Senior Quantitative Finance Analyst

Bank of America; Bromley; On-site; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Maternity leave (26 weeks)

Flexible benefits

Job summary

Bank of America seeks a Senior Quantitative Finance Analyst in Bromley to redesign, optimise and deploy next‑gen risk and capital models within AMG/GRA. The role focuses on leading modelling projects, collaborating with stakeholders, and delivering timely, regulatorily compliant solutions.

The candidate will leverage advanced statistics, econetrics and financial mathematics, with strong programming in SQL, Python and VBA, contributing to cutting‑edge risk management across the bank.

Qualifications

• Highly numerical degree required (Masters; PhD desirable).
• Several years of relevant work experience or equivalent training.
• Strong skills in statistics, probability, econometrics and financial mathematics.

Responsibilities

• Lead design, implementation and deployment of new risk and capital models.
• Collaborate with stakeholders to collect requirements and translate them into modelling solutions.
• Provide insight and thought leadership on modelling approaches and best practices.
• Document models and processes for internal and regulatory purposes.
• Ensure models meet high regulatory expectations and deadlines.

Skills

Statistics

Probability Theory

Econometrics

Financial Mathematics

Leadership

Communication

Education

Master's degree (Statistics/Financial Mathematics)

PhD desirable

Tools

SQL

Python

VBA

LaTeX

Job description

Job Title

Senior Quantitative Finance Analyst

Corporate Title

Up to Director

Location

Bromley

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‑faceted 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.

Location Overview

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

The Team

Bank of America has an opportunity for a Senior Quantitative Finance Analyst within the Alternative Modelling Group (AMG), a Global Risk Analytics (GRA) team. Global Risk Analytics (GRA) is a sub‑line of business within Global Risk Management (GRM). The GRA team provides quantitative capabilities supporting global risk management and capital management and develops a consistent set of risk and capital models and analytical tools that support decision making across the bank. As part of GRA - Alternative Modelling Group (AMG) builds alternative models, using innovative methods, which challenge and benchmark risk and capital champion models across the enterprise; and has a vision to challenge what is possible across Risk and Capital Modelling.

Role Description

The role will involve re‑designing, optimising, and leading the implementation and deployment of the next generation of Risk and Capital models to improve the bank’s risk management capability. This is a challenging and intellectually stimulating role, across a dynamic and innovative risk and capital modelling portfolio that spans the Enterprise.

Responsibilities

• Provide leadership and technical acumen and experience in the design, implementation and deployment of new models, analytic processes or systems approaches. Critical to the role is to be able to provide current industry standards to develop innovative approaches to modelling problems.
• Collaborate with stakeholders across the company to collect requirements and then develop and build modelling and technical solutions to meet them; and effectively communicate those solutions to stakeholders.
• Provide insight and thought leadership into the implementation of new models, analytic processes or systems approaches.
• Promote the adoption of industry best practice for model development, implementation and monitoring.
• Collaborate with stakeholders across the firm to identify opportunities to improve existing models/processes.
• Produce clear and coherent technical documentation for internal and regulatory purposes.
• Be able to effectively govern models and processes to ensure we meet the highest levels of regulatory expectation.
• Take ownership to deliver results and meet critical deadlines.

What we are looking for

• Highly numerical degree (Masters required and PhD level desirable) in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics, or Engineering.
• Several years of relevant work experience or equivalent educational training.
• Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics.
• Experience developing and implementing large quantitative models, managing large data sets.
• Proven leadership abilities, working across organizational lines.
• Strong programming skills; SQL, Python, VBA, Latex.
• Strong technical writing and clear verbal communication skills.
• Experience of, and ability to work under pressure and deliver to tight deadlines.
• Ability to work independently, multitask and properly prioritize multiple projects.
• Curiosity and willingness to develop and work on new ways of modelling.
• Capable of providing leadership to junior team members.
• Organized, practical and execution focused with some project management experience.

Skills that will help

• Experience in credit risk modelling, Climate modelling, Capital modelling, loss forecasting etc. preferred.
• Knowledge of regulatory guidelines including CCAR, CECL, DFAST, ICAAP.
• Good stakeholder engagement skills with an ability to collaborate with colleagues in other functions (business, risk and model validation).
• Self‑motivated and intellectually curious about both the role, supporting technologies and the wider bank.

Benefits of working at Bank of America (UK)

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance, and group income protection cover if you become unable to work because of a disability or health reasons.
• We offer 26‑weeks paid maternity leave, 16‑weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back‑up childcare including access to school holiday clubs and 20 days of back‑up adult care per annum.
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a well‑being account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits.
• Access to an emotional wellbeing helpline, and virtual GP services.
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood.
• Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.

Bank of America: Code of Conduct

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.

Equal Opportunities

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio‑economic background, responsibility for dependants or physical or mental disability.

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

Partnering Locally

Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact

Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion

Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values

Learn about our four values that represent what we believe.