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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Summary: LossForecastingandStrategyValidationfunctionalareawithinCreditAssistanceorganizationislookingforanenergetic,analytical,organized,andexperiencedindividualwithasolidtrackrecordintakingtheleadroleinprocessandprojectmanagement,analytics,andpreferablymodelingactivities.CreditAssistanceplaysacriticalroleinachievingResponsibleGrowth,andisguidedbyourcommonpurposetohelpmakefinanciallivesbetter.Intheprocess,itiscriticalforustoidentify,measure,mitigateandcontrolrisksassociatedwithouractivitiesandprocesses.TheincumbentalsoplaysanimportantparttoensureCreditAssistanceorganizationisincompliantwiththerelevantbank'sriskmanagementpolicyandframework,specificallyModelRiskManagementandDecisionStrategyGovernance. ThisroleisresponsibleformodelmanagementforCreditAssistance,includingcontrolprocesscreation,assessment,maintenanceandexecution.Specifically,theincumbentisresponsibleformanagingmodelriskrelatedactivities,suchasmodelidentificationtraining,modelidentification,modelinventorymanagement,servingasaliaisonwithMRMandotherpartnersregardingmodel,modelidentification,modeloverlay/overriseandcriticaluseofspreadsheet. Responsibilities: • Modelinventorymanagement,suchaskeepingmodelinventorycurrentandaccurate,conductingquarterlyattestationandrelatedactivities • ModeloverlaymanagementinLossForecasting • ModelidentificationprocessdesignedforCreditAssistanceStrategydevelopment,andchanges • Modelidentificationtraining,leadingandconductingmodelSMEgroupdiscussions,andrelatedactivities • StayingupdatedwhenMRMpoliciesandprocedurechangesthatarerelatedtomodelusers Required Qualifications: • Experienceofworkingwithmodels,familiarwithmodelusesandMRMcontrolpoliciesandprocesses • Strongstrategicthinkingskillswithatrackrecordofbeingabletobreakcomplexproblemsdowntodrawconclusionsandcreateactionplans • StronganalyticskillstoplayakeyroleininfluencingCreditAssistancemodelriskcontrolprocessesandprocedures • Experienceindevelopingoruseofstrategiesthatdecisionsmanagecreditrisks,suchasunderwriting,collections,orfraud • Abilitytoworkacrossfunctionallinesandorganizationallevelstodriveresults • Strongwritten,andverbalcommunicationsskills Desired Qualifications: • Heldmodeldevelopmentormodelriskmanagementroles • Handsontechnicalskillsinprogramminglanguages,suchasSQLandSAS • StrongproficiencywithMicrosoftExcel,PowerPoint,etc. • Experienceincollectionsandrecovery • 5+yearsStrategyManagementexperiencepreferred Skills: • Analytical Thinking • Business Analytics • Data and Trend Analysis • Fraud Management • Problem Solving • Collaboration • Innovative Thinking • Monitoring, Surveillance, and Testing • Presentation Skills • Risk Management • Data Visualization • Interpret Relevant Laws, Rules, and Regulations • Issue Management • Oral Communications • Written Communications Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032) Pay and benefits information Pay range $101,700.00 - $166,900.00 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. Benefits 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.

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