Sr Quantitative Fin Analyst
Company: Disability Solutions
Location: Charlotte
Posted on: October 16, 2024
Job Description:
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. 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.Responsibilities:
- Performs end-to-end market risk stress testing including
scenario design, scenario implementation, results consolidation,
internal and external reporting, and analyzes stress scenario
results to better understand key drivers
- Leads the planning related to setting quantitative work
priorities in line with the bank's overall strategy and
prioritization
- Identifies continuous improvements through reviews of approval
decisions on relevant model development or model validation tasks,
critical feedback on technical documentation, and effective
challenges on model development/validation
- Maintains and provides oversight of model development and model
risk management in respective focus areas to support business
requirements and the enterprise's risk appetite
- Leads and provides methodological, analytical, and technical
guidance to effectively challenge and influence the strategic
direction and tactical approaches of development/validation
projects and identify areas of potential risk
- Works closely with model stakeholders and senior management
with regard to communication of submission and validation
outcomes
- Performs statistical analysis on large datasets and interprets
results using both qualitative and quantitative approachesSkills:
- Critical Thinking
- Quantitative Development
- Risk Analytics
- Risk Modeling
- Technical Documentation
- Adaptability
- Collaboration
- Problem Solving
- Risk Management
- Test Engineering
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
- Research
- Written CommunicationsMinimum Education Requirement: Master's
degree in related field or equivalent work experienceOther
responsibilities:--- Identify needs and requirements from the
Consumer Loss Forecasting teams to improve the group's ability to
generate insights and understanding of portfolio risk, model
accuracy, and forecast reasonability--- Identify new topics for
analytical inquiry--- collaborate across teams to ensure need
fulfillment--- Partner with functions across the bank such as BofA
Institute to publish research insights on macro-economic
trendsRequired Skills--- Experience in Credit, Market, or Economic
Analysis with a demonstrated track record of generating and
communicating insights which improve performance and
understanding--- Strong business and financial acumen--- Attention
to detail coupled with ability to simplify the complex---
Experience in data science and analysis, with excellent analytical
skills--- Strategic thinker that can understand complex business
challenges and potential solutions--- Demonstrated ability to
organize and work collaboratively across multiple teams and
functions--- Strong written/oral communication skills, with the
ability to adjust to both technical and executive audiences---
Flexibility to work both independently with little supervision and
in a complex team environment--- Strong knowledge and proficiency
with technical tools such as SQL, Tableau ,Python, SAS--- Solid
knowledge and experience with large data platforms such as
Teradata, Hadoop etc with experience wrangling with large data and
generating insights--- Proficient in data management tools and
analysis routine such as DQ, access control, privacy etc.---
Minimum of 5 years of relevant experienceDesired Skills:---
Self-starter with strong sense of intellectual curiosity---
Consumer behavior analytics in a financial institution---
Experience with machine learningShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Spartanburg , Sr Quantitative Fin Analyst, Professions , Charlotte, South Carolina
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