Global Quantitative Data Analytics, Summer 2027 Analyst - London

Bank of America; United States; On-site; USD 32,000 - 41,000; Full time

Job summary

Bank of America is recruiting for the EMEA Global Quantitative Data Analytics Programme (QDAP) - Summer Analyst within Global Risk Management in London, United Kingdom. This 10-week internship provides insight into quantitative analysis, data and model-related activities that support risk management across the bank.

You will gain exposure to model development, risk analytics, data analysis, stress testing, scenario analysis, and reporting, while developing analytical judgment and stakeholder

Qualifications

• Pursuing a Bachelor's or Master's degree with completion between September 2027 and July 2028.
• On track for a minimum 2:1 degree classification or equivalent.
• Available to join between June 2027 and August 2027.

Responsibilities

• Support data, model, and risk analyses to inform business decisions.
• Apply quantitative and analytical skills to project work aligned with your team.
• Interpret data and model outputs for both technical and non-technical stakeholders.
• Assist in model lifecycle activities, including development, validation, monitoring, and governance.
• Conduct research using internal/external data to support risk assessments and reporting.

Tools

Python

R

C++

MATLAB

SQL

Tableau

Power BI

Job description

EMEA, Global Quantitative Data Analytics Programme (QDAP) - Summer Analyst – Global Risk Management

London, United Kingdom

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognising and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Summer Analysts applying for this Global Quantitative Data Analytics Programme will join the Global Risk Management team.

Global Risk Management (GRM) is an enterprise control function that provides independent risk management for Bank of America, ensuring the company pursues its Responsible Growth strategy through strong risk management practices. GRM provides independent second-line oversight of risk-taking activities across the enterprise, assessing and effectively challenging risks while developing, validating, and implementing risk management measures that support effective risk identification, measurement, monitoring, and decision-making.

Programme Overview

The Global Quantitative Data Summer Analyst Programme is a 10-week internship designed to provide insight into how quantitative analysis, data and model-related activities support effective risk management across Bank of America.

As a Summer Analyst, you will gain exposure to how GRM uses analytical techniques, data-driven insights, and model lifecycle processes to identify, measure, monitor and manage risk. Depending on your team alignment, this may include exposure to areas such as model development for enterprise models, model risk management, model use, risk analytics, data analysis, stress testing, scenario analysis, or reporting.

Summer Analysts are given meaningful responsibilities, contributing to real business challenges while developing analytical judgement, problem-solving skills and stakeholder communication. Projects may involve interpreting data, assessing methodologies, documenting analysis, improving processes, or helping teams translate technical information and analytical findings into practical risk insights and decision-making.

The programme offers opportunities across quantitative, analytical, and data-oriented roles. You will build relationships across GRM, collaborate with business partners and gain exposure to senior leaders while developing skills for a career in quantitative and analytical risk management.

Training and Development

Supporting your development is a key priority, with formal training at the start of the programme complemented by on-the-job learning, speaker events, and mentorship opportunities.

Responsibilities:

• Supporting analysis of data, models, methodologies or risk processes to help inform business and risk management decisions
• Applying quantitative, analytical or problem-solving skills to projects aligned to your assigned team
• Helping interpret data, trends or model outputs and communicate findings clearly to technical and non-technical stakeholders
• Supporting activities across the model lifecycle, which may include development, validation, implementation, monitoring, documentation or use of models, depending on team alignment
• Conducting research and analysis using internal and/or external information to support risk assessments, scenario analysis, reporting or governance
• Contributing to process improvements, documentation, controls or analytical tools that help teams work more effectively
• Partnering with Risk Managers, quantitative specialists, technology partners and business stakeholders to understand how risk is identified, measured and managed
• Building relationships across Global Risk through project work, networking, mentoring, speaker sessions and development opportunities

Eligibility

• Candidates are required to be pursuing a Bachelor’s or Master’s degree from an accredited college or university with a completion time frame between September 2027 and July 2028. Completion means that you have completed all final exams, coursework, and have no outstanding requirements for graduation. Please note that we reserve the right to request evidence of this completion date before extending an offer.
• On track for a minimum 2:1 degree classification (or equivalent)
• Must be available to join the programme from June 2027 to August 2027

Candidates who perform well during the internship may be offered full time employment to commence in July 2028; some lines of business may also offer the opportunity of a January or April start date. You must be available to join on one of these start dates if offered, unfortunately we are unable to offer deferrals.

What we are looking for

Essential:

• Clear motivation for exploring a quantitative, data or analytical career within risk management and financial services
• Interest in how financial institutions identify, measure, monitor, and manage risk using data, models, and analytical judgement
• Strong analytical, numerical, and problem-solving skills, with sound judgement and attention to detail
• Ability to structure analysis and communicate technical concepts, conclusions, and limitations clearly to technical and non-technical stakeholders.
• Intellectual curiosity, critical thinking, and willingness to learn technical concepts
• Ability to work independently and collaboratively in a fast-paced environment
• Commitment to continuous learning, operational excellence, integrity, and professional conduct
• Fluency in English, which is essential for all roles; a second language may be advantageous

Desired:

• Exposure to quantitative, analytical or data-related disciplines such as statistics, probability, data analytics, machine learning or financial modelling
• Familiarity with analytical tools or programming languages such as Python, R, C++, MATLAB, SQL, Tableau, Power BI or similar
• Knowledge of risk management, financial products, markets or quantitative finance concepts
• Interest in model lifecycle activities, including model development, validation, monitoring, governance or model use

Our recruitment process

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

What if I need workplace adjustments?

We’re committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email [e-mail] and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.

We offer a competitive Salary and Benefits package.