Job Description
Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.
Responsibilities:
The qualified candidate will be responsible for model independent validation and peer review of all newly developed complex predictive models to ensure they follow best modeling practices and are in compliance with Model Risk Management Policy, Procedures, and FRB/OCC requirements. This will involve understanding the purpose of the model, how it works, how well it performs, and what effective challenges are to the current model. The scope of the role will cover all quantitative models used by the Global Wealth & Investment Management (GWIM) division, included but not limited to Simulation, Predictive Analytics/Forecasting, and Valuation Models. Ability to communicate clearly, effectively, and work well with people is a key requirement. The qualified candidate will work cross-functionally to enforce processes and to integrate more effective model validation processes.
Requirements:
Education: Masters or Ph.D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or Economics, Top tier – IITs, NITs, Indian Statistical Institutes etc.
Certifications (preferred but not mandatory): FRM, CFA etc.
Experience Range: 4 – 7 years
Foundational skills:
Strong Quantitative skills –
Have a deep understanding and knowledge of modeling process and model performance measures and to perform effective challenges to the current models
Have a good Knowledge of asset allocation, portfolio optimization, derivative pricing, simulation, statistical modeling, and stress testing
Understanding of Artificial Intelligence / Machine Learning
Proficient in MATLAB, Python and R.
Ability to follow up with issues and summarize discussions
Ability to communicate clearly, effectively, and work well with people at all levels
Attention to details
Willingness to learn
Strong work ethic
Team player
Desired skills:
Responsibilities:
The qualified candidate will be responsible for model independent validation and peer review of all newly developed complex predictive models to ensure they follow best modeling practices and are in compliance with Model Risk Management Policy, Procedures, and FRB/OCC requirements. This will involve understanding the purpose of the model, how it works, how well it performs, and what effective challenges are to the current model. The scope of the role will cover all quantitative models used by the Global Wealth & Investment Management (GWIM) division, included but not limited to Simulation, Predictive Analytics/Forecasting, and Valuation Models. Ability to communicate clearly, effectively, and work well with people is a key requirement. The qualified candidate will work cross-functionally to enforce processes and to integrate more effective model validation processes.
Requirements:
Education: Masters or Ph.D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or Economics, Top tier – IITs, NITs, Indian Statistical Institutes etc.
Certifications (preferred but not mandatory): FRM, CFA etc.
Experience Range: 4 – 7 years
Foundational skills:
Strong Quantitative skills –
Have a deep understanding and knowledge of modeling process and model performance measures and to perform effective challenges to the current models
Have a good Knowledge of asset allocation, portfolio optimization, derivative pricing, simulation, statistical modeling, and stress testing
Understanding of Artificial Intelligence / Machine Learning
Proficient in MATLAB, Python and R.
Ability to follow up with issues and summarize discussions
Ability to communicate clearly, effectively, and work well with people at all levels
Attention to details
Willingness to learn
Strong work ethic
Team player
Desired skills:
💡 Quick Summary
Seeking a career-building opportunity? The Associate | Bank of America | | Maharashtra position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
