Quant jobs / Bank of America

Senior Quantitative Finance Analyst – Model Validation

A senior modelling and validation role in Global Risk Analytics, with the specific work centred on fraud and financial crime models. It also covers market risk stress testing.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Review fraud and financial crime models for conceptual soundness
Build alternative models to test existing ones
Write validation reports covering findings and required actions
Run market risk stress scenarios and explain the drivers
Work with developers and risk partners through the model lifecycle

What they ask for

Required

Advanced quantitative degree
7+ years of model development or validation in fraud or financial crime
Logistic regression and ML methods such as boosting and neural networks
Model evaluation metrics such as ROC, KS and SHAP
Python, SAS, R and LaTeX
Regulatory model validation knowledge
Written documentation skills

Preferred

Bias and fairness testing for ML models

Education: Master's degree in a related field or equivalent experience; advanced quantitative degree
Experience: 7+ years of model development or validation in fraud detection or related financial crime areas
Languages and tools: Python
SAS
R
LaTeX

How to prepare

Build a classification model and evaluate it with ROC, KS and SHAP, then write it up as a validation report
Study model risk governance and regulatory validation standards
Learn how scenario-based market risk stress tests are designed
Practise writing LaTeX technical documentation

What to study

The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Bank of America’s site before applying: requirements, location and pay can change after we check them.

View the posting on Bank of America’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Bank of America and doesn’t handle applications.