Senior Quantitative Finance Analyst

Job Description:

Job Title:Senior Quantitative Finance Analyst

Corporate Title:Up to Director

Location:London or Bromley

Company Overview:

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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

Location Overview:

Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Role Description:

This job is responsible for leading quantitative validations and complex modelling projects for specific business units or risk types as well as managing regulatory projects on behalf of the EMEA MRO. Key responsibilities include leading key VaR validations in the MLI, leading and driving MLI related regulatory projects like ICAAP on behalf of MRM and acting us the MLI MRO delegate.

Responsibilities:

• Support the EMEA Model Risk Officer (MRO) in regulatory projects like ICAAP and other EMEA related MRM regulatory projects
  
• Support the MLI MRSC forum
  
• Work in a team and collaborate with model developers and other validators to perform full scope and limited change validations.
  
• Review the developer's ongoing monitoring reports and their submissions to required action items.
  
• Perform annual model reviews.
  
• Participate a in EMEA regulatory projects like ICAAP and coordinate/drive activities on behalf of MRM
  
• Act as the regional MRO's delegate in MLI
  

What we are looking for:

• Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering
  
• Excellent knowledge of financial, mathematical and statistical theories and practices
  
• Excellent programming skills, e.g., in Python
  
• Excellent written and oral communication
  
• Attention to detail, willingness to learn, excellent work ethic, team player
  

Skills that will help:

• Experience with market risk models such as VaR, IRC/CRM or FRTB; knowledge of market risk regulations
  

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
  
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  
• Access to an Employee Assistance Program for confidential support and help for everyday matters
  
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
  
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
  

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Learn more about this role