Job Description:
Job Title: Quantitative Finance Analyst
Corporate Title: Assistant Vice President
Location: Bromley
Company Overview:
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.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. 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.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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 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:
The AMG GFC Team is responsible for delivery of high priority regulatory driven modelling work in support of the bank’s Global Financial Crimes effort. The team has a requirement for a highly motivated Quantitative Finance Analyst to join the team to support this growing book of work.
Role Description:
The right candidate will be required to contribute at a high delivery pace, across the full spectrum of model development lifecycle tasks and will be important to the successful delivery of models and tools in this space. Critically the right candidate will need to be adaptable to a fast pace and evolving environment.
Responsibilities:
- Required to pro-actively seek out effective statistical estimation techniques required to model GFC across lines of business
- Pro-actively work with stakeholders to collect requirements and then develop and build models and tools to meet them
- Implement the model using well written and well governed python code
- Produce clear and coherent technical documentation for internal and regulatory purposes
- Promote the adoption of, and personally meet, GRA best practices for model development, implementation and monitoring
- Critical to the role is to be able to think freely of current industry standards to develop innovative approaches to modelling problems
What we are looking for:
- Highly numerical degree (Masters required; PhD level desirable) in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics or Engineering
- Experience in developing, documenting & maintaining risk and/or capital models and handling large datasets, including current experience in the GFC domain space
- Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics
- Strong programming skills; SQL, Python, VBA, Latex
- Strong technical writing and clear verbal communication skills
- Experience of, and ability to work under pressure and deliver to tight deadlines
- Ability to work independently, multitask and properly prioritize work
- Curiosity and willingness to develop and work on new ways of modelling
Skills that will help:
- Knowledge of regulatory guidelines including CCAR, DFAST, CECL, ICAAP.
- Strong stakeholder engagement skills with an ability to work with colleagues in other functions (business, risk and model validation)
- Organized, practical and execution focused with some project management experience
- Self-motivated and intellectually curious about both the role, supporting technologies and the wider bank
Benefits of working at Bank of America (UK):
- 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
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution