Senior Quantitative Finance Analyst, AML Model Risk Validation

Job Title: Senior Quantitative Financial Analyst – AML Model Risk Validation
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 hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join our bustling Bromley office, situated in one of London’s greenest boroughs. This job is responsible for conducting quantitative analytics and complex modelling projects for specific business units or risk types. Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
Familiarity and up-to-date knowledge with industry practices in the field Anti-Money Laundering techniques and typologies.
Domain knowledge and familiarity with regulatory landscape including but not limited to model risk management, Anti-money laundering.
Proficiency with Above-the Line and Below- the-Line (ATL/BTL) techniques, Sampling methods, AML Coverage Assessments is a plus.
Advanced knowledge and working experience in statistical methods, techniques, and financial data.
Proficient in Python, SAS and SQL.
Advanced degree (PhD or Masters) in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics, or related fields.

Benefits of working at Bank of America:
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.