Senior Quantitative Finance Analyst
Company: Disability Solutions
Location: Charlotte
Posted on: November 16, 2024
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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.Enterprise Model Risk Management seeks a Sr
Quantitative Fin Analyst - Anti-Money Laundering (AML) to conduct
independent testing and review of complex models used to monitor
and mitigate money laundering risk. The candidate should exhibit
familiarity with industry practices and have knowledge of
up-to-date AML techniques. The candidate should be able to provide
both thought leadership and hands-on expertise in methodology,
techniques, and processes in applying statistical and machine
learning methods to manage the bank's AML models and model systems.
The position will be responsible for: Performing independent model
validation, annual model review, ongoing monitoring report review,
required action item review, and peer review. Conducting governance
activities such as model identification, model approval and breach
remediation reviews. Providing hands-on leadership for projects
pertaining to statistical modeling and machine learning approaches
to effectively challenge and influence the strategic direction and
tactical approaches of these projects. Communicating and working
directly with relevant modeling teams and their corresponding Front
Line Units; communicating and interacting with the third line of
defense (e.g., internal audit) as well as external regulators, as
needed. Writing technical reports for distribution and presentation
to model developers, senior management, audit and banking
regulators. Acts as a senior level resource or resident expert on
analytic/quantitative modeling techniques used for Anti-money
laundering.Minimum Education Requirement: PhD or Masters in a
quantitative field such as Mathematics, Physics, Finance,
Economics, Engineering, Computer Science, Statistics. Required
Qualifications:Knowledge and 4+ years of experience in building and
understanding of Anti-Money Laundering models and systems. Strong
familiarity with industry practices in the field and knowledge of
up-to-date Anti-Money Laundering techniques CAMS certification
(preferred) Fluency in Python, SAS and SQL Excellent written and
oral communication skills with stakeholders of varying analytic
skills and knowledge levels.Skills:
Keywords: Disability Solutions, Charlotte , Senior Quantitative Finance Analyst, Accounting, Auditing , Charlotte, North Carolina
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