Full-Time

Quantitative Operations Associate II

Sanctions Screening Center of Excellence

Updated on 3/14/2025

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

No salary listed

Senior, Expert

Richmond, VA, USA + 2 more

More locations: Charlotte, NC, USA | Dunmore, PA, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 8+ years of Technical, Operations, quantitative financial modelling, or data analytics experience
  • Model Risk Management experience developing model risk frameworks, governance and policies, evidenced by demonstrable improvements
  • Experience in Model risk appetite and Model risk measurement and management
  • Ability to identify Technological implications and solutions that can affect the Model
  • Proficiency in quantitative financial modelling and data analytics
  • Proven ability to work within a team environment and experience managing/developing junior colleagues
  • Excellent communication skills (oral and written), planning, project management, networking and influencing skills
Responsibilities
  • Primary responsibility of role is to take over the handling of all Model related activities and coordination with different stakeholders like Model Risk Management, Global Financial Crimes etc. You will be required to have a strong understanding of the model lifecycle, with demonstrable experience around model development/validation as well as model governance and frameworks.
  • Understand the functionalities, limitations, and complexities of the two models and be able to represent SSCoE in all Internal governance forums / Audit meetings and Regulatory exams.
  • Work with a range of senior stakeholders across various functions including the Model Development, Model Validation, Model Risk Management, Global Financial Crimes (GFC), GFC-Tech, amongst others.
  • Focus on the development of strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics.
Desired Qualifications
  • Advanced degree in physics, applied mathematics, statistics / probability, or another heavy quantitative discipline
  • Experience in Financial Crimes related to Sanctions or AML Compliance
  • Proficiency in SQL, Python, R and/or SAS
  • Broad experience in Data Analytics and interpretation of large volumes of Data
  • Good logical thinking capabilities with a technical mind-set
  • Advanced knowledge in using Microsoft Excel and MS Access
  • Strong project management skills
  • Experience in AI Model Governance

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. One of its key strengths is its position as a leading wealth management firm, as well as its prominence in corporate and investment banking and trading. Unlike many of its competitors, Bank of America combines a vast network of services with a strong focus on both personal and corporate financial needs. The company's goal is to help clients achieve their financial objectives through comprehensive and accessible financial solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital banking boosts Bank of America's online service offerings.
  • Interest in sustainable finance aligns with Bank of America's green investment opportunities.
  • Fintech partnerships enhance Bank of America's customer experience and technological capabilities.

What critics are saying

  • Increased competition in credit facilities may tighten Bank of America's profit margins.
  • Large-scale capital raises by companies could pressure Bank of America to offer better terms.
  • Innovative financial products by competitors may require Bank of America to adapt quickly.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • It serves approximately 56 million U.S. consumer and small business relationships.
  • The bank is a pioneer in wealth management and risk management services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

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