What’s Bank of America like in terms of their business, the role, and the work culture?

Well, you’ll be conducting audits to assess how effective the controls are that support the model life cycle. This includes everything from model governance to development, validation, and ongoing monitoring. You’ll also be reviewing model performance and providing insights to management about any control deficiencies or areas for improvement.

You’ll need at least a Bachelor’s degree in a quantitative field like Mathematics, Statistics, Finance, or Engineering, plus 5 years of experience in financial modeling, especially with trading and market risk models. Familiarity with regulations on model risk management is also important.

Actually, having a Master’s degree or prior auditing experience would be a plus. It shows that you’ve got a deeper understanding of the field, which can really help in this role.

You can work in several locations, including Atlanta, Charlotte, Dallas, New York, Newark, Pennington, and Wilmington. So, there are some great options depending on where you’d like to be!

Critical thinking is key, along with skills in quantitative development and validation, and risk analytics. You’ll need to be able to analyze complex data and communicate your findings effectively to management.