Quantitative Finance Analyst Bromley, United Kingdom To proceed with your application, you must be at least 18 years of age. Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-emea/job/Bromley/Quantitative-Finance-Analyst\_26017234-2) Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-emea/job/Bromley/Quantitative-Finance-Analyst\_26017234-2) Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-emea/job/Bromley/Quantitative-Finance-Analyst\_26017234-2) Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-emea/job/Bromley/Quantitative-Finance-Analyst\_26017234-2) Job Description: Job Title: Quantitative Finance Analyst Corp Title: Assistant Vice President Location: Bromley At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Location Overview: Join our bustling Bromley office, situated in one of London's greenest boroughs. Here you'll find plentiful and easy commuting routes, with central London just 15 minutes away by train. The Team: Global Risk Analytics (GRA) as a sub-line of business within Global Risk Management (GRM). 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. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation. Global Markets Risk Analytics (GMRA) is part of GRA. It responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets. This role sits within the Default Risk modelling team supporting the models used wherever we have IMA approval to quantify and capitalize the additional risks of default, rating migration and base correlation movements on the portfolio. Responsibilities Development, testing, documentation and maintenance of Default risk models: these will include risk factor simulation models, pricing models, aggregation models as well as backtesting methodology Support of the Default Risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users. Improvements to model development infrastructure, such as test harnesses, support utilities, visualization tools Partner with internal groups including Capital, Risk, Technology, Model Risk Management and Market Risk Management on model enhancement, performance testing and documentation to remediate internal and external requirements. Prepare developmental evidence and document to support internal and external exams Identifying common themes across global markets along with improvement initiatives Communicating the results of this analysis to all model stakeholders including risk management, model development, model risk, senior management and our regulators Supporting model development in confirming remediation of model issues prior to their being taken live Driving incremental improvement to our model performance assessment tool set across all business areas Required Qualifications Master's degree or PhD required (preferably in Mathematics, Statistics, Physics, or related field) Experience working in quantitative modelling on behalf of a global financial institution Experience with mathematically sophisticated financial modelling Programming skills: key languages are C++ and Python; a solid understanding of sound software development qualities Up-to-date knowledge of industry trends and developments, a commercial instinct, and an understanding of sound risk management qualities Good written and oral communication, interpersonal and organizational skills, and ability to build and maintain relationships with personnel across areas and regions Ability to multitask with excellent time management skills Sense of focus and rigor in the completion of deliverables Pro-active behaviour with capacity to seize initiative In-depth analysis and development of the bank's IRC, CRM, and IDR models, using quantitative tools to understand model behaviour, identifying and executing improvements to the model framework Engaging closely with all model stakeholders including risk management, model development, model risk, senior management, and our regulators to understand their expectations and plan delivery of improvements that meet their requirements Supporting bank-wide initiatives that impacting these models - e.g., migration to Fundamental Review of Trading Book (FRTB), annual Comprehensive Capital Analysis & Review (CCAR) assessments Benefits of working at Bank of America: UK At Bank of America, we strive to prioritise employees' health and wellbeing - it's what makes us a Great Place to Work. 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. We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum. 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, cycle to work etc. Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan. Access to an Employee Assistance Program for confidential support and help for everyday matters.Ability to donate to charities of your choice directly through payroll and the bank will match your contribution. Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of theUK'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. Bank of America: 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. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) " poster. View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf). Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.