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DUTIES:Validate XVA and Counterparty Credit Risk system models and feeder models of counterparty systems developed by Quantitative Strategy Group and Global Risk Analytics, including all asset classes: interest rates, foreign exchange, inflation, equity, commodity, credit, mortgage, as well as collateral exposure modelling. Review the underlying assumptions, theory, derivation, empirical evidence, implementation and limitations of the model being validated. Prepare validation reports and technical documents for the model being validated. Work closely with the model stakeholders (business, market risk, finance/PVG and other control functions) with respect to compensating controls of the models and communication of validation outcomes. Maintain a sub-portfolio of model inventory and perform annual model reviews, on-going monitoring reviews, and required actions items closure. Analyze and evaluate large and complex economic and financial datasets with analytical tools Python, SQL and R. Use big data technologies SQL to manage large volumes of data produced by complex financial forecasting models. Develop and evaluate quantitative modeling and analytics projects in risk analytics and loss forecasting leveraging tools R, and Python; and C++. Validate the suitability of modeling techniques based on the theory and application of Partial Differential Equations for counterparty purposes. Remote work may be permitted within a commutable distance from the worksite.REQUIREMENTS:Master's degree or equivalent in Finance, Statistics, Mathematics, or related; and 3 years of experience in the job offered or a related quantitative occupation. Must include 3 years of experience in each of the following: Analyzing and evaluating large and complex economic and financial datasets with analytical tools Python, SQL and R; Using big data technologies SQL to manage large volumes of data produced by complex financial forecasting models; Developing and evaluating quantitative modeling and analytics projects in risk analytics and loss forecasting leveraging tools R, Python and C++; and, Validating the suitability of modeling techniques based on the theory and application of Partial Differential Equations for counterparty purposes.Req. # 24041815. Job Site: Jersey City, NJ. If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number. No phone calls. EOE.