Senior Quantitative Risk & Model Lead

Bank of America; Jersey City (NJ); On-site; USD 203,000 - 324,000; Full time

Benefits offered by this job

Industry-leading benefits

Paid time off

Job summary

Bank of America is seeking a senior professional to join Global Risk Analytics in Jersey City, NJ. You will lead a quantitative team, set priorities, and oversee model development and validation, ensuring robust governance and risk management across focus areas.

The role requires strong analytical, communication, and leadership skills, with experience in regulatory relations and driving improvements in risk modeling practices within an in-office, collaborative environment.

Qualifications

• Experience in model development and validation within a banking risk framework.
• Strong analytical and problem-solving skills with attention to detail.
• Ability to influence and collaborate across seniority levels.

Responsibilities

• Raising model performance monitoring standards across GRA.
• Identify weaknesses and anticipate development needs.
• Drive efficiency in monitoring activities and adapt framework for policy changes.
• Communicate submission and validation outcomes with stakeholders.
• Lead and guide senior staff on areas of expertise.

Skills

Model risk management

Risk analytics

Stakeholder management

Project management

Regulatory relations

Critical thinking

Written communications

Strong interpersonal skills

Leadership

Education

Advanced degree in a quantitative field

Tools

Regulatory guidance SR26-2

Statistical modeling

Documentation

Job description

Bank of America is seeking a senior professional to join Global Risk Analytics in Jersey City, NJ. You will lead a quantitative team, set priorities, and oversee model development and validation, ensuring robust governance and risk management across focus areas.

The role requires strong analytical, communication, and leadership skills, with experience in regulatory relations and driving improvements in risk modeling practices within an in-office, collaborative environment.