Commodities Quant jobs at Bank Of America in United Kingdom, London

Responsibilities:

• You will be assisting the Cross Assets Strats team as part of the Strategic Risk and PnL project to re-factor and redesign our market model code.

• This project seeks to explain the risk and PnL of the Global Markets business in a strategic fashion

• Working as part of a team of 8 people, you will be writing and debugging code in Python, running within Quartz, the in-house bank platform.

• On-going learning about and debugging existing market model code used for calculating risk and PnL, simplifying and optimizing it to perform more efficiently.

• Programming ability is most highly prized. Financial knowledge is desirable but not strictly necessary, provided there is a willingness to learn.

What we are looking for:

• You are passionate about programming and are comfortable with a variety of programming languages and paradigms

• You have previously written a scripting language, or at least know how you might go about it

• You appreciate functional programming concepts and writing algorithms in a functional style

• You have good mathematical abilities and want to learn more about using mathematical techniques to analyse data

• You have financial and quantitative knowledge, and would like to learn more

Key Requirements

• Proficient in Python, C++, Java, Lisp or other

• Excellent analytical skills

• Good communication skills

• Bachelors or master’s degree in computer science, Mathematics, Finance or related field

UK

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

• 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.

• 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.

• 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 wellbeing account, travel insurance, critical illness, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’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.

Responsibilities:

• You will be assisting the Cross Assets Strats team as part of the Strategic Risk and PnL project to re-factor and redesign our market model code.

• This project seeks to explain the risk and PnL of the Global Markets business in a strategic fashion

• Working as part of a team of 8 people, you will be writing and debugging code in Python, running within Quartz, the in-house bank platform.

• On-going learning about and debugging existing market model code used for calculating risk and PnL, simplifying and optimizing it to perform more efficiently.

• Programming ability is most highly prized. Financial knowledge is desirable but not strictly necessary, provided there is a willingness to learn.

What we are looking for:

• You are passionate about programming and are comfortable with a variety of programming languages and paradigms

• You have previously written a scripting language, or at least know how you might go about it

• You appreciate functional programming concepts and writing algorithms in a functional style

• You have good mathematical abilities and want to learn more about using mathematical techniques to analyse data

• You have financial and quantitative knowledge, and would like to learn more

Key Requirements

• Proficient in Python, C++, Java, Lisp or other

• Excellent analytical skills

• Good communication skills

• Bachelors or master’s degree in computer science, Mathematics, Finance or related field

UK

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

• 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.

• 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.

• 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 wellbeing account, travel insurance, critical illness, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’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.

Job Title:Commodities Quant

Director

Responsibilities:

• Develop, implement, and maintain pricing and risk models for a wide range of commodities derivatives.

• Contribute to the design and calibration of volatility surfaces and models.

• Design and build scalable model pricing code and quantitative software platforms that support risk analytics and trading needs.

• Work closely with traders, structurers, and risk managers to deliver high-performance analytics and model-driven tools.

• Write high-quality production code in C++ and Python, and contribute to the ongoing modernization of the analytics infrastructure.

• Write comprehensive model documentation to support internal governance and regulatory requirements.

• Collaborate with model validation and risk control teams throughout the model approval lifecycle.

• Support day-to-day analytics needs and participate in the continuous improvement of the platform.

Qualifications:

• Advanced degree (MSc/PhD) in a quantitative discipline such as Mathematics, Physics, Computer Science, Financial Engineering, or related quantitative field.

• Experience in a quantitative analytics or quantitative development role within a financial institution or a relevant industry.

• Strong experience in pricing and modelling derivatives, preferably in commodities, but FX, equities, or other complex products also considered.

• Solid knowledge of volatility modelling techniques and derivative pricing theory.

• Proficiency in C++ and Python for numerical computing and model development.

• Knowledge of working within a structured software development environment. Use of source code control systems, continuous integration environments, testing, release processes, etc.

