Risk Modeling Analyst

1 week ago

Beckenham, Greater London, United Kingdom Bank of America Full time
Job Description

Role Overview:

We are seeking a highly skilled Quantitative Finance Specialist to join our team at Bank of America. As a Quantitative Finance Specialist, you will be responsible for conducting quantitative analytics and modeling projects for specific business units or risk types.

Key Responsibilities:

  • Conduct end-to-end market risk stress testing, including scenario design, implementation, results consolidation, internal and external reporting, and analyzing stress scenario results to better understand key drivers.
  • Support the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization.
  • Identify 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.
  • Support model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
  • Support 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.
  • Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
  • Perform statistical analysis on large datasets and interpreting results using both qualitative and quantitative approaches.

Requirements:

  • 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:

  • Private healthcare for you and your family.
  • Competitive pension plan, life assurance and group income protection cover.
  • 20 days of back-up childcare and 20 days of back-up adult care per annum.
  • Flexible benefits to suit your personal circumstances.
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  • 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:

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.

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