Senior Quantitative Risk & Model Validation Analyst

Bank of America Corporation; Florida; On-site; USD 125,000 - 210,000; Full time

Benefits offered by this job

Discretionary incentive plan

Industry-leading benefits

Job summary

Bank of America Corporation is seeking a senior quantitative professional to conduct model development and validation for fraud prevention and risk analytics. The role leads end-to-end stress testing, model validation, and reporting, while coordinating with stakeholders across risk, audit, and technology teams.

The ideal candidate has 7+ years of experience, strong statistical and AI/ML skills, and proficiency in Python, SAS, and R.

Qualifications

• 7+ years of hands-on model development or validation experience in fraud detection or related financial crime areas.
• Solid grasp of traditional statistical modeling techniques (e.g. Logistic regression) plus advanced AI/ML techniques (e.g. Gradient Boosting, Neural Networks, Random Forest, Transformer).
• Proficiency in Python, SAS, R, LaTEX etc.
• Familiarity with regulatory requirements and guidelines related to risk model validation.

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.
• Leads planning related to setting quantitative work priorities in line with the bank’s strategy.
• Identifies continuous improvements through reviews of model development or validation tasks and provides technical guidance.
• Maintains oversight of model development and model risk management to support business requirements.
• Presents validation results in structured reports (IAR, MVR, RAI, OMR).

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

Education

Advanced quantitative degree

Tools

Python

SAS

R

LaTEX

Job description

Bank of America Corporation is seeking a senior quantitative professional to conduct model development and validation for fraud prevention and risk analytics. The role leads end-to-end stress testing, model validation, and reporting, while coordinating with stakeholders across risk, audit, and technology teams.

The ideal candidate has 7+ years of experience, strong statistical and AI/ML skills, and proficiency in Python, SAS, and R.