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Tailor your resume to this Data Scientist I - Model Governance - Fraud Prevention and Detection role.

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About the Role

Bank of America is seeking a model validation professional to join the Fraud Prevention and Detection team. This role involves analyzing large datasets to identify revenue generation opportunities and develop risk management strategies, collaborating with stakeholders, and presenting findings. The job requires flexibility, resilience, accountability, a disciplined approach, and a commitment to responsible growth.

Responsibilities

• Performs business analytics, including data analysis, trend identification, and pattern recognition using advanced techniques like machine learning, text mining, and statistical analysis.
• Applies agile practices for project management, solution development, deployment, and maintenance.
• Creates and maintains technical documentation for business requirements and specifications of analytical solutions.
• Manages multiple priorities and ensures quality and timeliness of deliverables such as quantitative models, data science products, and reports.
• Delivers engaging presentations and communicates technical concepts and analysis results to diverse stakeholders.
• Develops professional relationships to foster collaboration on work deliverables.
• Mitigates risk by identifying potential issues and developing controls.
• Researches the latest advances in data science and artificial intelligence to support business analytics.
• Develops advanced technical documentation for internally- and vendor-developed models.
• Works closely with developers to understand model functionality and provide effective challenge.
• Partners with technology and model users to schedule deployments and plan future model installations.
• Works with independent model risk management, legal, and compliance teams to ensure model validation and approval.
• Produces analytics to ensure early model results are consistent with expectations.
• Conducts regular model monitoring and shares performance results and analytical insights with stakeholders.
• Supports Bank policy and governance requirements for Artificial Intelligence models, identifying and mitigating risks.
• Tracks model changes after deployment and ensures documentation reflects adjustments.
• Drives model performance analytics beyond standard requirements, including granular monitoring, trend detection, root cause analysis, and gap analysis.

Requirements

• Quantitative degrees or relevant certifications and experience.
• A minimum of 3 years of experience in model validation or development.
• Experience with model governance, model documentation, model monitoring, and interactions with model risk management functions.
• Strong analytical skills with the ability to investigate performance trends, identify root causes, and recommend solutions.
• Proficiency with SQL and SAS.
• Excellent technical writing skills.
• Critical problem-solving abilities, including data selection and solution deployment.
• Excellent communication and influencing skills.
• Ability to thrive in a fast-paced and highly dynamic environment.
• Intellectual curiosity and a strong urge to understand problem 'whys' and develop creative solutions.

Skills

• Adaptability
• Attention to Detail
• Business Analytics
• Technical Documentation
• Written Communications
• Agile Practices
• Application Development
• Collaboration
• Data Visualization
• DevOps Practices
• Artificial Intelligence/Machine Learning
• Networking
• Policies, Procedures, and Guidelines Management
• Presentation Skills
• Risk Management

Location

• United States of America

Work Type

• Onsite
• Full-time

Experience Level

• 3+ years

Education Level

• Quantitative degrees
• Relevant certifications

Benefits

• Affordable, competitive and flexible benefits
• Opportunities to learn, grow, and make an impact

About the Company

• At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.
• We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day.
• We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.
• We value the unique perspectives individuals bring from all backgrounds and career paths.
• Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
• Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.