Quantitative Risk & Model Validation Analyst

Bank of America

Greater London

On-site

GBP 120,000 - 180,000

Full time

2 days ago

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Benefits offered by this job

Private healthcare

Pension plan

Life assurance

20+ days holiday

Job summary

Bank of America in London is seeking a Quantitative Finance Analyst (up to Vice President) to join the Enterprise Model Risk Management team. You will validate and challenge models, collaborate with developers and validators, and contribute to regulatory requests and reviews.

The role requires advanced technical degrees and strong Python skills, plus excellent communication and a keen eye for detail. Hybrid/onsite work in London with competitive benefits and growth opportunities.

Qualifications

Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering.
Strong programming skills in Python.
Strong written and oral communication.
Attention to detail and team player.
Some knowledge/experience of market risk and pricing methodologies.

Responsibilities

Perform full scope and limited change validations with model developers and validators.
Review developers' ongoing monitoring reports and required actions.
Perform annual model reviews.
Contribute to regulatory examinations, audits and responses with analyses and documentation.