What you'd actually do

Conduct audit assessment of the company’s AI governance framework and routines.

Conduct audit assessment of effectiveness of controls supporting the use of AI models and applications such as AI model life cycle including model governance, development, validation, on-going monitoring, and model change management.

Perform review of model development analysis and on-going model performance testing to assess the conceptual soundness of the AI model methodology, reasonableness of the model assumptions and the completeness and accuracy of the model testing.

Conduct review of the AI model validation analysis to assess the effectiveness of the model validation process.

Assess the completeness and reasonableness of the model assumptions, limitations and independent model testing.

Skills

Required

Bachelor's degree or equivalent in Economics, Mathematics, Statistics, Computer Science, Finance, or related
2 years of experience in quantitative finance or related quantitative occupation
2 years of experience utilizing current modeling and data science principles including time-series analysis, machine learning and deep learning to develop and implement modeling frameworks
2 years of experience directly interacting with model developers/validators and working as a developer/validator for models, using principles from the end-to-end model life cycle and ensuring accuracy and appropriateness of data consumed by or used to develop a model
2 years of experience developing and evaluating quantitative modeling and analytics projects, using coding languages including Python and Microsoft Access
2 years of experience utilizing deep knowledge of model risk management regulations and principles and the model life cycle management to implement models and assess the effectiveness of the management controls

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. 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. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

**Responsibilities **

Conduct audit assessment of the company’s AI governance framework and routines.
Conduct audit assessment of effectiveness of controls supporting the use of AI models and applications such as AI model life cycle including model governance, development, validation, on-going monitoring, and model change management.
Perform review of model development analysis and on-going model performance testing to assess the conceptual soundness of the AI model methodology, reasonableness of the model assumptions and the completeness and accuracy of the model testing.
Conduct review of the AI model validation analysis to assess the effectiveness of the model validation process.
Assess the completeness and reasonableness of the model assumptions, limitations and independent model testing.
Provide insightful challenges to management, identify control deficiencies or enhancement opportunities, conduct root cause investigation, documents and reports audit findings.
Work closely with teammates from multiple internal audit teams to ensure a comprehensive coverage of model uses across the various lines of business of control functions.
Work closely with model stakeholders and senior management with regard to communication of audit assessment outcomes.
Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

Bachelor's degree or equivalent in Economics, Mathematics, Statistics, Computer Science, Finance, or related: and
2 years of experience in the job offered or a related Quantitative occupation.
Must include 2 years of experience in each of the following:
Utilizing current modeling and data science principles including time-series analysis, machine learning and deep learning to develop and implement modeling frameworks;
Directly interacting with model developers/validators and working as a developer/validator for models, using principles from the end-to-end model life cycle and ensuring accuracy and appropriateness of data consumed by or used to develop a model;
Developing and evaluating quantitative modeling and analytics projects, using coding languages including Python and Microsoft Access; and,
Utilizing deep knowledge of model risk management regulations and principles and the model life cycle management to implement models and assess the effectiveness of the management controls.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER: Bank of America N.A.

Shift:

1st shift (United States of America)

**Hours Per Week: **