Description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Develop innovative technology-based solutions in the form of software, analytical tools and automation utilities to drive process efficiencies and drive business growth.
• Be the thought leader who designs processes, systems and tools based on applied advanced quantitative statistical, machine learning and Al methodologies to build models and analytical frameworks that can be leveraged for better risk management.
• Deliver quantitative models and solutions to the Lines of business that optimize the use of Big Data in a way that reduces the model development and deployment cycle.
• Evaluate quantitative methodologies and data to determine if they should be leveraged for exploration, development and deployment across Consumer models and Analytical frameworks.
• Direct a quantitative team with specific focus areas and oversee stakeholder engagement.
• Set quantitative work priorities in line with the bank's overall strategy.
• Identify continuous improvements through process assessments, and risk and opportunity identification relative to model development or model validation, technical documentation, Consumer credit strategy development, and credit risk management processes.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Bachelor's degree or equivalent in Engineering (any), Finance, Economics, Statistics, Mathematics, or related: and
• 7 years of progressively responsible experience in the job offered or a related Quantitative occupation.
• Must include 7 years of experience in each of the following:
• Utilizing advanced modeling and data science principles including, machine learning and deep learning, statistical and/or probability to develop loan loss modelling, credit risk management or consumer credit frameworks;
• Designing solutions, frameworks or processes that leverage analytical tools or models to improve risk management and/or analytical processes;
• Applying statistical techniques to analyze trends and uncover risks and opportunities relative to portfolio management, originations, or across credit lifecycle;
• Building out, supporting or developing model risk frameworks of processes including model validation, model development or monitoring; and,
• Developing and evaluating quantitative modelling and analytics projects in risk analytics and loss forecasting leveraging technology enabled tools.
• 15% domestic travel required, as necessary.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER: Bank of America N.A.

Shift:
1st shift (United States of America)

Hours Per Week:
40