Quant Risk & Model Validation Analyst

Bank of America; City Of London; On-site; GBP 80,000 - 120,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Annual leave 25 days

Wellbeing programs

Flexible benefits

Job summary

Bank of America in London is seeking a Quantitative Finance Analyst to join the Enterprise Model Risk Management team. You will validate risk models and work with developers to ensure robust monitoring and regulatory readiness.

The role requires an advanced degree in a technical field and strong Python skills, plus clear written and oral communication. You will analyze complex models, participate in annual reviews, and contribute to audits while collaborating with a global team.

Qualifications

• Advanced degree in mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering.
• Strong Python programming skills.
• 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 pricing methodologies preferred.

Responsibilities

• 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.
• Contribute to regulatory examinations, audits, and other team initiatives by preparing analyses, documentation, and responses to regulatory requests.

Skills

Python

Quantitative finance

Communication

Education

Advanced degree

Finance/Math/CS

Tools

R

Job description

Bank of America in London is seeking a Quantitative Finance Analyst to join the Enterprise Model Risk Management team. You will validate risk models and work with developers to ensure robust monitoring and regulatory readiness.

The role requires an advanced degree in a technical field and strong Python skills, plus clear written and oral communication. You will analyze complex models, participate in annual reviews, and contribute to audits while collaborating with a global team.