Senior Quantitative Finance Analyst – Quantitative Developer
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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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
We are a diverse and inclusive workplace, offering competitive benefits to support your physical, emotional, and financial well‑being.
Job Description
As a Senior Quantitative Finance Analyst – Quantitative Developer, your primary focus will be developing, maintaining and testing quantitative risk models used by Global Markets. You will contribute to the three main focuses of the team:
- Process Automation: improving efficiency and reducing operational risk
- Full Revaluation VaR: providing support and in‑depth analysis for the Full Revaluation VaR and FRTB IMA programmes
- Strategic Risk Platform: advising and collaborating with teams across the wider organisation to centralise and better manage risk models and data
Responsibilities
- Perform detailed design and lead development of a market risk system focused on model analysis
- Work at the interface of Technology and Risk Quants
- Collaborate with a broad number of stakeholders across the Bank
- Produce production‑quality code to develop and maintain quantitative risk models
- Clearly communicate outcomes to stakeholders and senior management
- Improve efficiency and reduce operational risk across projects
- Take ownership of systems and changes
- Deliver in‑line with the team’s priorities, GRA’s strategy and stakeholder’s requirements
Qualifications
- Bachelor’s or MSc degree with a quantitative emphasis (mathematics, engineering or computer science)
- Previous experience in derivatives pricing and/or Market Risk
- Track record of designing, leading, and developing complex systems
- Excellent programming ability in Python (object‑oriented, coding standards, test‑driven development)
- Prior financial experience, preferably within a large investment bank
- Strong communication skills and collaborative mindset
- Self‑motivated, proactive and able to run with issues
- Strong attention to detail, intellectual curiosity and commitment to excellence
- A team player able to work with colleagues of diverse experience and backgrounds
Additional Skills that Help
- Python programming experience at a large, multinational bank, using platforms such as Quartz, Athena, SecDb, etc.
- Experience with relational databases, SQL and Tableau
- Experience developing, testing or maintaining risk models such as VaR, FRTB or CCAR
- Familiarity with pricing models
Benefits
- Private healthcare and annual health screening
- Competitive pension plan, life assurance and group income protection cover
- 20 days of backup childcare and adult care per annum
- Flexible benefits to suit personal circumstances (wellbeing account, travel insurance, critical illness etc.)
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
- Employee Assistance Programme for confidential support
- Opportunity to donate to charities directly through payroll, with matching contributions
- Arts & Culture corporate membership and discounted entry to UK cultural institutions
Employment Details
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Finance and Sales
Industry: Banking
Equal Opportunity Employer
We are an equal opportunities employer and ensure that no applicant is subjected 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 origin, 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 request adjustment requirements.
