control effectiveness.

  • Responsible for Leading Audits and produce high-quality audit reports

  • Responsible for raising audit findings articulating the results and impact of audit fieldwork, both verbally and in writing to the business.

  • Assist senior members of the model audit group to execute and report on business monitoring

  • Mentor and coach junior team members within the Model Risk Audit group.

  • Provide quantitative modelling consultation to other audit teams and engage with business partners in ensuring effective coverage of the model risk control environment.

Required Skills:

  • Master's or Ph.D. in a relevant quantitative discipline such as mathematics, statistics, operations research, physics, economics or MBA.

  • Relevant Model risk management experience in one or more of the following areas: governance, capital markets models, consumer / retail models, economic capital models, loss forecasting models.

  • Relevant professional experience of regulatory requirements within model risk management such as SR11-7 and SR15-18.

  • Model Risk Audit experience (strongly preferred).

  • Excellent organizational, analytical, quantitative, oral, and written communication skills.

  • Ability to manage and deliver timely on multiple projects.

General Job Description

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.

Posting Date : 07/13/2018

Location :


  • United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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