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    Director, Senior Quantitative Finance Analyst, AML Model Validator - Charlotte, United States - Bank of America

    Bank of America background
    Full time
    Description

    Job Description:

    Role Description:

    Enterprise Model Risk Management is looking for a Senior Quantitative Finance Analyst with expertise in Anti-Money Laundering (AML) to examine and assess complex models used to detect and mitigate money laundering risks. The ideal candidate should be well-versed in industry best practices and have a deep understanding of current AML methodologies. This role requires a blend of thought leadership and hands-on experience in applying statistical and machine learning models to enhance the bank s AML strategies and systems.

    The key responsibilities include:

    • Conducting independent model validation, annual reviews, ongoing monitoring, required action assessment, and peer reviews.
    • Engaging in governance tasks such as model identification, approval, and breach remediation evaluations.
    • Leading projects focused on statistical modeling and machine learning techniques to effectively influence the direction of strategic initiatives.
    • Collaborating with modeling teams, Front Line Units, internal audit, and regulatory bodies as necessary.
    • Preparing technical reports for various stakeholders, including model developers, senior management, and regulators.
    • Serving as a senior resource on quantitative modeling for Anti-money laundering operations.

    Required Skills:

    • PhD or Masters degree in a quantitative field like Mathematics, Physics, Finance, Engineering, Computer Science, or Statistics.
    • 5+ years of experience in developing and enhancing Anti-Money Laundering models and systems.
    • Familiarity with industry standards and current AML practices.
    • CAMS certification is a plus.
    • Proficiency in Python, SAS, and SQL.
    • Strong verbal and written communication skills to engage stakeholders with varying levels of expertise.

    Shift: 1st shift (United States of America)

    Hours Per Week: 40

     



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