At Bank of America, models are used for a broad range of activities, including but not limited to valuation, risk management, capital and liquidity planning, stress testing, underwriting 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 risk across Bank of America's 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.
Enterprise Model Risk Management seeks a quantitative finance analyst to conduct independent testing and review of complex models. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.
Responsible for a broad range of model validation activities, including:
Shift:1st shift (United States of America)
Hours Per Week:40
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