Senior Quantitative Financial Analyst

Bank of America; Paris; Sur place; EUR 60 000 - 80 000; Plein temps

Résumé du poste

A global financial institution in Paris is seeking a Senior Quantitative Financial Analyst to conduct quantitative analytics and lead model development for risk management projects. The role involves collaborating with teams to validate models, supporting regulatory projects, and performing statistical analysis. Ideal candidates possess an advanced degree and programming skills, particularly in Python. The position offers a competitive benefits package, including health insurance and opportunities for professional development.

Prestations

Competitive retirement plan

Mandatory Medical Plan

24/7 health advice

Life and disability insurance

Nursery scheme for children

Employee Assistance Programme

Qualifications

• 5+ years of experience in quantitative analysis or financial modeling.
• Strong analytical skills with the ability to interpret data.
• Experience in a financial services environment.

Responsabilités

• Lead the development of new models for risk management.
• Conduct statistical analysis on large datasets.
• Support regulatory projects like ICAAP.

Connaissances

Advanced degree in a technical field

Proven knowledge of financial theories

Confident programming skills, e.g., in Python

Excellent written and oral communication

Experience with market risk models

Attention to detail

Team player

Formation

Advanced degree in mathematics, physics, statistics, or related field

Description du poste

Job Title

Senior Quantitative Financial Analyst

Location

Paris

Corporate Title

Vice President

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‑faced 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!

The Team

The Enterprise Model Risk Management (MRM) organization is responsible for providing oversight of model risk across Bank of America. MRM independently validates and challenges newly‑developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; escalates model use breaches and remediation plans to relevant governance committees; maintains a comprehensive inventory of models across all businesses and governance and control functions; and manages an attestation process to ensure compliance with the Enterprise Model Risk Policy. The MRM Market Risk team validates risk models for the Global Markets business, which includes models for FRTB, VaR, RNiV, IRC/CRM and stress testing.

Role Overview

This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.

Key Responsibilities

• Support the EMEA MRO in regulatory projects like ICAAP and other EMEA related MRM regulatory projects
• Support the Regional MRSC forum
• Work in a team and collaborate with model developers and other validators to perform full scope and limited change validations.
• Review the developer's ongoing monitoring reports and their submissions to required action items.
• Perform annual model reviews.
• Participate in EMEA regulatory projects like ICAAP and coordinate/drive activities on behalf of MRM
• Perform end‑to‑end market risk stress testing including scenario design, implementation, results consolidation, internal and external reporting, and analyze stress scenario results to better understand key drivers
• Lead the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
• Identify continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Maintain and provide oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Lead and provide methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Perform statistical analysis on large datasets and interpret results using both qualitative and quantitative approaches

Experience and Skills

• Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering
• Proven knowledge of financial, mathematical and statistical theories and practices
• Confident programming skills, e.g., in Python
• Excellent written and oral communication
• Experience with market risk models such as VaR, IRC/CRM or FRTB; knowledge of market risk regulations
• Attention to detail, willingness to learn, strong work ethic, team player

Benefits of working at Bank of America

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top‑up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French‑speaking medical providers
• Life and disability insurance
• Time Savings Account ('CET') to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America

Good conduct and sound judgment is crucial to our long‑term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind‑set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender/sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio‑economic background, responsibility for dependants, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.