Data Scientist II - Consumer Client Protection

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. Join us!

Job Summary:
This job is responsible for reviewing and interpretating large datasets to uncover revenue generation opportunities and ensuring the development of effective risk management strategies. Key responsibilities include working with lines of business to comprehend problems, utilizing sophisticated analytics and deploying advanced techniques to devise solutions, and presenting recommendations based on findings. Job expectations include demonstrating leadership, resilience, accountability, a disciplined approach, and a commitment to fostering responsible growth for the enterprise.

Fraud Prevention and Detection is looking for an experienced model validation professional to join our team and help us combat financial crime.

Responsibilities:

• Enables business analytics, including data analysis, trend identification, and pattern recognition, using advanced techniques to drive decision making and collection data driven insights
• Applies agile practices for project management, solution development, deployment, and maintenance
• Develops and reviews technical documentation, capturing the business requirements, and specifications related to the developed analytical solution and implementation in production
• Manages multiple priorities and ensures quality and timeliness of work deliverables such as quantitative models, data science products, data analysis reports, or data visualizations, while exhibiting the ability to work independently and in a team environment
• Delivers presentations in an engaging and effective manner through in-person and virtual conversations that communicates technical concepts and analysis results to a diverse set of internal stakeholders, and develops professional relationships to foster collaboration on work deliverables
• Supports the identification of potential issues and development of controls
• Maintains knowledge of the latest advances in the fields of data science and artificial intelligence to support business analytics

• Developing advanced technical documentation for an array of internally- and vendor-developed models ranging from regression to sophisticated techniques including XGB and neural networks
• Working closely with developers to understand how the model works and provide effective challenge to not only push back on methodology but also ensure results are accurate
• Partnering with technology and model users to schedule deployments and planning ahead for future model installations
• Working with independent model risk management, legal and compliance teams to ensure models are fully validated and approved for usage
• Producing analytics to ensure early model results look consistent with expectations
• Conducting regular model monitoring and sharing performance results and analytical insights with model stakeholders and users
• Supporting Bank policy for Artificial Intelligence models and ensuring any risks of using advanced techniques are identified and mitigated
• Tracking model changes after deployment and ensure appropriate documentation reflects any adjustments, patches or updates
• Driving model performance analytics above and beyond Model Risk Management policy requirements, including granular performance monitoring, early trend detection, root cause analysis, and gap analysis    

Required Qualifications

• 4+ years of experience in model validation and/or development is required
• Must be proficient with SQL and SAS
• Excellent technical writing skills
• Critical problem solving abilities including selection of data and deployment of solutions
• Proven ability to manage projects, exercise thought leadership and work with limited direction on complex problems to achieve project goals while also working as part of a broader team
• Excellent communication and influencing skills
• Thrives in fast-paced and highly dynamic environment
• Intellectual curiosity and strong urge to figure out the “whys” of a problem and come up with creative solutions

Desired Qualifications

• Advanced Quantitative  degree (Masters or PhD)
• 7+ years of experience working in model validation. 
• Experience in financial services (following SR-11-7 guidance is very desirable)
• Proficiency with Python and Tableau    
   

Skills:

• Agile Practices
• Application Development
• DevOps Practices
• Technical Documentation
• Written Communications
• Artificial Intelligence/Machine Learning
• Business Analytics
• Data Visualization
• Presentation Skills
• Risk Management
• Adaptability
• Collaboration
• Consulting
• Networking
• Policies, Procedures, and Guidelines Management

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Shift:

Hours Per Week: