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Risk Analysis Specialist II

Bank of America | Glendale CA 91203 USA | Full Time | Posted: 11/12/2019

Job Descriptiontop

Job Description:

Responsible for performing complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports for senior mgt. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling.

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

Job Description

The Collateral Valuation Services team uses economic reasoning along with computational and statistical methods to analyze very large data sets in order to develop and manage models associated with the valuation of residential real estate. In this role the associate will be responsible for enabling analysis, modeling, and optimization through producing information products and be actively involved in the research and development efforts. The ability to create sophisticated, value-added analytic systems that support risk management, operational efficiency, regulatory compliance, portfolio management, and research. These systems must overcome issues of complex data (e.g., VLDB, multi-structured, big data, etc.) as well as deployment of advanced techniques (e.g., machine learning, text mining, statistical analysis, etc.) to deliver insights. Responsible for adoption of enterprise information products through clearly communicating how enterprise information products answer material banking questions leading to decisions and actions.

Qualified candidates must be able to work independently to provide sound economic reasoning, statistical analysis and deliver high quality modeling insights as well as modeling documentation. The ideal candidate is self-directed, collaborative, analytical, and proactive in execution and problem resolution.  Specific tasks include:

  • Develop and design best in class models for valuation of Residential Real Estate.
  • Develop and design best in class market intelligence applications that support decision making in the residential real estate space.
  • Collaboration with Enterprise Model Risk Management to quickly and efficiently resolve outstanding issues and support documentation as required.
  • Test new statistical tools and packages

Required/Desired Skills:

  • Master's Degree and 2+ yrs experience required
  • Expert knowledge of classical statistical techniques such a linear regression and maximum likelihood regression
  • Expert knowledge of machine learning and AI methods including CART, Ridge/LASSO, and Random Forests
  • Creating complex custom data queries in SQL
  • Creating complex data models in R, or Python
  • Creating complex data visualizations in Tableau

Shift:

1st shift (United States of America)

Hours Per Week:

40

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Location Glendale, CA, 91203, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 19071303
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