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Location Mumbai, India
Posted 03-July-2022
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview

At Bank of America, models are used for a broad range of activities, including but not limited to valuation, risk management, Anti-money laundering, Fair lending, liquidity planning, stress testing, underwriting, technology and operations and other strategic or day-to-day decision-making purposes. Bank of America recognizes the risk and uncertainty associated with the use of its models and the need to effectively manage this risk both at an individual level and in the aggregate. The Model Risk Management (MRM) Team provides oversight for model development and risk management across Bank of Americas model inventory. The MRM Team independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; and escalates model use breaches and remediation plans to relevant governance committees.


The Quantitative Finance Analyst will be working as a validator in Model Risk Management in Consumer models. The role is especially designed to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in statistics and AI/machine learning and Consumer/Commercial technology and operations.


Performing all model validation tasks including but not limited to independent model validation, annual model review, ongoing monitoring report review, required action item review
Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.
Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defense (e.g. internal audit).


Exp range: 10 years

Education: PhD or Masters in mathematics, statistics, computer science, and/or engineering, or possess a graduate degree in finance and/or economics with strong quantitative skills.

Foundational Skills:

Familiar with machine learning platforms/software (e.g., Python / sklearn, XGBoost, and R), algorithms, and techniques; and proficient in at least one of the following languages and statistical packages: SAS, R, and Python (ideally).
Strong knowledge of financial, mathematical and statistical theories and practices, and a deep understanding of the modeling process, model performance measures, and model risk.

Desired Skills:-

Strong written and verbal communication skills
Min 10 to 13 Years.

Awards & Accolades for MyTechLogy
Winner of
Top 100 Asia
Finalist at SiTF Awards 2014 under the category Best Social & Community Product
Finalist at HR Vendor of the Year 2015 Awards under the category Best Learning Management System
Finalist at HR Vendor of the Year 2015 Awards under the category Best Talent Management Software
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