Sr Data Scientist

Sr Data Scientist jobs at

Sr Data Scientist

Job Description:

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Manager in our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). 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 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 models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.

Overview of the Team Enterprise Risk Analytics
As a part of Global Risk Analytics (GRA), Enterprise Risk Analytics (ERA) is responsible for the development of cross-business holistic analytical models and tools. ERA consists of the following teams:
  • Economic Scenario Generation (ESG) responsible for the curation and provision of granular macroeconomic and industry forecasts that support various Bank-wide needs
  • Enterprise Portfolio Analytics (EPA) provides portfolio surveillance visualization and analytical tools that supports the Enterprise’s risk appetite & limits decisions for the Bank`s risk and capital frameworks and portfolio management
  • Concentration Risk Capital provides concentration risk analysis for three European Legal Entities to support ICAAP regulatory reporting; as well as benchmark analysis supporting regulatory capital based reporting for various enterprise portfolios
  • Capital Model Management manages capital model governance and performance monitoring.
  • Consumer Compliance Modeling responsible for model development to identify areas of potential compliance risk through Fair Lending modeling and analyzing customer experience
  • Financial Crimes Modeling & Analytics responsible for Global Financial Crimes model development to counter money laundering/terrorist financing, as well as comply with AML, Economic Sanctions and other relevant regulations
  • Industry Research perform industry aligned fundamental analysis to support industry-specific macro variable generation, and perform research on relevant sector themes

Overview of the Role
Enterprise Risk Analytics is seeking a Senior Data Lead with a specialization in credit and financed emissions related data. The position will involve directing and managing other senior level staff in research and development projects involving financed emissions related data. In addition, the manager will provide guidance and thought leadership to other senior level staff across Global Risk and Global Risk Analytics in area of expertise.


Published 2022-01-04

Bank of America looks for a Sr Data Scientist in Charlotte, NC 28202 location.

How much Data Scientist Jobs professional earns at Bank of America?

The proposed salary for Data Scientist Jobs position at Bank of America is Not disclosed.

Sr Data Scientist responsibilities at Bank of America

According to the common industry standard, Data Scientist Jobs specialist is in charge for the following activities.

Required Data Scientist Jobs qualifications at Bank of America

To be disscussed with candidate