Officer Quantitative Finance Analyst

Job Description:

At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Responsibilities

• Conduct audit assessment of the companys AI governance framework and routines.

• Conduct audit assessment of effectiveness of controls supporting the use of AI models and applications such as AI model life cycle including model governance development validation on-going monitoring and model change management.

• Perform review of model development analysis and on-going model performance testing to assess the conceptual soundness of the AI model methodology reasonableness of the model assumptions and the completeness and accuracy of the model testing.

• Conduct review of the AI model validation analysis to assess the effectiveness of the model validation process.

• Assess the completeness and reasonableness of the model assumptions limitations and independent model testing.

• Provide insightful challenges to management identify control deficiencies or enhancement opportunities conduct root cause investigation documents and reports audit findings.

• Work closely with teammates from multiple internal audit teams to ensure a comprehensive coverage of model uses across the various lines of business of control functions.

• Work closely with model stakeholders and senior management with regard to communication of audit assessment outcomes.

• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Bachelors degree or equivalent in Economics Mathematics Statistics Computer Science Finance or related: and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Utilizing current modeling and data science principles including time-series analysis machine learning and deep learning to develop and implement modeling frameworks;

• Directly interacting with model developers/validators and working as a developer/validator for models using principles from the end-to-end model life cycle and ensuring accuracy and appropriateness of data consumed by or used to develop a model;

• Developing and evaluating quantitative modeling and analytics projects using coding languages including Python and Microsoft Access; and

• Utilizing deep knowledge of model risk management regulations and principles and the model life cycle management to implement models and assess the effectiveness of the management controls.

If interested apply online at or email your resume to and reference the job title of the role and requisition number.

EMPLOYER: Bank of America N.A.

Shift:

Hours Per Week: