Easter Seals Jobs

Quantitative Ops Assoc II

Charlotte, North Carolina

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:

Responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physic, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. May report to either Quant Operations Exec or Quantitative Operations Manager

Skills:

• Analytical Thinking

• Business Intelligence

• Data Modeling

• Data Visualization

• Data and Trend Analysis

• Attention to Detail

• Collaboration

• Data Management

• Data Mining

• Technical Documentation

• Consulting

• Presentation Skills

• Problem Solving

• Risk Management

• Stakeholder Management

Line of Business Job Description:

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes, or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and can influence strategic direction, as well as develop tactical plans.

• Conduct an independent assessment by developing models or building an analytical framework to test AML screening model and other functions of AML high risk detection operations.

• Primary responsibility is to tune parameters or partner with model developers to re estimate model(s) to minimize the false negatives and identify triggers for false-positive Screening alerts to improve accuracy of model inputs, assumptions, methodologies, and model outcomes.

• Assess the model risk management framework of the organization, and controls related to model development, validation, implementation, and ongoing monitoring.

• Effectively manage the ongoing monitoring of the AML screening model by setting performance metrics, acceptable thresholds. Provide insights to the model owner and key stakeholders on the model performance. Engage with model risk management and LOB partners to identify causes when the metrics are in breach.

• Assist in on-boarding new applications / Clients into the Screening platform requiring detailed discussions with various lines of businesses in understanding the nature and type of data received from and assist in data mapping into standard data layout acceptable for Sanctions screening.

• Manage the multiple on-going initiatives from various projects, understand the Screening needs from the cross-LOB projects, provide model or analytical requirements to the projects and track the status of the model development or any analytical support needed for the projects.

• Collaborate with cross-LOB teams to integrate data science solutions into existing AML systems.

• Work with technology teams for requirements / testing and implementing changes to improve / automate processes and stay abreast of industry trends and emerging technologies.

• Communicate work through formal audit templates, reports, as well as through presentations to stakeholders and leaders. Work effectively as a team member with other quantitative analysts or data scientists within the organization or at the company.

Required Skills:

• Master’s or bachelor’s degree in Finance, Economics, Mathematics, Statistics or related quantitative field.

• 5+ years experience in the development, validation, use, and/or auditing AML Models Screening, economic sanctions, transaction monitoring, or fraud detection models.

• Awareness of AI / Machine learning concepts and ability to implement such strategies.

• Excellent analytic, technical, communication and auditing skills.

• Strong understanding of quantitative modelling concepts, financial instruments, and risk assessment methodologies.

• Good experience in Data Analytics and interpretation of large volumes of Data.

• Programming experience with any language like Python, Spark, R, SAS, SQL and related tools such as SQL Server, Toad, PyCharm, Jupyter Notebook, Hue, Beeline.

• Experience with MS Suite and any presentation and visualization tools.

• Experience with Horizon for project management and code control tools such GIT and bitbucket.

Desired Skills and Experience:

• Advanced degrees in a quantitative field.

• Knowledge of Screening programs requirements

• Ability to work with teams spread globally, under pressure, meet deadlines and navigate change.

• Ability to work and interact with people from a diverse range of backgrounds and opinions.

• Experience in Global Banking & Markets business process is a plus

• Experience in screening applications like Fircosoft.

• Certified Anti-Money Laundering Specialist (CAMS)

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.