Quantitative Finance Analyst

Job Description:

Job Title:

Quantitative Finance Analyst Corp

Title:

Up to 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!

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.

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective Risk and Capital measurement, management and reporting across Bank of America. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring.

The team drives innovation, process improvement and automation across all of these activities.

The AMG Team is responsible for developing and managing models across multiple domains, including Whoesale, Consumer and Global Financial Crimes. The team has a requirement for a highly-motivated Quantitative Finance Analyst to join us to support enhancements to existing Wholesale and Consumer loss forecasting models as well as develoing new models. There is always the potential for further growth supporting one of the numerous other areas we support (Global Financial Crimes, Finance, Markets, Capital, Physical Climate Risk).

The right candidate will be required to contribute across the full spectrum of model development lifecycle tasks and will be important to the successful delivery of models in this space. In addition the right candidate will be needed to contribute more broadly to the regulatory driven suite of alternative and champion models developed by the team.

• Required to pro-actively seek out effective statistical estimation techniques required to model risk across the businesses supported
• Pro-actively work with stakeholders across the business(es) to collect requirements and then develop and build modelling solutions 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 outside the box of current industry standards to develop innovative approaches to modelling problems

• Highly numerical degree (Masters required; PhD level desirable) in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics or Engineering
• Some experience in developing, documenting &…