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15 views

JD - Model

Uploaded by

16mcmc37
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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At Bank of America, we are guided by a common purpose to help make financial lives better through

the power of every connection. Responsible Growth is how we run our company and how we deliver
for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates
around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire
individuals with a broad range of backgrounds and experiences and invest heavily in our teammates
and their families by offering competitive benefits to support their physical, emotional, and financial
well-being.
Bank of America believes both in the importance of working together and offering flexibility to our
employees. We use a multi-faceted approach for flexibility, depending on the various roles in our
organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make
an impact, along with the power to make a difference. Join us!

Global Business Services


Global Business Services delivers Technology and Operations capabilities to Lines of Business and
Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery
model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational
resiliency, operational excellence, and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI),
a non-banking subsidiary of Bank of America Corporation and the operating company for India
operations of Global Business Services.

Process Overview*

Driving reduced losses and customer friction by performing model validation work on a portfolio of
fraud models
This role supports the Consumer Client Protection organization, and you will partner with vendors,
independent model risk management, technology, and business strategy teams to document,
deploy, and assess performance of fraud models used to reduce losses and minimize customer
disruption.
Responsibilities
The role will be responsible for several key areas:
 Work with vendors and internal modeling partners to develop approval documentation for
new fraud scores and algorithms. This will include a comprehensive write-up on how the
models are built, testing and validation work done, methodology, sampling, performance, etc.
 Conduct periodic model validations on scores, looking for key metrics such as precision,
recall, rank ordering of score performance, detection of PSI and other metrics as needed to
ensure models are performing well and not deteriorating, which could lead to unexpected
fraud losses
 Partner with our Strategies teams to communicate model performance and trends, including
providing key insights into areas where scores are deteriorating or underperforming, so
appropriate adjustments can be made to prevent unexpected losses.
 Work with our partners in Model Risk Management (MRM) to close out any follow-up items
on partially/conditionally approved models
 Form strategic partnerships with MRM to develop best practices for fraud model governance
that satisfy both the need for quick deployments to mitigate risks, but also our internal and
regulatory concerns
 Develop dashboards and MIS to show model performance, trending, and potential issues.
 Support automation initiatives within the team and try to automate repetitive tasks.

Requirements
Education*
 Advanced degree, preferably in Statistics/Mathematics, Computer Science, Engineering or
other quantitative discipline from a premier institute
 Certifications If Any
 Technical certifications in SAS, SQL preferred

Foundational skills*
 6 to 9 years of relevant experience in analytics, with around 2+ year of direct experience in
model risk management. Experience with model development and fraud analytics are
preferred
 Experience in SAS or SQL is required. Knowledge of Python/PySpark is strongly preferred.
Should also have experience with other data extraction tools like Hive, HUE, or Pig.
 Proficiency with visualization software such as Tableau and presentation software such as
PowerPoint
 Excellent communication and organizational skills
 Ability to think outside the box and excellent drive/desire to dig in, learn and make a
difference.

Desired skills
 Bachelor’s degree preferably in a quantitative discipline such as mathematics, statistics,
engineering, computer science, finance, or business. Post graduate degree is a plus.
 U.S financial services experience preferable
 Understanding of business domains like Fraud/Compliance/Risk preferable
Shift Timings: 11:30 AM to 8:30 PM

Location: Mumbai/Hyderabad/GIFT

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