Quantitative Risk Analyst - Default Models (C++, Python)

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

Benefits offered by this job

Private healthcare

Pension plan

Maternity/paternity leave

Flexible benefits

Wellbeing resources

Job summary

Bank of America in Bromley, London, is seeking a Quantitative Finance Analyst to join Global Risk Analytics. The role focuses on developing, testing and maintaining default risk models and supporting regulatory and risk management needs.

You will work with Capital, Risk, Technology and Model Risk Management to deliver robust modeling solutions. You will apply advanced quantitative techniques, C++ and Python skills, and collaborate across teams to drive model enhancements and deliverables in a

Qualifications

• Master's degree or PhD in Mathematics, Statistics, Physics or related field.
• Experience in quantitative modelling for a global financial institution.
• Proficient in C++ and Python with strong software development practices.
• Up‑to‑date knowledge of industry trends and risk management qualities.
• Strong written and verbal communication and ability to collaborate across teams.
• Ability to multitask and manage deliverables with rigor.

Responsibilities

• Develop, test, document and maintain Default risk models (risk factor simulation, pricing, aggregation, back-testing).
• Support the Default Risk platform and resolve model-related system issues for users.
• Improve model development infrastructure (test harnesses, utilities, visualization).
• Collaborate with Capital, Risk, Technology, Model Risk Management and Market Risk Management on enhancements.
• Prepare development evidence and documentation for internal/external exams
• Identify common themes across global markets and drive improvement initiatives.
• Communicate results to risk management, model stakeholders and regulators.
• Support remediation of model issues before go-live.
• Drive improvements to model performance assessment tools across all areas.

Skills

C++

Python

Quantitative modelling

Communication skills

Multitasking

Risk management understanding

Education

Master's or PhD in Mathematics/Statistics/Physics

Job description

Bank of America in Bromley, London, is seeking a Quantitative Finance Analyst to join Global Risk Analytics. The role focuses on developing, testing and maintaining default risk models and supporting regulatory and risk management needs.

You will work with Capital, Risk, Technology and Model Risk Management to deliver robust modeling solutions. You will apply advanced quantitative techniques, C++ and Python skills, and collaborate across teams to drive model enhancements and deliverables in a