• Excellent problem-solving skills, attention to detail, and strong communication abilities.

• Experience with model documentation and familiarity with model validation processes is a strong plus.

• Preferred Skills:

Preferred Skills:

• Exposure to commodities markets (including, but not limited to energy, metals, ags, gas, power, index).

• Familiarity with Monte Carlo methods, PDE solvers, and volatility calibration techniques.

Responsibilities:

This individual will work closely with the LOB supervisors and senior management/COOs and other support functions (e.g., Compliance, Enterprise Independent Testing (EIT), Risk, Operations and Technology, Legal, Audit and Human Resources). Their goal will be to ensure that the controls and supervisory framework is complete, keep up to date with changes within the organization and compliant with applicable laws, rules and regulations, implementing industry best practices.

What we are looking for:

• The ability to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:

• Be able to work within a global team within the GM BCO function charged providing expertise together with others, maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance governance and associated documentation;

• Demonstrated ability to interface with Regulatory agencies (e.g. PRA, FCA, etc.) as required, representing the bank and to be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;

• The ability to partner with global GM BCO and internal stakeholders to identify control gaps, design, implement and track through SIAIs remedial actions to close and continue to improve conduct and culture within the business and wider organisation;

• An individual who can support the bank’s Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;

• Be able to identify and resolve any gaps in the control framework;

• An individual who can provide BCO input into Enterprise and Global Markets policies and procedures;

• An individual with the presence to be able to represent Global Markets BCO at various committees, forums and meetings as required; and

• The ability to act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.

Experience required:

• Extensive industry experience within Global Markets and/or Support Functions;

• Able to demonstrate in-depth Commodities product knowledge;

• Understanding of Market Misconduct behaviors across Trading and Sales business;

• Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;

• Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;

• Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;

• Attention to detail and high standard for quality work product;

• Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;

• Inquisitive mindset and the ability to think creatively to solve problems and anticipate potential questions or issues;

• Effective time management and prioritization, strong multi-tasking abilities; and

• Excellent judgment in handling sensitive and confidential information;

Responsibilities:

This individual will work closely with the LOB supervisors and senior management/COOs and other support functions (e.g., Compliance, Enterprise Independent Testing (EIT), Risk, Operations and Technology, Legal, Audit and Human Resources). Their goal will be to ensure that the controls and supervisory framework is complete, keep up to date with changes within the organization and compliant with applicable laws, rules and regulations, implementing industry best practices.

What we are looking for:

• The ability to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:

• Be able to work within a global team within the GM BCO function charged providing expertise together with others, maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance governance and associated documentation;

• Demonstrated ability to interface with Regulatory agencies (e.g. PRA, FCA, etc.) as required, representing the bank and to be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;

• The ability to partner with global GM BCO and internal stakeholders to identify control gaps, design, implement and track through SIAIs remedial actions to close and continue to improve conduct and culture within the business and wider organisation;

• An individual who can support the bank’s Trade Surveillance Framework in the FLU or 1st Line responsibilities, includingdesign, implementation, parameter setting, regular reviews, venue coverage, data quality, alert dispositioning and investigations;

• Be able to identify and resolve any gaps in the control framework;

• An individual who can provide BCO input into Enterprise and Global Markets policies and procedures;

• An individual with the presence to be able to represent Global Markets BCO at various committees, forums and meetings as required; and

• The ability to act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.

Experience required:

• Extensive industry experience within Global Markets and/or Support Functions;

• Able to demonstrate in-depth Commodities product knowledge;

• Understanding of Market Misconduct behaviors across Trading and Sales business;

• Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;

• Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;

• Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;

• Attention to detail and high standard for quality work product;

• Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;

• Inquisitive mindset and the ability to think creatively to solve problems and anticipate potential questions or issues;

• Effective time management and prioritization, strong multi-tasking abilities; and

• Excellent judgment in handling sensitive and confidential information;