Senior Quantitative Finance Analyst

Job Description:

Job Title: Senior Quantitative Finance Analyst

Corporate Title:  Director

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:

Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets.

Role Description:

This role focuses on delivering robust operational capabilities and governance frameworks to support international regulatory approvals, including Basel capital regulations. The primary responsibility is the development and deployment of market risk models, encompassing model design, regulatory submission, and production implementation.

Responsibilities:

• Design and develop quantitative risk models, analytics, and applications to support market risk management and regulatory capital calculations.

• Lead and contribute to the development, documentation, and submission of VaR and RNiV models; address feedback from risk managers, model risk management, regulators, and audit teams.

• Conduct statistical analysis on historical market data and model parameters.

• Develop and maintain benchmarking and backtesting frameworks; investigate and explain any anomalies or overages.

• Collaborate with internal stakeholders — including Risk, Finance, Technology and Model Risk Management — to enhance models and ensure compliance with internal and external requirements.

• Validate market data, risk metrics, and P&L time series to support model integrity.

• Prepare comprehensive documentation and evidence to support internal and external examinations.

• Perform in-depth analysis of model outputs using quantitative techniques such as backtesting, benchmarking, and sensitivity analysis.

• Identify cross-market themes and provide actionable recommendations for improvement.

• Communicate findings and model performance insights to stakeholders including risk managers, model developers, senior leadership, and regulators.

• Support model remediation efforts and confirm resolution of issues prior to production deployment.

What we are looking for:

• PhD (preferred) or Master's degree in a quantitative discipline such as Financial Engineering, Mathematics, Statistics, Physics, Computer Science, or a related field.

• Several years of hands-on experience developing front-office pricing models or market risk models.

• Advanced programming skills in Python, with a strong track record of practical application.

• Deep understanding of derivatives pricing.

• Strong grasp of Value at Risk methodologies and statistical estimation techniques.

• Excellent communication and collaboration skills, with the ability to work effectively across diverse teams.

• Independent and analytical thinker with a proactive approach to problem-solving.

Skills that will help:

• Experience working with FRTB framework

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.