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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for directing a team of finance managers to develop or validate quantitative analytics and models for specific business units or risk types. Job expectations include directing activity in their region to support business units and acting as a subject matter expert on specified quantitative modeling techniques, as well as serving as the first or second line of defense overseeing model performance, model risk, and model governance on critical model portfolios.

Responsibilities:

• Directs a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams
• Sets quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation, while providing oversight to managers on reviews
• Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Coordinates team projects, while managing and providing guidance to senior level staff on areas of expertise

Skills:

• Business Acumen
• Critical Thinking
• Project Management
• Regulatory Relations
• Talent Development
• Policies, Procedures, and Guidelines Management
• Risk Management
• Stakeholder Management
• Strategic Thinking
• Technical Documentation
• Drives Engagement
• Inclusive Leadership
• Risk Analytics
• Risk Modeling
• Written Communications

Required Education, Skills, and Experience:
• Strong academic background in econometrics or statistics (M.S. or PhD in a STEM/Economics field)
• Solid 10+ years of work experience in developing Mortgage behavioral models (Prepayment, Rates, CMBS, Pipeline, etc.)
• Strong attention to detail, excellent communication skills and ability to work well in a cooperative, time-sensitive, market-driven environment
• Advanced programming experience in one or more of the following languages: Python, SQL, R, Spark
• Effective thinking skill to be able to independently and proactively identify/suggest/resolve issues

Desired Skills and Experience
• Expert understanding of Mortgage Markets
• Strong project management experience
• Work experience within the Asset and Liability modelling space
• Places value on process automation with an eye for reproducibility of results
• Experience with computational and simulation methods
• Experience working within a Unix/Linux environment"

Shift:

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