Senior Quantitative Financial Analyst - Counterparty Model Validator jobs at Bank Of America in France

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers

• Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization

• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on modeldevelopment/validation

• Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

• Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches ofdevelopment/validationprojects and identify areas of potential risk

• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

What we are looking for:

• Master's degree in quantitative fields such as Mathematics, Physics, Finance, Engineering, Computer Science, or equivalent

• Experience in model risk management or quantitative modelling at a financial institution with a focus on pricing models

• Strong written and verbal communication skills including ability to communicate clearly, effectively, and work well with people at all levels

• Deep understanding of the modelling process, model performance measures, and model risk

• Ability to manage multiple projects, follow up with issues and summarize discussions

• Strong coding ability in Python, knowledge of LaTeX document preparation and Git Bitbucket is a plus

• Experience with regulatory exams and interaction

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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

Job Description:

Job Title:Senior Quantitative Financial Analyst

Vice President

Role Overview:

This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.

What will your key responsibilities involve?

• Support the EMEA MRO in regulatory projects like ICAAP and other EMEA related MRM regulatory projects

• Support the Regional MRSC forum

• Work in a team and collaborate with model developers and other validators to perform full scope and limited change validations.

• Review the developer’s ongoing monitoring reports and their submissions to required action items.

• Perform annual model reviews.

• Participate a in EMEA regulatory projects like ICAAP and coordinate/drive activities on behalf of MRM

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers

• Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization

• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation

• Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

• Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk

• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Experience and Skills:

• Advanced degree in a technical field such as mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering

• Proven knowledge of financial, mathematical and statistical theories and practices

• Confident programming skills, e.g., in Python

• Excellent written and oral communication

• Experience with market risk models such as VaR, IRC/CRM or FRTB; knowledge of market risk regulations

• Attention to detail, willingness to learn, strong work ethic, team player

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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

Job Description:

Job Title:Senior Quantitative Finance Analyst - Counterparty Model Validator

Director

Role Description:

Independent Model Risk Management seeks a Senior Quantitative Finance Analyst to support model validation and model risk management activities associated with models used in Global Markets for measuring, reporting and managing of counterparty risk. The role will also support the Legal Entity oversight of counterparty models in the French entity, including interactions with local supervision team. In addition, the role may contribute to model validation and model risk management activities in other US and EMEA legal entities as needed.

The role involves hands-on expertise to conduct independent review and testing of complex models, it also requires the ability to develop tactical tools to organize ad-hoc analysis and identify emerging model risk themes. It will require collaboration with model development teams, front line units, and support functions hence good communication skills are required. The Senior Quantitative Finance Analyst will produce technical reports for distribution and presentation to stakeholders including senior management, audit, and banking regulators.

Responsibilities:

• Validate counterparty system models and their components developed by Quantitative Strategy and Data Group and Global Risk Analytics across all asset classes.

• Review the underlying assumptions, theory, derivation, empirical evidence, implementation and limitations of the model being validated

• Perform independently testing to identify/quantify model risk associated with the model being validated

• Prepare validation report and technical documents for the model being validated

• Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

• Identify continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation

• Maintain and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

• Lead and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk

• Participate in MRM engagements with regulatory bodies

What we are looking for:

• A PhD degree in quantitative finance or quantitative sciences, e.g. physics, mathematics, statistics and related fields

• In depth understanding of financial mathematics including stochastic calculus and probability theory, as well as derivative pricing and counterparty risk models

• Familiarity with Basel III framework and its implementation in CRR in EU and UK

• Extensive experience in quantitative modeling and/or validation in CVA/CCR area

• Coding ability in Python, R, C++ is a plus

• Familiarity with LaTeX as documentation preparation system

• Critical thinking, intellectual curiosity and collaboration

• Communication, verbal and in writing

• Adaptability

• Research

• The role is not expected to have direct responsibilities for managing associates but may involve leading collaborative projects where coordination and direction of work of junior associates may be required.

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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

Job Description:

Job Title:Senior Tax Professional II

Assistant Vice President

Responsibilities:

• Participation in governance routines and reviewing data sources for timely identification of new intercompany relationships.

• Assist external vendor with coordination and operation of annual TP documentation processes

What we are looking for:

• Working knowledge of OECD Guidelines and transfer pricing principles.

• Analytical and problem-solving mindset.

• Ability to manage multiple projects simultaneously.

• Effective communication skills.

• French speaker required.

• Basic corporate income tax experience required.

• Experience in French taxation preferred.

• Banking or financial services experience within the tax profession preferred.

Skills that will help:

• Knowledge or experience with other EMEA jurisdictions' tax regimes

France

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Competitive retirement plan in addition to State plans, life and disability assurance.

• Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers.

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later.

• Reimbursement of 50% of your commuter pass.

• We offer paid maternity leave, and paternity leave of up to 26 weeks (16 paid weeks and 10 unpaid), and inclusive family leave arrangements.

• Nursery scheme for children under age 3.

• Works council (‘CSE’) benefits.

• Access to an Employee Assistance Programme for confidential support and help for everyday matters.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities.

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris.

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

Job Title:Sr Quantitative Finance Analyst - Non-Registered

Paris

Vice President

This job is responsible for leading auditing activities of model risk management across the company and for specific business units or control functions. Key responsibilities include leading the audit assessment of effectiveness of controls supporting the model life cycle including model governance, development, validation, on-going monitoring, and model change management. Job expectations may include the ability to influence management’s strategic direction and actions to strengthen the model risk control environment.

Responsibilities:

• Leads audit assessment of effectiveness of controls supporting the model life cycle including model governance, development, validation, on-going monitoring, and model change management.
• Performs review of model development analysis and on-going model performance testing to assess the conceptual soundness of the model methodology, reasonableness of the model assumptions and the completeness and accuracy of the model testing.
• Conducts review the model validation analysis to assess the effectiveness of the model validation process. Assesses the completeness and reasonableness of the model assumptions, limitations and independent model testing.
• Provides insightful challenges to management, identifies control deficiencies or enhancement opportunities, conducts root cause investigation, documents and reports audit findings.
• Works closely with teammates from multiple internal audit teams to ensure a comprehensive coverage of model uses across the various lines of business of control functions.
• Works closely with model stakeholders and senior management with regard to communication of audit assessment outcomes.

Required Qualifications:

• Bachelor's Degree or above in a quantitative discipline such as Mathematics, Statistics, Finance, Economics, Engineering, or Science
• Strong industry experience relating to financial modelling and model uses, particularly in trading models and Counterparty Credit Risk models
• In-depth understanding of EU regulations relating to internal models

Desired Qualifications:

• Master's degree or above
• Hands-on experience working with EU regulators highly desired;
• Knowledge in other types of models preferred ( such as used for market risk, ICAAP, ILAAP, IFRS9)
• Prior auditing background preferred

Skills:

• Critical Thinking
• Quantitative Development/Validation
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Collaboration
• Problem Solving
• Risk Management
• Data Modeling and Trend Analysis
• Written Communications

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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

Job Description

Job Title:Credit Risk Officer

VP/Director

Role Description

GCIB Credit is responsible for analysing and delivering credit underwriting debt financing solutions and derivative strategies for medium and large corporate clients of GCIB & Global Markets (GM). GCIB includes Corporate Banking and Investment Banking and GM includes Sales & Trading. The group provides services to middle-market and large corporations, government entities and institutional investors. Services including mergers and acquisition advice, equity and debt capital raising, corporate lending, sales and trading in fixed income, commodities, currency and equities, risk management, research, and liquidity and payments management.

Responsibilities

• Perform financial and credit analysis, risk rating analysis ensuring adherence to prevailing credit policy and procedures for an assigned portfolio.
• Independently assess credit worthiness, perform intensive qualitative and quantitative due diligence of prospective borrowers and/or trading counterparties and establish appropriate terms and conditions to mitigate risk.
• Structuring transactions, underwriting and negotiating credit documentation designed to meet both client and investor needs including credit agreements, amendments, derivative documentation.
• Ensuring granularity of the portfolio with specific reference to targets for net country/credit capital, legally binding commitments, total exposure and asset quality.
• Establish appropriate internal risk ratings for clients and implement accurate adjustments throughout the client’s credit life cycle.
• Ensuring that the portfolio and credit management process are at all times rated "satisfactory" by internal auditors, the Credit Review group and external Regulators.
• Develop and maintain a deep understanding of the product spectrum and portfolio at the client, industry, and macro level to assess risk and craft value added solutions balancing risk.
• Develop, maintain, and manage internal relationships with business partners including Corporate and Investment Bankers, Sales & Trading, Risk Management, Syndications, and Legal.
• Participate in strategic projects to support business goals.
• Providing appropriate coaching and development to junior teammates.

What we are looking for

• BA/BSc degree (or equivalent); Finance, Accounting or Economics would be beneficial.
• Credit risk experience at a major international financial institution, analysing, assessing companies and knowledge of EMEA and specific industry sectors, structuring transactions and documentation.
• Credit skills, risk judgment and broader risk awareness and understanding of the wider business, market and regulatory environment in which the bank operates, and how that impacts client and portfolio’s credit profile and ability to defend rigorously a fact-based point of view.
• Sound product/technical, documentation and process knowledge across lending, trade finance and derivative (FX, rates, commodities and equities) products.
• Acting as an agent of change/improvement, influencing corporate policy/procedure and projecting a positive strategic vision.
• Commercial mindset to support value added discussions with effective interpersonal and written and verbal communication skills, and attention to detail and accuracy.
• Fluency with use of Microsoft Office applications, particularly Excel; including ability to prepare and/or review company specific financial models in Excel.
• Strong organisational skills with ability to prioritise and work under pressure, drive deal selection, negotiate solutions, strong transaction management process, and proactively manage credit risks.
• Understanding of credit risk sensitivities in the portfolio and risk drivers of the exposures.
• Keen interest in finance, macroeconomic and geopolitical issues.
• Fluency in English required. Additionally, other European language skills highly beneficial.

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Ireland

• 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 as a result of a disability or health reasons
• 20 days of back-up childcare 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 wellbeing account, travel insurance, critical illness etc.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
• Ability to donate to charities of your choice and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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

Role Description:

Enterprise Model Risk Management seeks a Senior Quantitative Finance Analyst to support the management of price and valuation risks associated with models used in Global Markets to support the Global Markets line of business with a particular focus on portfolio model risk analysis and Finance models. The role will also support the Legal Entity oversight of GM models in the French entity.
The role involves hands-on expertise to conduct independent review and testing of complex models, it also requires the ability to develop tactical tools to organize ad-hoc analysis and identify emerging model risk themes. It will require collaboration with model development teams, front line units, and support functions hence good communication skills are required. The Senior Quantitative Finance Analyst will produce technical reports for distribution and presentation to stakeholders including senior management, audit, and banking regulators.

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on modeldevelopment/validation
• Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches ofdevelopment/validationprojects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

What we are looking for:

• Master's degree in quantitative fields such as Mathematics, Physics, Finance, Engineering, Computer Science, or equivalent
• Experience in model risk management or quantitative modelling at a financial institution with a focus on pricing models
• Strong written and verbal communication skills including ability to communicate clearly, effectively, and work well with people at all levels
• Deep understanding of the modelling process, model performance measures, and model risk
• Ability to manage multiple projects, follow up with issues and summarize discussions
• Strong coding ability in Python, knowledge of LaTeX document preparation and Git Bitbucket is a plus
• Experience with regulatory exams and interaction

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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