Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.
Job Title: Economic Sanctions Quantitative Finance Analyst
Corporate Title: up to VP
Location: Bromley
Company Overview:
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.
The Team:
As a part of Global Risk Analytics, Global Financial Crimes Modelling and Analytics is responsible for enterprise-wide financial crime model development and implementation, ongoing performance monitoring and optimization, data usage, and research and development utilizing advanced analytical tools and systems. The Global Financial Crimes Modelling and Analytics team is made up of seven sub-teams. GFCMA Economic Sanctions and Screening team is responsible for models that scan entities and transactions against sanctions watchlists as well as the models used to identify customers as part of the KYC process.
Role Description:
The Global Financial Crimes Modelling and Analytics - Quantitative Finance Analyst will work within the team to develop models and analytics using a range of modelling techniques.
Responsibilities:
* Designing and implementing models and analytics in Python, using both machine learning and statistics.
* Measuring model performance using a range of established techniques.
* Analysing datasets and interpreting results using both qualitative and quantitative approaches.
* Documenting models and analytics using formal mathematics.
What we are looking for:
* Graduate degree in quantitative discipline (e.g. Mathematics, Engineering, Physics or other STEM subject)
* Work experience in model development, statistical work, data analytics or quantitative research; or PhD
* Effectively creates a compelling story using data;
* Able to make recommendations and articulate conclusions supported by data
* Excellent Programming skills e.g. R, Python, SAS, SQL, R or other languages
Desired Skills and Experience:
* Experience with complex data architecture, including modelling and data science tools and libraries, data warehouses, and machine learning
* Knowledge of predictive modelling, statistical sampling, optimization, machine learning and artificial intelligence techniques
* Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis
* Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions
* Experience with data analytics tools (e.g., Alteryx, Tableau)
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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