Senior Quantitative Finance Analyst, AML Model Risk Validation

Senior Quantitative Finance Analyst, AML Model Risk Validation – a role with Bank of America, part of the LGBTQ+ Business Community platform myGwork. The position is based in Bromley. Job Title Senior Quantitative Financial Analyst – AML Model Risk Validation Corporate Title: Director Location: Bromley Company Overview Bank of America is guided by a common purpose to help make financial lives better. Responsible Growth, diversity, inclusivity, flexibility, and competitive benefits are hallmarks of the company. Location Overview The Bromley office is in one of London's greenest boroughs, with convenient commuting routes and central London only 15 minutes away by train. Role Description This role conducts quantitative analytics and complex modelling 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, and collaborating with Technology staff on system design. Responsibilities Performs end‑to‑end market risk stress testing, including scenario design, implementation, results consolidation, internal and external reporting, and analysis of stress scenario results. Leads planning related to setting quantitative work priorities in line with the bank's strategy. Identifies continuous improvements through reviews, technical documentation feedback, and challenges on model development/validation. Maintains oversight of model development and model risk management to support business requirements and the enterprise’s risk appetite. Provides methodological, analytical, and technical guidance to challenge and influence strategic direction of development/validation projects. Works closely with model stakeholders and senior management on communication of submission and validation outcomes. Performs statistical analysis on large datasets and interprets results with qualitative and quantitative approaches. Required Skills Proven and diversified quantitative skills. Up‑to‑date knowledge of industry practices in Anti‑Money Laundering techniques and typologies. Domain knowledge of regulatory landscape including model risk management and Anti‑Money Laundering. Proficiency with ATL/BTL techniques, sampling methods, AML coverage assessments. Prior experience in model development and/or validation. Advanced knowledge of statistical methods, techniques, and financial data. Proficient in Python, SAS, and SQL. Excellent written and verbal communication skills and collaboration skills. Critical thinking and ability to work independently, proactively identify and resolve issues. CAMS certification preferred. Minimum Education Requirements Advanced degree (PhD or Master’s) in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics, or related fields. Benefits Private healthcare and annual health screen. Competitive pension plan and life assurance. Back‑up childcare and adult care. Flexible benefits, wellbeing account, travel insurance, critical illness cover. Access to emotional wellbeing helpline, mental health first aiders, virtual GP services. Employee Assistance Program. Charity donation matching. Arts & Culture corporate membership program. Opportunities for volunteering in the local community. Equal Opportunity Statement Bank of America is an equal opportunities employer and ensures non‑discriminatory practices across all facets of employment. All applicants receive equal consideration based on skills, qualifications, and experience. #J-18808-Ljbffr