Quantitative Finance Analyst

2 months ago

Bromley, United Kingdom Bank of America Full time
Job Description:

Job Title: Quantitative Finance Analyst

Corporate Title: up to VP

Location: 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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. 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. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

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 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.

The Team:

The Enterprise Model Risk Management (MRM) organization is responsible for providing oversight of model risk across Bank of America. MRM independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; escalates model use breaches and remediation plans to relevant governance committees; maintains a comprehensive inventory of models across all businesses and governance and control functions; and manages an attestation process to ensure compliance with the Enterprise Model Risk Policy. The MRM Market Risk team validates risk models for the Global Markets business, which includes models for FRTB, VaR, RNiV, IRC/CRM and stress testing.

Role Description:

You will be responsible for conducting quantitative analytics and modelling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:
  • 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
  • Supports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
  • Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
  • Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Supports the 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
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

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 programming skills, e.g., in Python
  • Excellent written and oral communication
  • Critical Thinking
  • Quantitative Development

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

  • Quantitative Finance Analyst

    2 weeks ago

    Bromley, South East London, United Kingdom Bank of America Full time

    Job Description: Job Title: Quantitative Finance Analyst Corporate Title: up to VP Location: 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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and...

  • Senior Quantitative Finance Analyst

    4 weeks ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:Job Title: Senior Quantitative Finance Analyst - Anti Money Laundering (AML)Corporate Title: Up to DirectorLocation: 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. Responsible Growth is how we run our company and how we deliver for our...

  • Senior Quantitative Finance Analyst

    5 days ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:Job Title: Senior Quantitative Finance Analyst - Anti Money Laundering (AML)Corporate Title: Up to DirectorLocation: 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. Responsible Growth is how we run our company and how we deliver for our...

  • Senior Quantitative Finance Analyst

    2 weeks ago

    Bromley, South East London, United Kingdom Bank of America Full time

    Job Description:Job Title: Senior Quantitative Finance Analyst - Anti Money Laundering (AML)Corporate Title: Up to DirectorLocation: 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. Responsible Growth is how we run our company and how we deliver for our...

  • Economic Sanctions Quantitative Finance Analyst

    3 weeks ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run...

  • Economic Sanctions Quantitative Finance Analyst

    2 weeks ago

    Bromley, South East London, United Kingdom Bank of America Full time

    Job Description:This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run...

  • Economic Sanctions Quantitative Finance Analyst

    5 days ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run...

  • Senior Quantitative Finance Analyst

    2 months ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:Job Title: Senior Quantitative Finance AnalystCorporate Title: Up to DirectorLocation: BromleyCompany 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...

  • Senior Quantitative Finance Analyst- Anti Money Laundering

    1 month ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the...

  • OTC Derivatives

    2 weeks ago

    Bromley, United Kingdom CV-Library Full time

    Operations Business Analyst 11738 Duration: 6 months- potential to extend Location: Bromley £59,000 - £61,000 Our well renowned banking client is currently on the market for an Operations Analyst, the role is a hybrid role (3 days in 2 days from home). The position is a 6-month contract with the potential to extend. Our group's...

  • Senior Financial Risk Specialist

    1 week ago

    Bromley, Greater London, United Kingdom Pontoon Full time £59,000 - £61,000

    Job Title: Senior Financial Risk SpecialistJob Summary: We are seeking a highly skilled Senior Financial Risk Specialist to join our team at Pontoon. The successful candidate will be responsible for managing financial risk and ensuring compliance with regulatory requirements.Key Responsibilities:* Manage financial risk and ensure compliance with regulatory...

  • Intership Program at Educate 2 Trade

    4 months ago

    Bromley, United Kingdom Educate2trade Full time

    **About Educate2Trade**: Educate2Trade stands as a leading financial trading company, dedicated to serving both novices and seasoned traders alike. We specialize in comprehensive coverage of diverse financial markets and an array of trading strategies. Our core mission is to empower individuals by imparting practical knowledge and skills crucial for...

  • Wholesale Credit Administration

    5 months ago

    Bromley, United Kingdom Bank of America Full time

    **Job Title**: Wholesale Credit Administration **Corporate Title**: Analyst/Associate **Location**: 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. Responsible Growth is how we run our company and how we deliver for our clients, teammates,...

  • Solution Architect

    1 month ago

    Bromley, United Kingdom CV-Library Full time

    Solution Architect** (Contract) Duration: 6 Months (Possibility for extension) Location: Bromley/Hybrid (3 days per week on site) Rate: A highly competitive Umbrella Day Rate or Salary is available for suitable candidates Role Profile Are you an experienced Solution Architect with a passion for working in the fast-paced environment of investment...

  • Solution Architect

    2 months ago

    Bromley, United Kingdom Pontoon Full time

    Solution Architect** (Contract)Duration: 6 Months (Possibility for extension)Location: Bromley/Hybrid (3 days per week on site)Rate: A highly competitive Umbrella Day Rate or Salary is available for suitable candidatesRole ProfileAre you an experienced Solution Architect with a passion for working in the fast-paced environment of investment banking? We are...

  • Data & Insights Manager

    4 weeks ago

    Bromley, United Kingdom Lakeland Dairies Full time

    Data & Insight Manager – BromleyLakeland Dairies Co-operative Society Limited (The Group) is the second largest dairy processor on the island of Ireland. The business is complex and ambitious with a milk supply pool of 2 billion litres of milk, drawn from over 3,200 family farms across 16 counties, and annual revenues of almost €2 billion in 2022. With...

  • PMO & Delivery Team Leader - Maternity Cover

    5 months ago

    Bromley, United Kingdom Foresters Financial Full time

    **Summary of Role** Reporting to the PMO & Delivery Manager, you will be providing PMO leadership and support for project & systems deliveries across the organisation. You will be responsible for helping to deliver our strategy and managing a broad range of projects to agreed schedules, costs, scope, and quality. You will also govern and co-ordinate the IT...

  • Director, Corporate Development

    4 days ago

    Bromley, United Kingdom Ripple Labs Full time

    At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments and developers, we are improving the global financial system and creating greater economic fairness and opportunity for more people, in more...

  • Climate Model Validation Specialist

    2 months ago

    Bromley, United Kingdom Bank of America Full time

    Job Description:Job Title: Climate Model Validation SpecialistCorporate Title: Vice PresidentLocation: BromleyCompany 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...

  • Climate Model Validation Specialist

    2 weeks ago

    Bromley, South East London, United Kingdom Bank of America Full time

    Job Description:Job Title: Climate Model Validation SpecialistCorporate Title: Vice PresidentLocation: BromleyCompany 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...