Sr. Quantitative Finance Manager

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Responsibilities Directs a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams Sets quantitative work priorities in line with the bank’s overall strategy and prioritization Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation, while providing oversight to managers on reviews Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise’s risk appetite Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes Coordinates team projects, while managing and providing guidance to senior level staff on areas of expertise Overview of Global Risk Analytics Global Risk Analytics is a sub-line of business within Global Risk Management. GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective Risk and Capital measurement, management and reporting across Bank of America. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. The team drives innovation, process improvement and automation across all of these activities. Overview of Model Standards and Oversight The Model Standards and Oversight team provides standards and oversight for GRA that ensure it operates effectively and efficiently, and output is delivered to a high standard and within a robust governance framework. You will be responsible for: Raising model performance monitoring standards across GRA Helping better identify model weaknesses and anticipate development needs Driving efficiency in performance monitoring activities Adjusting GRA’s monitoring framework as needed to cater to upstream model risk policy changes The successful candidate will possess the following: A proven ability to challenge the status quo, influence and collaborate An understanding of the model development and use lifecycle An understanding sound model development and use practices and associated regulatory drivers such as SR26-2 Strategic and critical thinking Good interpersonal skills, communication skills and an ability to influence at all levels of seniority Strong analytical and problem-solving skillsAttention to detail Skills: Business Acumen Critical Thinking Project Management Regulatory Relations Talent Development Policies, Procedures, and Guidelines Management Risk Management Stakeholder Management Strategic Thinking Technical Documentation Drives Engagement Inclusive Leadership Risk Analytics Risk Modeling Written Communications Shift Shift and Hours Shift: 1st shift (United States of America) Hours per week: 40 Pay and Benefits Pay Transparency details US - NJ - Jersey City - 525 Washington Blvd (NJ2525) Pay and benefits information Pay range $203,000.00 - $323,700.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Privacy Statement: Employer Vision and Culture 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. Pay Transparency Pay Transparency: #J-18808-Ljbffr