Quantitative Finance Specialist

1 month ago

Beckenham, Greater London, United Kingdom Bank of America Full time
Job Title: Senior Quantitative Finance Analyst - Anti Money Laundering

This role is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types.

Key Responsibilities:
  • Perform end-to-end market risk stress testing, including scenario design, implementation, results consolidation, internal and external reporting, and analysis of stress scenario results to better understand key drivers.
  • Maintain and provide oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk tolerance.
  • Lead and provide 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.
  • Perform independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review.
  • Communicate and work directly with relevant modeling teams and their corresponding Front Line Units; internal audit) as well as external regulators, as needed.
  • Write technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
  • Act as a senior-level resource or resident expert on analytic/quantitative modeling techniques used for Anti-money laundering.
Requirements:
  • Familiarity with industry practices and knowledge of up-to-date AML techniques.
  • Ability to provide both through leadership and proven expertise in methodology, techniques, and processes in applying statistical and machine learning methods to manage the bank's AML models and model systems.
Desired Skills and Experience:
  • PhD or Masters in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics.
  • Demonstrable experience in building and understanding of Anti-Money Laundering models and systems.
  • Solid familiarity with industry practices in the field and knowledge of up-to-date Anti-Money Laundering techniques.
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.

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