Analytics Model Engineer
Posted on: 18 Jan 2021
Jersey City, New Jersey
Job Description
Job Description:
Position Summary
Key Responsibilities
Work with business SMEs to understand data requirements and translate them into predictive models and analytical tools.
Develop state-of-the-art software tools to collect, and analyze large volumes of structured and/or unstructured data to streamline business processes.
Apply techniques in natural language processing and applied mathematics to develop text classification tools to automate the existing manual review of the documents.
Present information using data visualization techniques and communicate findings and mine useful insights.
Assess the effectiveness and accuracy of new data sources and data gathering techniques.
Develop processes and tools to monitor and analyze model performance.
Required Skills
Education/Experience
Required: Candidate must possess an advanced graduate degree in Engineering, mathematics, statistics, computer science, actuarial science, economics or related technical field. Strong background in machine learning, hypothesis testing, regression analysis, statistics, or probability at the graduate school level or higher, as well as experience creating predictive analytics with noisy data. Background in text analytics, news aggregation and natural language processing.
1-2 years of experience and knowledge in the field of quantitative research and the specialized area of financial engineering, data science, or risk analytics as it relates to the securities industry. Knowledge of predictive model development and oversight.
Experience with and ability to work with data including rapid prototyping and coding skills using common data scientist tools (e.g., Python/R, Plotly, Shiny, Presto, Tensorflow, Keras, pyTorch)
Strong knowledge of advanced statistical methods, Bayesian learning techniques, pattern recognition and outlier detection algorithms, and predictive modeling methods including decision trees and random forest approaches..
Desired Skills
Knowledge of financial engineering to develop, maintain and/or validate models used for forecasting, valuation, instrument and strategy selection, portfolio construction, and risk management covering a wide range of financial instruments, including equities, fixed income, currencies, futures, commodities, and/or derivatives Proficient communication skills and experience writing model documentation
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
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IndustryBanking/Financial Services
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No. of Employees205,000
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Website
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Jobs Posted2694
