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Quantitative Finance Analyst

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Bank of America

Sep 8, 2024

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • London

Requirements

  • What we are looking for:
  • Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering
  • Excellent programming skills, e.g., in Python
  • Excellent written and oral communication
  • Critical Thinking
  • Quantitative Development

Responsibilities

  • Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
  • Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
  • Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
  • Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

FAQs

What qualifications are required for the Quantitative Finance Analyst position?

An advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science, or engineering is required.

What programming skills are preferred for this role?

Excellent programming skills, particularly in Python, are preferred for this position.

Is experience in financial markets necessary for this role?

Yes, candidates should have a broad knowledge of financial markets and products.

What are the main responsibilities of a Quantitative Finance Analyst at Bank of America?

Responsibilities include conducting quantitative analytics and modelling projects, performing market risk stress testing, developing new models, and providing technical guidance on model development and validation.

What benefits are offered to employees at Bank of America?

Employees receive private healthcare, a competitive pension plan, life assurance, backup childcare and adult care, flexible benefits, mental health support, and opportunities for community volunteering.

Where is the workplace located for this role?

The role is located in the Bromley office, which is one of London’s greenest boroughs and easily accessible by train to central London.

Is there an emphasis on diversity and inclusion at Bank of America?

Yes, Bank of America is devoted to being a diverse and inclusive workplace for all employees.

Will I have opportunities for career development and growth in this position?

Yes, working at Bank of America offers great career opportunities to learn, grow, and make an impact.

How does Bank of America support employee well-being?

The bank provides access to an emotional wellbeing helpline, mental health first aiders, virtual GP services, and an Employee Assistance Program for confidential support.

Does the company support charitable contributions?

Yes, employees can donate to charities of their choice directly through payroll, and the bank will match their contributions.

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Bank of America

Helping to make financial lives better through the power of every connection.

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Employees

Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.