Quantitative Finance and Analytics Manager
Company: Disability Solutions
Location: Charlotte
Posted on: April 20, 2024
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Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for
leading a team to develop or validate quantitative analytics and
models for specific business units or risk types. Job expectations
include supporting business units and acting as a subject matter
expert on specified quantitative modeling techniques, as well as
serving as the first or second line of defense overseeing model
performance, model risk, and model governance on critical model
portfolios.Team Description: On a quarterly basis, members of the
Quantitative Finance and Analytics Team run models, perform
in-depth analysis, prepare summary results and presentation
materials, which are presented to Finance and Business partners for
approval. Also, the Quantitative Finance and Analytics Team
discusses forecasts derived using statistical models with technical
and non-technical audiences, including presenting financial results
in a non-technical manner to Heads of Business and Senior
Management. In addition, the team helps work through the model
validation process and maintains process documentation, as required
for internal governance or regulatory requirements. The results are
used in deliverables for the CCAR (Comprehensive Capital Analysis
and Review), the Federal Reserve's annual assessment of the capital
adequacy for the largest and most complex U.S. Banks, and OCC's
equivalent DFAST requirement. Both mid-year and year-end reporting
is required, and is completed through the compilation of FR Y-14A
reporting templates and supporting documentation. The role is for a
Quantitative Finance Manager to manage the Quantitative Finance and
Analytics Team. This is an excellent opportunity for growth, as
this team interacts across all of GBAM's business units, including
Lines of Business, Finance, Risk, and other support
partners.Responsibilities:
Keywords: Disability Solutions, Greenville , Quantitative Finance and Analytics Manager, Accounting, Auditing , Charlotte, South Carolina
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