Sr Analyst

Job Description:

Overview (Bank of America overview, BA Continuum India overview, Business Overview):

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses, and institutional investors we serve worldwide. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

Process Overview:

The team in India is an extension of Bank of America’s Global Risk Organization. India team provides analytical and technological support to the Model Risk Management desk.

Job Description:

The bank is looking for a quantitative finance analyst in the Global Technology and Operations (GT&O) Model Risk Management team. The candidate will interact with Model Developers, Model Owners and Global Control Functions to prioritize and complete validation activities and to effectively maintain and oversee the model risk governance processes. The candidate is also expected to provide support to senior management during regulatory and audit exams and submission requirements.

Responsibilities:

The candidate will be responsible for a broad range of model validation activities, including:

• Perform critical assessment and independent testing to challenge models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation.
• Provide hands-on leadership for projects pertaining to statistical modeling and AI/ML approaches.
• Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation.
• Review and critical assessment of ongoing model monitoring activities.
• Writing of technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
• Coaching of junior staff members while leading validation projects.

A large portion of the models that this role may be responsible for reviewing include (but are not limited to) data science and AI/ML including GEN-AI LLM models.

Requirements:

• Education: Advanced degree (Master, PhD) in Statistics, Mathematics, Physics, Applied Sciences, Engineering etc.
• Educational institutes: Top tier – IITs, NITs, Indian Statistical Institutes etc.
• Certifications (preferred but not mandatory): Technical certifications in Python, SAS, SQL,
• Experience Range: 3+ years

Mandatory skills:

• Solid 2+ years of experience in AI/ML including Gen-AI LLM models and statistical modeling techniques, applying AI/ML techniques such as neural networks, random forest, GBM, SVM, Graphical models.
• Strong knowledge of AI/ML, statistics/data science, risk management principles and model risk
• Advanced level with Python, with proficient-or-better skills expected in SAS and SQL.
• Hands on experience with deep learning architectures using open-source toolkits in languages like Python, PySpark, PyTorch and relevant at least 2 years in financial services domain.
• Strong Written and Oral Communication
• Ability to follow up with issues and summarize discussions.
• Ability to communicate clearly, effectively, and work well with people at all levels.
• Ability to work in a fast-paced, dynamic environment is critical.
• Attention to details and willingness to learn.
• Strong work ethic and a team player.

Desired skills:

• Experience of natural language processing (NLP)
• Familiarity with applicable regulatory guidance on model risk management etc.
• Speaking / presentation skills in a professional setting
• Ability to communicate clearly and effectively, and influence others
• Ability to produce high quality technical documentation
• Critical thinking and ability to independently and proactively identify/suggest/resolve issues.

Work Timings: 12 PM – 9 PM IST

Job Location: Mumbai