Bank of America Corporation

Merchant Services Data & Modeling Analyst

Bank of America Corporation$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative discipline such as mathematics, statistics, or economics
  • 5+ years of experience in quantitative analysis or model lifecycle activities
  • Strong analytical skills to interpret complex data into actionable insights
  • Proficient in analytical tools like Python, SQL, or Tableau
  • Knowledge of model risk management frameworks and practices
  • Understanding of credit/fraud risk strategies
  • Ability to work cross-functionally and influence across diverse teams

Responsibilities

  • Serve as liaison to Global Risk Analytics, translating business context and risk dynamics into actionable insights
  • Partner with GRA for model oversight, including performance monitoring and regulatory standards compliance
  • Identify and address model risks, ensuring alignment between governance and business application
  • Influence model governance practices amid evolving regulatory structures
  • Collaborate with vendors to comprehend data dynamics and facilitate model approvals
  • Provide analytical support for strategic decisions based on model behavior and emerging risks
  • Develop custom reporting frameworks to track model performance and outcomes

Benefits

  • Flexible work environment
  • Opportunities for professional growth and development
  • Collaboration with a variety of stakeholders
  • Exposure to advanced analytical tools and methodologies
  • Involvement in high-visibility projects within model risk governance
Full Job Description
Job Description:

This role sits within the Merchant Services Credit & Transactional Risk organization, on the Strategies, Models & Enablement team, and offers a unique opportunity to operate at the intersection of model risk governance, advanced analytics, and business strategy.

The successful candidate will play a critical, highly visible role partnering with Global Risk Analytics (GRA), strategic vendor and Model Risk Management stakeholders as a key liaison and subject matter expert, providing business context, data insight, and analytical support to ensure effective and practical model governance.

This role is ideal for a candidate who can work with a high degree of independence and thrives in ambiguous, evolving environments and enjoys influencing outcomes on both the technical and business fronts.

Primary Responsibilities
  • Serve as the primary liaison to Global Risk Analytics (GRA), translating Merchant Services business context, data nuances, and risk dynamics into actionable insights
  • Partner with GRA to ensure effective model oversight, including performance monitoring, lifecycle management, and adherence to policy and regulatory expectations
  • Proactively identify, assess, escalate, and help remediate model risks, ensuring alignment between governance standards and real-world business application
  • Influence and shape model governance practices within a frequently evolving oversight structure
  • Partner closely with a strategic vendor partner to deeply understand underlying data, performance dynamics and model or data changes; support and materials required to successfully obtain Model Risk Management (MRM) approval for next generation models
  • Provide strong analytical support to GRA, MRM and LOB partners, leveraging data to evaluate model behavior, identify emerging risk and support strategic decision-making
  • Develop and maintain custom reporting and monitoring frameworks to track model performance, input stability and outcomes
  • Drive and contribute to strategic enhancements, including model upgrades, version changes and evaluation of new tools and methodologies
  • Ensure models remain fit-for-purpose, well-documented and aligned to business objectives and governance standards


Required Qualifications
  • Bachelor's degree in mathematics, statistics, computer science, engineering, economics, finance, or a related quantitative discipline
  • 5+ years of relevant experience in quantitative analysis, risk management, or model lifecycle activities
  • Strong analytical skillset with demonstrated ability to translate complex data into business insights
  • Proficiency in data and analytical tools such as Python, SAS, SQL, Tableau (or similar)
  • Working knowledge of model risk management frameworks, including model development, validation, monitoring, and documentation
  • Understanding of credit and/or fraud risk strategies and underlying business drivers
  • Proven ability to operate effectively in cross-functional environments, influencing stakeholders across technical and non-technical teams
  • Excellent communication skills, including the ability to articulate complex concepts clearly and persuasively to senior audiences


Desired Skills
  • Experience in model risk management, model development, or model validation
  • Prior exposure to consumer or small business credit and/or fraud strategies
  • Experience supporting payments or merchant acquiring portfolios
  • Master's degree in a quantitative field (e.g., Statistics, Economics, Engineering)
  • Familiarity with scoring toolkits and model implementation frameworks


Shift:
1st shift (United States of America)

Hours Per Week:
40

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

Similar Jobs

More Jobs at Bank of America Corporation

More Finance & Insurance Jobs

Find similar Merchant Services Data & Modeling Analyst jobs: