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Bank of America Senior Quantitative Finance Analyst, AML Model Development in Atlanta, Georgia

Senior Quantitative Finance Analyst, AML Model Development

Charlotte, North Carolina;Jersey City, New Jersey; Atlanta, Georgia; Newark, Delaware; Chicago, Illinois

Job Description:

This role is a Senior Quantitative Finance Analyst within the model development team for Anti-Money Laundering (AML) detection models.

These models identify potentially suspicious behaviors for further evaluation by our in-house investigation teams. This area has a unique appetite for a wide scope of model methodologies, from simple rules-based models to advanced machine learning and AI models which facilitates opportunities for both immediate, effective contribution on team priorities and personal development through exposure to advanced modeling techniques. Our statistical toolkit includes various numerical procedures, with a recent emphasis on enhancing custom, AML domain-specific performance testing and evaluation capabilities. Python and PySpark serve as our primary programming languages, in addition to SQL for extracting data from Hadoop and other databases.

  • Responsible for independently conducting quantitative analytics and complex modeling projects.

  • Leads efforts in development of new models, analytic processes or system approaches.

  • Creates documentation for all activities and may work with technology staff in design of any system to run models developed.

  • Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans..

Required Skills:

  • Successful candidates will have a Masters or PhD in Math, Economics, Statistics, or similar discipline, and a minimum 5 years relevant experience.

  • Ability to work in a large, complex organization, and influence various stakeholders and partners

  • Self-starter; Initiates work independently, before being asked

  • Strong team player able to seamlessly transition between contributing individually and collaborating on team projects; Understands that individual actions may require input from manager or peers; Knows when to include others

  • Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences

  • Ability to effectively presents findings, data, and conclusions to influence senior leaders

  • Strong programming skills, e.g. Python, SAS, MATLAB or similar language

  • Strong analytical and problem-solving skills

Desired Skills:

The ideal candidate will possess the following skills and experience

  • Solid understanding of AML and Global Financial Crime modelling techniques

  • Experience with core GRA Model Development Tools (BitBucket, Horizon, PyCharm, JIRA, GRADOC)

  • Broad experience in the design, implementation, and validation of risk models

  • Good understanding of current US regulatory environment, including but not limited to AML


1st shift (United States of America)

Hours Per Week:


Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .