Senior Quantitative Financial Analyst

Bank of America; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London seeks a Senior Quantitative Financial Analyst to conduct quantitative analytics and complex modeling projects. The ideal candidate will have an advanced degree and extensive experience in model risk management, proficient programming skills, and excellent communication abilities. Join a diverse team focused on collaborative success and impactful work.

Benefits

Private healthcare and annual health screening

Flexible benefits including wellbeing accounts

Access to Arts & Culture memberships

Qualifications

• Advanced degree in relevant quantitative field.
• Proven experience in model risk management.
• Strong programming abilities and knowledge of financial models.

Responsibilities

• Conduct quantitative analytics and complex modeling projects.
• Collaborate with teams on system design and model validation.
• Perform annual model reviews and regulatory project participation.

Skills

Advanced degree in mathematics, physics, statistics, financial mathematics, quantitative finance, computer science, or engineering

Extensive experience in a similar role

Strong knowledge of financial, mathematical, and statistical theories and practices

Proficient programming skills in Python

Excellent communication skills

Experience with market risk models such as VaR, IRC/CRM, or FRTB

Attention to detail and eagerness to learn

Education

Advanced degree

Job description

Job Description:

Job Title: Senior Quantitative Financial Analyst

Location: London

Corporate Title: Director

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.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds and investing in our teammates and their families with competitive benefits supporting their well-being.

Bank of America values collaboration and flexibility, offering a multi-faceted approach depending on the role.

Working here provides opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Our London office is near St. Paul’s Cathedral on King Edward Street, featuring modern workspaces, a state-of-the-art auditorium, an onsite restaurant with sustainable seasonal menus, a rooftop terrace with views of London, an onsite gym, and medical facilities.

The Team:

The Enterprise Model Risk Management (MRM) organization oversees model risk across Bank of America, including validation, risk assessments, and compliance. The Market Risk team validates risk models for the Global Markets business, including models for FRTB, VaR, RNiV, IRC/CRM, and stress testing.

Role Overview:

This role involves conducting quantitative analytics and complex modeling projects for specific business units or risk types. Responsibilities include developing new models, creating technical documentation, and collaborating with Technology teams on system design. The role may also influence strategic direction and develop tactical plans.

Responsibilities:

1. Work collaboratively with model developers and validators on full scope and change validations.
2. Review ongoing monitoring reports and action submissions.
3. Perform annual model reviews.
4. Participate in EMEA regulatory projects like ICAAP and coordinate activities for MRM.
5. Act as the regional MRO delegate in MLI.

What We Are Looking For:

• Advanced degree in mathematics, physics, statistics, financial mathematics, quantitative finance, computer science, or engineering.
• Extensive experience in a similar role.
• Strong knowledge of financial, mathematical, and statistical theories and practices.
• Proficient programming skills, e.g., in Python.
• Excellent communication skills, both written and oral.
• Experience with market risk models such as VaR, IRC/CRM, or FRTB, and knowledge of market risk regulations.
• Attention to detail, eagerness to learn, strong work ethic, and team spirit.

Benefits of Working at Bank of America:

UK:

• Private healthcare and annual health screening with options for partners.
• Competitive pension, life assurance, and income protection.
• Back-up childcare and adult care coverage.
• Flexible benefits including wellbeing accounts, travel insurance, and critical illness cover.
• Support services like mental health helplines, virtual GPs, and Employee Assistance Programs.
• Charitable donation matching via payroll.
• Access to Arts & Culture memberships and volunteering opportunities.

Our Commitment:

We uphold high standards of conduct, accountability, and equal opportunity, ensuring fair treatment and accessibility throughout our recruitment process.