Assistant Vice President; Consumer Behavior Modeler

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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

RESPONSIBILITIES:

• Understand statistical modeling requirements expressed in a technical language and execute per a specified plan and timeline.

• Build basic multivariate statistical models and make logical inferences of relevant statistical assumption.

• Examine and sanitize large amounts of data efficiently.

• Communicate effectively with direct manager and peers.

• Produce accurate documentation with clearly formatted code.

• Present and communicate facts clearly and accurately with team.

• Monitor the ongoing performance of existing models in the bank's inventory.

• Investigate and analyze the impact of changes to the environment, business strategies, or data on the health of models.

• Execute a model, process, and strategy monitoring program, which involves computing performance statistics, interpreting results, and presenting findings to stakeholders.

• Develop predictive models using Python and R.

• Extract data stored in relational databases including Oracle, Teradata, and Hadoop using SQL.

• Derive meaningful information from large and sometimes complicated data sets.

• Perform complex statistical analyses (i) to diagnose model, process, and strategy performance issues and (ii) to address questions from stakeholders.

• Remote work may be permitted within a commutable distance from the worksite.

REQUIRED SKILLS & EXPERIENCE:

• Master's degree or equivalent in Economics, Applied mathematics, Engineering (any), Statistics, or related: and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Executing a model, process, and strategy monitoring program, which involves computing performance statistics, interpreting results, and presenting findings to stakeholders;

• Developing predictive models using Python and R;

• Extracting data stored in relational databases including Oracle, Teradata, and Hadoop using SQL;

• Deriving meaningful information from large and sometimes complicated data sets; and,

• Performing complex statistical analyses (i) to diagnose model, process, and strategy performance issues and (ii) to address questions from stakeholders.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER:  Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 114 W 47TH ST (NY8114)

Pay and benefits information

Pay range

$130,000.00 - $140,000.00 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.