Fraud Model Governance Lead

Job Description:

The Client Protection Organization is looking for a Fraud Model Governance Lead to join our growing team. In this role, you will be responsible for working closely with Model Risk Management, vendors and internal partners and stakeholders to secure usage approval for new or redeveloped fraud scores (both internally- and vendor-produced) as well as conducting regular monitoring on existing models to ensure stable performance. These models will be diverse and include random forest, neural networks/deep learning, image processing, text mining, and other techniques.

This role will also be expected to be integrally involved in the development of models, particularly with internally-developed scores and those produced by vendors with less experience working with Bank of America to ensure that appropriate design principles are being followed so to simplify any required approvals. Candidate will be expected to be familiar with different model types and understand the strengths and weaknesses of each, and provide effective challenge and recommendations to the modeling teams, as well as identifying potential issues (including use of protected class or potential disparate impact scenarios) that could create regulatory risk.

The role will be additionally tasked with working with our MRM partners and the group executive to help customize and enhance model governance routines for fraud. Among key topics to explore will be self-tuning models and AI. As such, the candidate should understand OCC SR 11-7 and stay abreast of regulatory and landscape changes.

This candidate will be expected to work as a lead with a group of other model validation analysts and provide mentorship and coordinate work efforts.

Required Skills: "Must" have these skills to be minimally qualified.

• Bachelor's degree required, preferably in a quantitative discipline such as mathematics, computer science, engineering, statistics, economics, business or finance. Graduate degree strongly preferred.
• Must have 8+ years total professional experience. Of this, 4+ years experience combined in model governance, development or validation type roles, and 2+ years specifically in model governance roles. Strong preference to candidates with expertise in fraud.
• Must have strong knowledge of modeling tools and techniques and experience with programming languages such as SAS, SQL, Python, or R. Should preferably have skill with visualization tools such as Tableau to produce standardized model performance reporting.
• Must have superior organizational, project management and influencing skills, and be comfortable in a fast-paced environment. Should have excellent presentation skills and be capable of communicating with all levels of the organization. Must have prior people management skills.

Posting Date: 12/20/2018

Location: Newark, DE, Deerfield I, 655 Paper Mill Rd, Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD BLDG 600, New York, NY, 50 Rockefeller Plaza (NY1050), Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST, Plano, TX, BUILDING B, 7105 CORPORATE DR, - United States

Travel: Yes, 25% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift