Risk Analysis Specialist III - Model Development Oversight

Bank of America   •  

Atlanta, GA

8 - 10 years

Posted 295 days ago

This job is no longer available.

Job Description:

We are seeking Risk Analysis Specialist III to join the Financial Crimes Analytics (FCA) team within Global Risk Analytics (GRA).

The successful candidate will develop and implement coordination and control mechanisms to ensure completion of key model development objectives. He/She will improve the overall quality, timeliness and effectiveness of the Financial Crimes Analytics function.

The role presents an opportunity to engage in GRA’s broad range of activities and demands a highly varied skillset, including quantitative, analytical, organizational, communication and technology capabilities.

Responsibilities include:

•Support and oversee the model development lifecycle, including management of the model inventory, ownership and retirement processes, periodic attestations and peer review processes

•Coordinate efforts across multiple systems and stakeholder groups

•Execute existing strategic controls initiatives and support the evolution of the GRA quantitative controls framework

•Develop and implement procedures covering model development, technical implementation, data management, model execution, monitoring, and testing

•Identify key risk and performance indicators

•Improve oversight and management information systems

•Seek opportunities to automate and simplify the quantitative controls framework, standardize management reporting and support alignment across sub-groups and central teams

•Understand the wider control environment and second and third lines of defense to improve overall efficiency, adhere to best practices and remove process duplication

Key Competencies:

•Builds Organizational Alignment

•Leverages Technology

•Drives Operational Excellence

•Demonstrates Analytical Ability

•Communicates effectively

Required Skills:

•7-10 years of Risk Management experience

•Two or more years of industry experience working in a model development, model audit or model governance focused role within a Bank or having supported a Bank if in Public Accounting

•Experience in managing model audit issues or executing controls of analytics development and delivery

•Must have an understanding of modeling, data and technical challenges in sufficient detail to engage in dialogue with model development teams and technical partners

•Must have a quantitative, analytical, organizational, communication and technology capabilities

•Ability to multitask and deliver to tight deadlines

•Excellent verbal and written communication skills

Desired Skills

•Ability to apply Excel, VBA, LaTeX and SDLC tools such as JIRA

•Experience with AML scenarios, typologies, and processes

•Process Development Experience

This position is located in Atlanta, GA.


Enterprise Role Overview:

Responsible for performing data management, complex analysis, and modeling that maximizes profits and asset growth and minimizes credit and operating losses and otherrisk exposures. Provides data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. PhD, Master's degree, or large data experiencepreferred; Programming experience like SQL, SAS preferred; 7+ years experience.

Job number: 18009318