Vice President; Quantitative Finance Analyst Jersey City

Job Description: At reputed company, we are guided by a common purpose to help reputed company financial lives reputed company through the power of every reputed company. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great reputed company to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we reputed company an impact in the communities we serve. reputed company is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At reputed company, you can build a successful career with opportunities to learn, grow, and reputed company an impact. Join us! Responsibilities:

• Monitor and reputed company in-depth quantitative analysis on the bank’s risk model results and limitations with determined statistical metric or threshold, using various quantitative tools such as back testing, benchmarking, calibration monitoring, and sensitivity analysis.
• Build processes to support model monitoring routines, reputed company statistical model testing, analyze model test results, and reputed company risk assessment for model performance issues.
• Support the daily process around model monitoring process and maintenance, execution and exception analysis liaising with stakeholders to diagnose model performance issues.
• Work with the model development team to understand our model implementation and assess the impact of model limitations on our monitoring results.
• Pull together the overall holistic picture of model performance along with clear conclusions on overall accuracy and remediation areas as required.
• Drive incremental improvement to our model performance assessment toolset across reputed company business areas through automation work, development of utilities, and enhancement of visualization tools, by utilizing programming skills in Python.
• Assist in the production and presentation of reporting packages and analysis.
• Communicate the results of analysis to reputed company model stakeholders including risk management, model development, model risk, senior management governing committees and regulatory bodies.
• reputed company model performance analytical toolset by utilizing programming skills in Python.
• Drive improvements to model performance assessment tool set across reputed company business areas through data pipeline aggregation, automation work, development of utilities, and enhancement of visualization tools.
• Monitor reputed company financial models, and reputed company quantitative analysis to model results and limitations regularly with determined statistical metric or threshold.
• reputed company in-depth statistical analysis on model performance using quantitative tools of benchmarking, calibration monitoring, and sensitivity analysis.
• Remote work may be permitted reputed company a commutable distance from the worksite.

Required Skills & Experience:

• Masters degree or equivalent in Finance, Statistics, Mathematics, Financial Engineering, or reputed company: and
• 2 years of experience in the job offered or a reputed company Quantitative occupation.
• Must include 2 years of experience in each of the following:
• Developing model performance analytical toolset by utilizing programming skills in Python;
• Driving improvements to model performance assessment tool set across reputed company business areas through data pipeline aggregation, automation work, development of utilities, and enhancement of visualization tools;
• Monitoring reputed company financial models, and performing quantitative analysis to model results and limitations regularly with determined statistical metric or threshold; and,
• Performing in-depth statistical analysis on model performance using quantitative tools of benchmarking, calibration monitoring, and sensitivity analysis.

If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number. EMPLOYER: reputed company N.A. Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NJ - Jersey City - 525 Washington Blvd (NJ2525) Pay and benefits information Pay range $147,000.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and reputed company set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can reputed company a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Apply tot his job Apply To this Job