Modeling Data Science Analyst
Click the Facebook, Google+ or LinkedIn icons to share this job with your friends or contacts. Click the Twitter icon to tweet this job to your followers. Click the link button to view the URL of the job, which then can be copied and pasted into an e-mail or other document.
Newark, DE 19713
This role will use economic reasoning along with computational and statistical methods to analyze very large data sets in order to develop and manage models associated with Consumer Credit Underwriting. In this role the associate will be responsible for enabling analysis, modeling, and optimization through producing information products and be actively involved in the research and development efforts. The ability to create sophisticated, value-added analytic systems that support risk management, operational efficiency, regulatory compliance, portfolio management, and research. These systems must overcome issues of complex data (e.g., VLDB, multi-structured, big data, etc.) as well as deployment of advanced techniques (e.g., machine learning, text mining, statistical analysis, etc.) to deliver insights. Responsible for adoption of enterprise information products through clearly communicating how enterprise information products answer material banking questions leading to decisions and actions.
Qualified candidates must be able to work independently to provide sound economic reasoning, statistical analysis and deliver high quality modeling insights as well as modeling documentation. The ideal candidate is self-directed, collaborative, analytical, and proactive in execution and problem resolution. Specific tasks include:
+ Develop and design best in class models
+ Develop and design best in class market intelligence applications that support decision making
+ Collaboration with Enterprise Model Risk Management to quickly and efficiently resolve outstanding issues and support documentation as required
+ Test new statistical tools and packages
+ Expert knowledge of classical statistical techniques such a linear regression and maximum likelihood regression.
+ Expert knowledge of machine learning and AI methods including CART, Ridge/LASSO, and Random Forests.
+ Creating complex custom data queries in SQL
+ Creating complex data models in R, or Python.
+ Creating complex data visualizations in Tableau
Responsible for developingquantitative/analyticmodels 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 physics, applied mathematics,statistics/probabilityor another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations Manager
Posting Date : 04/18/2019
Newark, DE, Deerfield V, 655 Paper Mill Rd,
Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
Assistance for Applicants with Disabilities
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .
Diversity & Inclusion
At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Frequently Asked Questions
Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.