Job Title: Quantitative Analyst – Quantitative Developer
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.
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.
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 our bustling Bromley office, situated in one of London’s greenest boroughs. 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. business or risk-specific) functions and horizontal functions that cut across business and risk-types. As a Quantitative Finance Analyst – Quantitative Developer, your primary focus will be developing, maintaining and testing quantitative risk models, used by Global Markets. Process Automation: improving efficiency and reducing operational risk
Full Revaluation VaR: providing support and in-depth analysis for the Full Revaluation VaR and FRTB IMA programmes
Strategic Risk Platform: advising and collaborating with teams across the wider organisation to centralise and better manage risk models and data
The 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.
Work at the interface of Technology and Risk Quants
Produce production quality code to develop and maintain quantitative risk models
Improve efficiency and reduce operational risk across projects
Bachelor’s/MSc degree or equivalent with a quantitative emphasis in areas such as mathematics, engineering, or computer science
Previous exposure to derivatives pricing and/or Market Risk
Excellent programming ability in Python including good understanding of object oriented programming principles, coding standards, test driven development, etc
Prior financial experience, preferably within a large investment bank
Skills that will help:
Python programming experience at a large, multi-national bank, using platforms such as Quartz, Athena, SecDb, etc.
relational databases, SQL and Tableau
Experience developing, testing or maintaining Risk models such as VaR, FRTB or CCAR
Private 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 partner
~ Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
~20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
~ The 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 matters
~ Opportunity 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.
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.