EU Model Risk & Valuation Lead - Paris

Bank of America Corporation; Paris; On-site; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive retirement plan

Medical plan top‑up to health benefits

Time Savings Account CET

Commuter pass reimbursement 50%

Parental leave & maternity/paternity

Nursery scheme

Employee Assistance Programme

Arts exhibition access sponsored by Bo

Job summary

Bank of America in Paris is seeking a Director-level Quantitative Finance Analyst to oversee EU model risk management, valuation and trading book models. The role involves independent challenges to valuation methodologies and governance withECB/ACPR interactions.

You will lead testing, model performance assessment, and coordinate priorities across modeling activities to meet regulatory requirements. Strong communication and regulatory knowledge are essential.

Qualifications

• PhD or Master’s degree in a quantitative field such as Mathematics, Physics, Quantitative Finance or Engineering.
• Significant experience in model risk management, model validation or quantitative modelling at a financial institution, with focus on pricing models and AVA calculation methodologies.
• Solid understanding of prudent valuation, valuation adjustments and fair value measurement.
• Good working knowledge of EU prudential regulation that applies to trading books and market risk models.
• Excellent written and verbal communication.

Responsibilities

• Lead independent challenges on valuation models and prudent valuation methodologies.
• Be a senior model risk contact for ECB and ACPR and participate in Model Risk Management governance routines.
• Lead end-to-end testing of valuation models, from scenario design to reporting, and assess model performance and risk factors.
• Set quantitative work priorities aligned with the bank’s strategy.
• Identify improvements through reviews of model development/validation tasks and documentation.

Skills

Model risk management

Model validation

Quantitative modelling

Communication skills

LaTeX

Education

PhD or Master’s in quantitative field

Tools

LaTeX

Git/Bitbucket

Job description

Bank of America in Paris is seeking a Director-level Quantitative Finance Analyst to oversee EU model risk management, valuation and trading book models. The role involves independent challenges to valuation methodologies and governance withECB/ACPR interactions.

You will lead testing, model performance assessment, and coordinate priorities across modeling activities to meet regulatory requirements. Strong communication and regulatory knowledge are essential.