Make more Creative Job Post Content< Quantitative Operations Associate II - Sanctions Screening Center of Excellence

 - Responsibilities:

At Bank of America, we believe in making financial lives better through the power of every connection. Guided by a common purpose and driven by responsible growth, we deliver value for our clients, teammates, communities, and shareholders. Join us and build a successful career in an inclusive environment that offers ample opportunities to grow, learn, and make a meaningful impact!

What You'll Do:
The Quantitative Operations Associate II is an integral part of our Sanctions Screening Center of Excellence (SSCoE), playing a key role in driving forward the firm’s risk management efforts. You’ll develop quantitative models and strategies to improve the organization’s risk reporting, while collaborating with a wide range of stakeholders to ensure the smooth functioning of Bank of America’s sanctions screening efforts.

Key Responsibilities:

• Model Ownership: Manage and coordinate all aspects of model-related activities, including development, validation, governance, and frameworks, ensuring alignment with SSCoE standards.
• Collaboration Across Teams: Engage with Model Risk Management, Global Financial Crimes (GFC), Model Development, and other senior stakeholders to enhance model risk appetite and governance.
• Sanctions Compliance: Use advanced models for sanctions screening to review and ensure compliance with the firm’s Economic Sanctions Program across products and services.
• Policy & Strategy Development: Drive the creation of operational guidelines, strategies, and metrics related to sanctions screening for the bank’s diverse financial products.
• Continuous Improvement: Identify technological opportunities and solutions that impact the model, ensuring a cycle of continuous improvement.

What You Bring to the Table:

• Experience:

  • 8+ years in technical operations, quantitative financial modeling, data analytics, or related fields.
  • Demonstrable experience in Model Risk Management, including developing risk frameworks, governance, and policies.
  • Strong understanding of model life cycles, validations, and model governance.

• Technical Skills:

  • Expertise in quantitative financial modeling and data analytics.
  • Proficiency in tools like SQL, Python, R, SAS, and advanced Microsoft Excel and MS Access.
  • Familiarity with AI Model Governance and large data analytics.

• Desired Qualifications:

  • Advanced degree in physics, applied mathematics, statistics/probability, or another quantitative discipline.
  • Background in Financial Crimes, Sanctions, or AML Compliance.
  • Strong project management and stakeholder management experience.

• Core Skills:

  • Analytical thinking, data visualization, trend analysis, risk management, problem-solving, and attention to detail.
  • Strong collaboration, communication, and presentation skills.
  • Proven ability to manage and develop junior colleagues while working effectively within a team environment.

Why Join Us?

• Career Development: At Bank of America, you'll have access to countless opportunities to expand your skills and advance your career in a rapidly evolving financial landscape.
• Inclusive Culture: We believe in a diverse and inclusive workplace that drives creativity and innovation. Your ideas and contributions will be valued.
• Mission-Driven Impact: You’ll be part of a critical team ensuring compliance and mitigating financial crime, all while contributing to the success of a global financial leader.