Required and Desired Candidate Qualifications Each of these responsibilities require strong written and verbal communication skills, influencing resources from other teams, and the ability to identify core implications and connections within complex issues. There is also the opportunity to directly conduct analysis and develop new insights. Organizing across teams to ensure need fulfillment.Identifying new topics for analytical inquiry.Identifying needs and requirements from the CLF team which improve the group’s ability to generate insights and understanding of portfolio risk, model accuracy, and forecast reasonability.Identifying requirements needed from key stakeholdersĪnalytical capability development includes:.Tactical build-out of required management information which aide in understanding model performance.The Analyst will identify, lead, and organize strategic change efforts across the forecasting team including new model deployment and analytical capability development. Quantitative Financial Analyst interacts with a wide variety of stakeholders including risk managers, model developers, operations, technology, finance, and capital. It requires a strong understanding of economics, credit, markets and finance with the ability to apply those concepts to data analysis, combining business acumen with analytical skills to asses risk and drive well-informed management decisions. This role plays a critical part in the Bank’s stress testing, financial planning, and risk management activities. Partners with Consumer lines of business, and front line Risk, Allowance, and Finance teams to ensure consistency and appropriateness of the team’s various processes.Manages related infrastructure and processes that enable forecasts and analytics together with Operations.Develops, maintains, and executes select models, quantitative methods, assumptions utilized in loss forecasting and associated tools and reports. Conducts research and analysis to improve understanding and assessment of loan portfolios, models used and forecast results.In order to deliver these insights, the team: This collective output is utilized for allowance setting, financial planning, Comprehensive Capital Analysis & Review (CCAR) submission, and other business decision-making. The primary delivery vehicle is through consumer loss forecasts, for both held-for-investment and sold loan portfolios, as well as actual loan net credit losses and new Troubled Debt Restructurings (TDRs). CLF provides analytical insights, enabling improved Credit Risk management. The Consumer Loss Forecasting (CLF) team is part of Global Risk Analytics (GRA). GRA drives innovation, process improvement and automation across all of these activities. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA is a sub-line of business within Global Risk Management (GRM). Quantitative Financial Analyst within our Global Risk Analytics (GRA) function. We look forward to potentially welcoming you to our dynamic and dedicated team.Bank of America Merrill Lynch has an opportunity for a Sr. For more information about our practice, please visit our website: If you believe you meet these qualifications and are excited about the opportunity to contribute to our team, please submit your application. It is essential to be highly organized, capable of thinking ten steps ahead, and have the ability to envision the big picture with an entrepreneurial mindset.Ī passion for helping others is a must, as you will be in direct communication with our clients. You will thrive in this role if you possess excellent communication skills and have the ability to lead and promote the vision of the clinic. Additionally, the ideal candidate will demonstrate a willingness to learn and grow with our team. The ideal candidate should excel in prioritization, multitasking, and maintain a positive attitude. We are currently seeking an outgoing, detail-oriented, and efficient individual to join our exceptional Admin Team in providing remote support to our psychotherapy practice.
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