Quantitative Finance Analyst

Job Title and Location

Quantitative Finance Analyst (up to Assistant Vice President) - Bromley, London.

Team & Context

Global Risk Analytics (GRA) - Default Risk Modelling team within Global Markets Risk Analytics (GMRA).

Responsibilities

• Develop, test, document and maintain Default Risk models including risk factor simulation, pricing, aggregation, and back testing.
• Support the Default Risk platform, investigating system issues and providing quantitative support to model users.
• Improve model development infrastructure (test harnesses, utilities, visualization tools).
• Partner with Capital, Risk, Technology, Model Risk Management and Market Risk Management on model enhancement, performance testing and documentation to satisfy internal and external requirements.
• Prepare evidence and documentation for internal and external exams.
• Identify common themes across global markets and lead improvement initiatives.
• Communicate results to all model stakeholders, senior management and regulators.
• Confirm remediation of model issues before deployment and drive incremental improvement to model performance assessment tools.

Qualifications

• Master's degree or PhD (preferably in Mathematics, Statistics, Physics or related field).
• Experience in quantitative modelling for a global financial institution.
• Strong programming skills in C++ and Python; solid understanding of software development best practices.
• Up to date knowledge of industry trends, commercial instinct and robust risk management understanding.
• Excellent written and oral communication, interpersonal, organisational skills and ability to build relationships across regions.
• Strong time management, multitasking ability, focus and rigor in deliverables.
• Proactive, initiative driven, with capacity to anticipate and seize opportunities.
• Deep analysis and development of the bank's IRC, CRM and IDR models; identification and execution of improvements.
• Close engagement with model stakeholders and regulators to meet expectations.
• Support bank wide initiatives such as FRTB and CCAR assessments.

Benefits

Bank of America offers private healthcare, competitive pension plans, life assurance, group income protection, paid maternity (26 weeks) and paternity (16 weeks) leave, flexible benefits, wellbeing programmes (emotional support helpline, virtual GP, Peppy App, Wellhub, Headspace, Calm), gym and exercise class access, opportunities to give back through volunteering, and a supportive culture of responsibility and conduct.

Equal Opportunity Employer

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, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio economic background, responsibility for dependants or physical or mental disability.