Senior Quantitative Risk & Modeling Analyst

Bank of America Corporation; Town of Newark (WI); On-site; USD 125,000 - 210,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Benefits eligible

Job summary

Bank of America Corporation invites applications for a Sr. Quantitative Finance Analyst to lead advanced modeling projects for specific risk types and business units.

You will design, implement, and document complex models, work with technology on system deployment, and influence strategic risk directions. The role requires deep quantitative expertise, strong programming in Python/SAS/R, and experience with model governance, validation, and reporting.

Qualifications

• Advanced quantitative degree with 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, implementation, results consolidation, reporting.
• Leads planning to set quantitative work priorities aligned with bank strategy.
• Identifies continuous improvements through model development/validation reviews and documentation.
• Maintains oversight of model development and model risk management to support business requirements.
• Leads and provides guidance to influence development/validation approaches and assess risk.
• Communicates submission and validation outcomes with stakeholders and senior management.
• Performs statistical analysis on large datasets and interprets results using qualitative and quantitative methods.
• Reviews enterprise fraud prevention and detection models for soundness and governance compliance.
• Develops testing or alternative models using statistical analysis and software tools.
• Presents model validation results in reports (IAR, MVR, RAI, OMR).
• Partners with business, model developers, risk and audit across the lifecycle.

Skills

Critical Thinking

Quantitative Development

Technical Documentation

Problem Solving

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Education

Master’s degree

Tools

Python

SAS

R

LaTEX

Job description

Bank of America Corporation invites applications for a Sr. Quantitative Finance Analyst to lead advanced modeling projects for specific risk types and business units.

You will design, implement, and document complex models, work with technology on system deployment, and influence strategic risk directions. The role requires deep quantitative expertise, strong programming in Python/SAS/R, and experience with model governance, validation, and reporting.