Senior Quantitative Finance Analyst
Company: Disability Solutions
Location: New York
Posted on: October 13, 2024
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Job 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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:Enterprise Model Risk
Management seeks a Senior Quantitative Finance Analyst to conduct
independent review and testing of complex models based on
artificial intelligence (AI) and machine learning (ML) techniques
including natural language processing (NLP). These are high profile
modelling areas in the bank, with continual senior management and
regulatory focus. The Senior Quantitative Finance Analyst will be a
key leader in Model Risk Management. The role is especially
designed to provide both thought leadership and hands-on expertise
in methodology, techniques, and processes in applying AI/ML models
to manage the bank's large footprint in various line of businesses.
The AI/ML model inventory cover areas of natural language
processing, deep learning and ensemble learning. The model
inventory is rapidly increasing especially with generative AI and
large language models (LLMs).The position will be responsible
for:--- Performing model review activities including but not
limited to independent model validation/challenge, annual model
review, ongoing monitoring report review, required action item
review, and peer review.--- Conducting governance activities such
as model identification, model approval and breach remediation
reviews to manage model risk.--- Providing hands-on leadership for
projects pertaining to statistical modeling and AI/ML approaches;
and providing methodological, analytical, and technical support to
effectively challenge and influence the strategic direction and
tactical approaches of these projects.--- Communicating and working
directly with relevant modeling teams and their corresponding Front
Line Units; and if needed, communicating, and interacting with the
third line of defense (e.g., internal audit) as well as external
regulators.--- Writing technical reports for distribution and
presentation to model developers, senior management, audit, and
banking regulators.--- Acts as a senior leader and Subject Matter
Expert (SME) to help management's decision making and guide junior
team members.Minimum Education Requirement: Master's degree in
related field or equivalent work experienceRequired Qualifications
& Skills:--- PhD or Masters in a quantitative field such as
Mathematics, Physics, Engineering, Computer Science or
Statistics.--- Solid 3+ years of work experience at another
financial service or technology firm in AI/ML, quantitative
research, model development, and/or model validation.--- Expert of
AI/ML methodologies including NLP, e.g., methods in NLP used for
text-to-text, speech-to-text/text-to-speech tasks. Familiarity with
techniques in generative AI and LLMs.--- Proficient in Python, and
ideally experienced in AI/ML packages, e.g., scikit-learn,
TensorFlow, XGBoost, PyTorch, spaCy.--- Domain knowledge such as
retail banking, technology, operations, financial market is a plus,
including the use of analytics to perform automatic speech
recognition, fraud, cyber risk monitoring, retail customer digital
experience, ATM operations, and/or cash management.--- Strong
knowledge of financial, mathematical, and statistical theories and
practices, and a deep understanding of modeling process, model
performance measures, and model risk of AI/ML models.---
Understanding of additional risks of AI/ML models in areas such as
privacy and information security will be a plus.--- Strong written
and verbal communication skills and collaboration skills. This role
involves communicating with various groups within the firm
including stakeholders with non-technical background.--- Critical
thinking and ability to independently and proactively
identify/suggest/resolve issues.--- Motivated to continuously
research and share state-of-the-art technologies, methodologies,
and applications in the AI/ML field.Shift:1st shift (United States
of America)Hours Per Week: 40
Keywords: Disability Solutions, New York , Senior Quantitative Finance Analyst, Accounting, Auditing , New York, New York
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