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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 approaches

Skills:

• 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 Communications

Minimum Education Requirement:

Master's degree in related field or equivalent work experience

Other 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 trends

Required 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 experience

Desired Skills:

• Self-starter with strong sense of intellectual curiosity
• Consumer behavior analytics in a financial institution
• Experience with machine learning

Shift:
1st shift (United States of America)

Hours Per Week:
40