Job Description: Corporate Title: Up to Vice President Location: London Line of Business: Global Risk Analytics
Bank of America Global Risk Management organization has an opportunity for a Quantitative Finance Analyst position within its Market Risk Analytics group in London office. The main responsibility is to provide quantitative modeling and analytics support to Global Market Risk Management and Enterprise Capital Management groups.
The successful candidate would be responsible for independently conducting quantitative analytics and modeling projects, developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed.
The successful candidate will also be responsible for development, maintenance and enhancement of quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development and enhancement of risk analytics and stress testing models.
The successful candidate will possess excellent quantitative/analytic skills, especially in statistics, and a broad knowledge of financial markets and products
As a Quantitative Finance Analystyour main responsibilities will involve:
Develop quantitative/analytic models and applications in support of market risk assessment and regulatory capital calculation
Provide developmental evidence on statistical assumptions of risk and stress testing models
Work with model stakeholders on defining model enhancements/changes, performing testing and impact analysis, and conduct ongoing review and analysis
Preparation of developmental evidence and document to support internal and external inquiries
Partner with various internal groups including Capital, Risk, Technology and Model Risk Management to provide model transparency and enhancing analytics capability
As a Quantitative Finance Analystyour skills, qualifications and Competencies will ideally include:
Skills and Qualifications:
Solid quantitative modeling experience or related areas
An advanced quantitative degree in statistics, mathematics, physics, finance or a technical field, PhD preferred.
Knowledge of financial market and products
Knowledge and understanding of market risk regulatory capital framework
Experience & proficiency with statistical software packages such as R, or programming languages such as Python
Ability to multitask and properly prioritize multiple projects
Effective verbal and written communication skills
Self-motivated, ability to work in autonomy
Sense of focus and rigor in the completion of deliverables
Pro-active behavior with capacity to seize initiative
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, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, 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.