Job Description: Corporate Title: Vice President Location: London Line of Business: Global Risk Analytics
Here in our London office we are looking for a Quantitative Finance Analyst to join our Model Risk team, within Global Risk Analytics - Global Markets (GRA-GM). GRA-GM sits within BofA Risk Control and is an enterprise wide function responsible for the development and monitoring of all global markets analytics used across Risk and Capital.
Within GRA-GM, the Model Performance team is responsible for ongoing monitoring and analysis processes to assess model usage, model accuracy and the overall performance of the exposure platform. This role sits within the Model Performance team - focussing on the Counterparty Credit Risk models and insight gained through execution of backtesting in particular.
In return we not only offer the training and support you'd expect from a leading global bank but also the opportunity to grow your career right here in London. With exposure to a variety of financial products and the continued year-on-year growth of the team, we can offer excellent mobility and development.
As a Quantitative Finance Analyst your main responsibilities will involve:
Performing in-depth analysis on the bank's counterparty exposure risk models through backtesting
Driving incremental improvement to the backtesting platform
Providing analytical support on various model testing and monitoring initiatives
Producing model performance reports for senior management
Playing a key role in the investigation process of the models defects and exceptions - raising new issues and tracking existing issues with the model development team
Collaborating with other groups in the model performance team to enhance the model limitation and model monitoring system
As a Quantitative Finance Analyst your skills and qualifications will ideally include:
Master degree and above (or equivalent), preferably in quantitative finance or a quantitative field
Solid working experience in a relative field (Counterparty Credit Risk, Middle Office Risk, Front Office Market Risk, etc)
Experience in data analysis, with excellent research and analytical skills
Broad financial product knowledge
Proven programming skills (Python, C++, SQL, or equivalent object-oriented programming)
Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions
Ability and work ethic to drive results
Ability to multitask with excellent time management skills
High level of attention to detail
About Bank of America Merrill Lynch
Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.
If you're interested in this opportunity please send your details to us by applying online.
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 mindset 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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.