Senior Quantitative Finance Analyst

Bank of America; Paris; Sur place; EUR 60 000 - 100 000; Plein temps

Résumé du poste

An established industry player is seeking a Senior Quantitative Finance Analyst to join their dynamic team in Paris. This role focuses on managing price and valuation risks, requiring hands-on expertise in complex model analysis and development. You will collaborate with various teams to enhance model validation processes and ensure compliance with regulatory standards. The position offers a unique opportunity to contribute to innovative financial solutions while enjoying a supportive work environment. With competitive benefits and a commitment to diversity, this role is perfect for those looking to make a significant impact in the finance sector.

Prestations

Competitive retirement plans

24/7 health advice

Life and disability insurance

Time Savings Account

Reimbursement of commuter pass

Nursery scheme for children

Employee Assistance Programme

Opportunities for community volunteering

Qualifications

• Master's degree in a quantitative field required.
• Experience in model risk management or quantitative modeling is essential.

Responsabilités

• Perform end-to-end market risk stress testing and reporting.
• Lead planning for quantitative work priorities aligned with strategy.
• Conduct statistical analysis on large datasets.

Connaissances

Python

Quantitative Modeling

Statistical Analysis

Communication Skills

Model Risk Management

Formation

Master's degree in Mathematics

Master's degree in Physics

Master's degree in Finance

Master's degree in Engineering

Master's degree in Computer Science

Outils

LaTeX

Git

Bitbucket

Description du poste

Job Description:

Job Title: Senior Quantitative Finance Analyst

Corporate Title: Director

Location: Paris

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.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds, and investing in our teammates and their families with competitive benefits that support physical, emotional, and financial well-being.

Bank of America values collaboration and flexibility, adapting our approach to different roles within the organization.

Joining us offers a great career opportunity with chances to learn, grow, and make a meaningful impact.

Location Overview:

Located in the 8th arrondissement within the Parisian Golden Triangle, our Art-Deco era office offers modern, light-filled workspaces, accessible by public transport.

Role Description:

The Enterprise Model Risk Management team seeks a Senior Quantitative Finance Analyst to support the management of price and valuation risks associated with models used in Global Markets, focusing on portfolio model risk analysis and finance models. The role also involves oversight of GM models within the French legal entity.

The role requires hands-on expertise in reviewing and testing complex models, developing tools for analysis, and identifying emerging model risks. Collaboration with model development teams, front-line units, and support functions is essential, along with strong communication skills. The analyst will produce technical reports for stakeholders, including senior management, auditors, and regulators.

Responsibilities:

1. Perform end-to-end market risk stress testing, including scenario design, implementation, results analysis, and reporting.
2. Lead planning to set quantitative work priorities aligned with the bank’s strategy.
3. Identify and recommend improvements in model development and validation processes.
4. Oversee model development and risk management to support business needs and risk appetite.
5. Provide methodological and technical guidance on development and validation projects.
6. Communicate validation outcomes effectively to stakeholders and senior management.
7. Conduct statistical analysis on large datasets, interpreting results with qualitative and quantitative approaches.

Qualifications:

• Master's degree in Mathematics, Physics, Finance, Engineering, Computer Science, or similar.
• Experience in model risk management or quantitative modeling within a financial institution, especially pricing models.
• Strong communication skills to effectively interact at all levels.
• Deep understanding of modeling processes, performance measures, and risk.
• Ability to manage multiple projects and follow up on issues.
• Proficiency in Python; knowledge of LaTeX and Git/Bitbucket is a plus.
• Experience with regulatory interactions and exams.

Benefits of working at Bank of America in France include:

• Competitive retirement plans and social security health benefits.
• 24/7 health advice from medical providers in English and French.
• Life and disability insurance.
• Time Savings Account (‘CET’).
• Reimbursement of commuter pass.
• Nursery scheme for children under 3.
• Works council benefits and Employee Assistance Programme.
• Opportunities for community volunteering and cultural engagement.

Our Commitment:

We prioritize good conduct, sound judgment, and individual accountability. We are an equal opportunity employer and encourage candidates to inform us of any accessibility needs. We select candidates based on skills, qualifications, and experience, ensuring an inclusive recruitment process.