Job Description:
Job Title: Data Science Executive
Corporate Title: Up to Managing Director
Location: Bromley
Company Overview:
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.
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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!
Location Overview:
Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train.
The Team:
Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA and EIT drive innovation, process improvement and automation.
Role Description:
The Data Science for Technology, Risk and Operations (DSTRO) team is seeking a Data Scientist Executive. The Data Science Executive role will report directly to the Head of DSTRO; This role will serve on the DSTRO leadership team and is responsible for assisting in setting the vision and strategy for DSTRO. Primary responsibility will be supporting the Model Development Executive and Artificial Intelligence Model Development Executive (AI MDE) function for DSTRO. This includes working closely with various Model Stakeholders, Third Party Management, Model Risk Management and AI Program Governance to ensure compliance with Enterprise Model and AI Model policies throughout the lifecycle of the model. Additionally, this role performs technical reviews, offers effective challenges, and advises the AI-MDE approval of the AI Business Case Tollgate, AI Model Risks, and AI Readiness Tollgate.
Responsibilities:
- Lead a team or project to a target state of data science tools and techniques
- Build trusting partnerships with the Lines of Business to deliver data science service
- Apply state-of-the-art data science techniques to solve real business problems
- Provide insights into customer, client, product behaviour to create broader impacts and share credit with colleagues during this process
- Execute on all Global Risk Analytics Model Development standards and serve as a role model for other data scientists on best practices in model development and model governance
What we are looking for:
- An advanced degree
- Good, applied statistics skills, such as distributions, statistical testing, feature engineering.
- Understanding and applied knowledge of statistical and machine learning modelling techniques
- Excellent understanding of model governance at a regulated financial institution
- Prior experience working in Model Risk Management or Model Audit or related areas
- Prior experience working with teammates and stakeholders across the globe
- Experience leading teams that build, test, and document models consistent with model development procedures and model risk management expectations
- Experience in Machine Learning, Natural Language Processing, Deep Learning, Statistical Modelling, Quantitative Analysis, Forecasting, and Data Visualization and use it to enable strategy and solve business problems
Skills that will help:
- Process and Risk Oriented
- Background in large company governance concepts
Benefits of working at Bank of America:
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.