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Consumer Behavior Modeler I

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Job Details
Job Order Number
Company Name
Bank of America
Physical Address

Wilmington, DE 19806
Job Description

Job Description:

The Team:

The importance and visibility of statistical modeling at Bank of America, while always large, is dramatically increasing. As such, the 100-person Consumer Behavior Modeling team has multiple newly openedpositions. Weare looking to hire excellent statisticians at all stages of their careers.The modeling team offers a compelling combination of professional opportunities. We work on some of the largest, most varied, and most important data in the world. The mathematical sophistication of our models ranges from direct and routine application of standard tools to advanced and even research-level approaches. Our scientific rigor is excellent. We write fully reproducible code and document our work with substantial formal scientific essays. We implement our models and track their performance with advanced multivariate SPC. We get the deepest satisfaction in seeing our models perform as we predicted. We continually train on the latest and most powerful tools.

We work across all products and across all the stages of the customer lifecycle. For example, our models:

+ Set credit limits for 12% of the country’s credit card debt

+ Evaluate the return on our hundred million dollar television advertising investment

+ Correct for the significant selection bias caused by having performance data on approved accounts only

Candidates who have deep skills in applied statistics and communicate with above-average effectiveness are cordially invited to apply.

Job Description:

Responsible for understanding, developing, and extending quantitative models and applications in support of risk, marketing, pricing, and operations.

Key Responsibilities:

+ Conduct all aspects of consumer behavior model development including problem formulation, stakeholder identification, model design, computer programming, data extraction, model estimation, model validation, model documentation, implementation, and monitoring.

+ Understand the deeper issues and independently structure problems.

+ Clearly communicate and champion options and tradeoffs with senior management.

+ Understand the core tradeoffs and biases in selecting a model development sample, and execute on data preparation by extracting and building datasets from complex data warehouses.

+ Design randomized experiments to gather data needed to build still better models.

+ Write efficient computer code using white space, comments, indentation, arrays, control blocks, and modularization.

+ Have a deep understanding of both classical and modern statistical methods and the ability to apply them in practice

+ Connect the use of the model with how it should be validated and monitored.

+ Produce high-quality written model documentation.

+ Design models that can be implemented given corporate constraints, and influence the development of even better platforms to support future models.

+ Manage work streams by breaking down complex projects into steps and communicating timelines to stakeholders.

+ Deliver high performing, fully functioning models.

+ Collaborate with multiple functional groups including risk strategy, model risk management, legal, compliance, and technology.


+ Advanced degree in statistics or related field, such as econometrics, engineering, applied mathematics, the applied sciences, or other heavily quantitative disciplines

+ Advanced programming skills

+ Deep expertise in modern statistical methods

+ Clear and concise oral and written communication

+ 0 – 5 years directly relevant experience

Posting Date : 07/29/2019

Location :

Chandler, AZ, Building D, 2505 W CHANDLER BLVD,



New York, NY, 50 Rockefeller Plaza (NY1050),



- United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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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.

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