Quantitative Finance Analyst, Paris — Model Risk & Stress Testing

Bank of America Corporation; Paris; On-site; EUR 70,000 - 110,000; Full time

Benefits offered by this job

Competitive retirement plan

Medical Plan

Employee Assistance Programme

Nursery scheme for children

Job summary

Bank of America is seeking a Quantitative Finance Analyst to join its Enterprise Model Risk Management (MRM) team in Paris. The role covers validation of market risk models across EU entities, including regulatory frameworks such as FRTB, VaR and stress testing.

The successful candidate will assess and challenge models, perform stress testing, and support regulatory responses while collaborating with model developers and senior stakeholders in Paris.

Qualifications

• Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering.
• Strong programming skills, e.g., in Python.
• Strong written and oral communication.
• Attention to detail, willingness to learn, strong work ethic, team player.
• Some knowledge/experience of market risk, relevant financial instruments and their risk profiles, and corresponding pricing methodologies is preferrable.

Responsibilities

• Work in a team and collaborate with model developers and validators to perform full scope and limited change validations.
• Review the developer’s monitoring reports and submissions to required action items.
• Perform periodic model reviews.
• Contribute to regulatory examinations, audits, and other team initiatives with analyses and responses to regulatory requests.
• Perform end-to-end market risk stress testing including scenario design, implementation, results consolidation, and internal/external reporting.

Skills

Python

Written & verbal communication

Attention to detail

Team player

Willingness to learn

Education

Advanced degree in a technical field (math/physics/statistics/financial math/CS/engineering)

Tools

None

Job description

Bank of America is seeking a Quantitative Finance Analyst to join its Enterprise Model Risk Management (MRM) team in Paris. The role covers validation of market risk models across EU entities, including regulatory frameworks such as FRTB, VaR and stress testing.

The successful candidate will assess and challenge models, perform stress testing, and support regulatory responses while collaborating with model developers and senior stakeholders in Paris.