Data modeler serp_jobs.h1.location_city

Description

Responsible for developing quantitative / analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations / data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physics, applied mathematics, statistics / probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations Manager

Responsibilities :

The Global Operations Data Management and Analytics team is looking for a motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and / or analytics. This individual will be responsible for developing and maintaining advanced strategic capacity models that predict operational resource demand and providing recommendations to key stakeholders.

In addition, the position will assist with efforts to ensure the capacity models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills.

Additional responsibilities include :

• Responsible for developing and maintaining capacity and resource optimization models
• Help modernize existing capacity models using advanced simulation and optimization techniques
• Evaluate new opportunities and implement changes for current capacity model inputs, processes, and outputs
• Assist in driving capacity modeling consistency and innovation across team
• Routinely partner with the Front Line Units (FLUs) to generate best-in-class outcomes
• Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Required Skills :

Desired Skills :

Skills :

Shift :

1st shift (United States of America)

Hours Per Week :

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NY - New York - 1133 Ave Of The Americas - 1133 Ave Of The Americas (NY1533)Pay and benefits informationPay range$84,600.00 - $132,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.