Quantitative Analyst – Quantitative Developer

Job Description:Job Title: Quantitative Analyst – Quantitative DeveloperCorporate Title: Assistant 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, 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 usLocation 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 Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with all the Lines of Business and Enterprise functions. GRA and EIT include vertical (i.e., business or risk-specific) functions and horizontal functions that cut across business and risk-types. A core pillar of our horizontal strategy is developing common, reusable, and scalable components that can be used across GRM. Quantitative engineers will be responsible for executing on this strategy.Role Description:As a Quantitative Finance Analyst – Quantitative Developer, your primary focus will be developing, maintaining and testing quantitative risk models, used by Global Markets. You should expect to contribute to the three main focuses of the team:Process Automation: improving efficiency and reducing operational riskFull Revaluation VaR: providing support and in-depth analysis for the Full Revaluation VaR and FRTB IMA programmesStrategic Risk Platform: advising and collaborating with teams across the wider organisation to centralise and better manage risk models and dataThe team focuses on developing and testing new models/ systems so a pro-active, innovative approach is key. Further, you will often be asked to bring your technical expertise to other projects, requiring strong collaboration and communication skills.Responsibilities:Work at the interface of Technology and Risk QuantsCollaborate with a broad number of stakeholders across the BankProduce production quality code to develop and maintain quantitative risk modelsClearly communicate outcomes to stakeholders and senior managementImprove efficiency and reduce operational risk across projectsTake ownership of systems and changesDeliver in-line with the team's priorities, GRA's strategy and stakeholder's requirements.What we are looking for:Bachelor's/MSc degree or equivalent with a quantitative emphasis in areas such as mathematics, engineering, or computer sciencePrevious exposure to derivatives pricing and/or Market RiskExcellent programming ability in Python including good understanding of object oriented programming principles, coding standards, test driven development, etcPrior financial experience, preferably within a large investment bankStrong communication skills and ability to work in a collaborative environmentSelf-motivated, pro-active and an able to run with issuesStrong attention to detail, intellectual curiosity and commitment to excellence.A team player who can work with colleagues with different experience and backgroundsSkills that will help:Python programming experience at a large, multi-national bank, using platforms such as Quartz, Athena, SecDb, etc.Experience with large dataset tools incl. relational databases, SQL and TableauExperience developing, testing or maintaining Risk models such as VaR, FRTB or CCARFamiliarity with pricing modelsBenefits of working at Bank of America:UKPrivate 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 partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumThe 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 mattersAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity 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 experienceWe strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.