Bank of America Corporation

Data Scientist I

Bank of America Corporation$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's or Master's degree in a quantitative field (Data Science, Statistics, etc.)
  • 1+ years of relevant experience in data science or analytics
  • Strong applied statistics skills including statistical testing and feature engineering
  • Proficient understanding of AI and machine learning models
  • Excellent verbal and written communication skills to influence stakeholders
  • Demonstrated ability to foster innovation and challenge the status quo

Responsibilities

  • Analyze large datasets to identify revenue opportunities and manage risks effectively
  • Collaborate with stakeholders to understand business challenges and develop data-driven solutions
  • Utilize machine learning and statistical analysis techniques to enhance decision-making
  • Create and update technical documentation for analytical solutions and processes
  • Manage multiple projects while ensuring quality deliverables and teamwork
  • Present findings and recommendations to various internal stakeholders
  • Research advancements in data science and AI to inform best practices

Benefits

  • Flexible work environment with a focus on work-life balance
  • Collaboration with a diverse team of experts in AI and data analytics
  • Opportunity to contribute to cutting-edge AI initiatives within the banking sector
  • Professional development and growth opportunities through exposure to various lines of business
  • Supportive company culture that values innovation and accountability
Full Job Description

Job Description:
This job is responsible for analyzing and interpreting large datasets to uncover potential revenue generation opportunities and develop effective risk management strategies. Key responsibilities include collaborating with key stakeholders to comprehend business problems, utilizing data gathering and analysis techniques to devise solutions, and presenting recommendations based on the findings. Job expectations include demonstrating flexibility, resilience, accountability, a disciplined approach, and a commitment to fostering responsible growth for the enterprise.

Responsibilities:

  • Performs business analytics, which includes data analysis, trend identification, and pattern recognition, using advanced techniques (e.g., machine learning, text mining, statistical analysis, etc.) to support decision-making and drive data-driven insights

  • Applies agile practices for project management, solution development, deployment, and maintenance

  • Creates and maintains technical documentation, capturing the business requirements and specifications related to the developed analytical solution and its implementation in production

  • Manages multiple priorities and maintains quality and timeliness of work deliverables such as quantitative models, data science products, data analysis reports, or data visualizations, while exhibiting the ability to work independently and in a team environment

  • Delivers engaging presentations and engages in both in-person and virtual conversations that effectively communicate technical concepts and analysis results to a diverse set of internal stakeholders, and develops professional relationships to foster collaboration on work deliverables

  • Mitigates risk by identifying potential issues and developing controls

  • Researches the latest advances in the fields of data science and artificial intelligence to support business analytics

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across the bank. GRA is also responsible for model implementation, execution, forecasting and performance monitoring. The team drives innovation, process improvement and automation across these activities. 

Overview of  Data Science for Technology, Risk and Operations:
Data Science for Technology, Risk, and Operations (DSTRO) enables the Bank's responsible adoption of Artificial Intelligence (AI) through governance, model oversight, model development, and enterprise data engineering. By providing AI and model risk governance, AI-driven solutions, and critical transaction data assets, DSTRO delivers the controls, infrastructure, and insights needed to strengthen risk management, enhance operational effectiveness, and drive enterprise value.​

Team Overview: 
Artificial Intelligence Development Executive (AI-DE) team reviews, challenges, and approves AI Risk Assessments and AI Readiness Tollgates for all AI use cases where DSTRO serves as AI-DE. Leverages technical AI subject matter expertise to assess supporting documentation including Quantitative Methods Classification for completeness, accuracy, sufficiency, and adherence to governance requirements.​ 

Role Description:
As a Data Scientist I, you will support AI and model development activities that address key business challenges throughout the full product lifecycle, from ideation through retirement, across multiple lines of business (LOBs) at Bank of America.

You will work directly with senior model owners, developers, and users across these LOBs. In supporting model development, you will focus on streamlining manual processes, improving decision-making, and delivering measurable ROI through scalable, compliant, and integrated solutions. You will also provide cross-functional insights and identify opportunities to leverage existing AI technologies, models, and methodologies across the bank to avoid duplication, promote reuse, and share best practices.

This role provides a unique opportunity to directly support Bank of America's Enterprise AI Catalyst program and contribute to the company's AI enablement strategy. The successful candidate will possess a balanced combination of relationship management, project management, and strong, proven data science expertise.

Required Skills:

  • Demonstrated ability to foster an innovative culture while effectively interacting with, influencing, and communicating with senior business leaders.

  • Strong track record of challenging the status quo, identifying opportunities for improvement, and driving organizational change.

  • Knowledge of AI and model governance frameworks within large, complex organizations.

  • Excellent interpersonal skills with the ability to build credibility and collaborate effectively across all levels of the organization.

  • Strong verbal and written communication skills, with a demonstrated ability to build trusted relationships and influence diverse stakeholders.

  • Ability to translate complex analytical concepts and technical findings into clear, actionable business recommendations for technical and non-technical audiences.

Required Technical Skills:

  • Bachelor's or Master's degree in Data Science, Computer Science, Statistics, Mathematics, Engineering, or a related quantitative field.

  • 1+ years of related work experience 

  • Good, applied statistics skills, such as distributions, statistical testing, feature engineering

  • Understanding and applied knowledge of Artificial Intelligence and machine learning modelling techniques

  • Excellent understanding of how Artificial Intelligence is used and governed a large regulated US financial institutions

  • Technical writing skills

Desired Skills:

  • Experience with machine learning frameworks such as scikit-learn, PyTorch, or TensorFlow.

  • Experience building GenAI applications, copilots, agents, or workflow automation solutions.

  • Familiarity with model governance, model risk management, or AI governance frameworks.

  • Experience working with REST APIs, microservices, and enterprise application integration.

  • Experience with software testing, code reviews, and development best practices.

  • Experience in financial services, risk management, compliance, audit, or operational processes.

  • Experience using modern AI development tools such as GitHub Copilot and VS Code

Skills:

  • Adaptability

  • Attention to Detail

  • Business Analytics

  • Technical Documentation

  • Written Communications

  • Agile Practices

  • Application Development

  • Collaboration

  • Data Visualization

  • DevOps Practices

  • Artificial Intelligence/Machine Learning

  • Networking

  • Policies, Procedures, and Guidelines Management

  • Presentation Skills

  • Risk Management

Hours Per Week:

40

Travel Required: 

No

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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