Quantitative Engineer jobs at Bank Of America in United Kingdom

Job Description:

Job Title:Senior Quantitative Financial Analyst – AML Model Risk Validation

Corporate Title:Director

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.

Role Description:

This job is responsible for conducting quantitative analytics and complex modelling 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.

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 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

Required Skills:

• Proven and diversified quantitative skills

• Familiarity and up-to-date knowledge with industry practices in the field Anti-Money Laundering techniques and typologies.

• Domain knowledge and familiarity with regulatory landscape including but not limited to model risk management, Anti-money laundering.

• Proficiency with Above-the Line and Below- the-Line (ATL/BTL) techniques, Sampling methods, AML Coverage Assessments is a plus.

• Prior experience in model development and/or model validation is a plus.

• Advanced knowledge and working experience in statistical methods, techniques, and financial data.

• Proficient in Python, SAS and SQL.

• Excellent written and verbal communication skills and collaboration skills (this role involves communicating with various groups within the firm).

• Critical thinking and ability to work independently and proactively identify, debate, escalate, suggest, and resolve issues.

• CAMS certification (preferred)

Minimum Education Requirements

• Advanced degree (PhD or Masters) in a quantitative field such as Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics, or related fields.

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 as a result of a disability or health reasons

• 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 etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• 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 Description:

London - UK

Job Title: Senior Java Engineer

Corporate Title: Director

The Equities Cash Technology team is a global team with a good presence in every region (AMRS, EMEA and APAC). We aim to maintain a global perspective while recognizing and responding to specific regional requirements that make each market unique.

Role Description:

This job is responsible for functionally leading a team. The team is working on number of algorithmic engines that support benchmark algos, smart order routing and internal crossing, serving the EMEA as well as global electronic business. Apart from a continuous stream of strategy container enhancements and regulatory requirements, the team is also working on number of framework related items. The underlying platform has been built on a Java framework with next generation low latency and high throughput at the heart of the application. There is a high degree of business and quants interaction.

The main responsibilities of this role include:

Delivery of key functional changes to the ETT strategy engines

• Delivery of core framework-level changes
• Interaction with quantitative trading group / quantitative traders to capture core requirements.
• Being involved with all aspects of the development lifecycle (gathering requirements, developing code, writing unit tests, reviewing patches, performing 2nd level support

The following skills are required:

• Excellent communication skills
• Demonstrated experience in developing modern systems using modern software development practices and an automation first mindset across the software development lifecycle, particularly around shift-left testing.
• In depth understanding of core Java API’s (collections, concurrency, NIO )
• Understand and have experience with multithreaded systems, working knowledge of the Java garbage collector, familiar with low latency I/O.
• Demonstrable experience of front office system design and architecture (algo trading plant and topology)
• Business Knowledge – Understanding of equities and/or derivatives markets.
• Understanding of benchmark algo and/or smart routing strategies (VWAP, TWAP, Arrival Price etc.)
• Understanding of and experience with design patterns (Observer, Factory, Singleton )
• Development practices - Should be able to use test focused development and be familiar with UML and OO design. Should have experience with Eclipse or IntelliJ, GIT, continuous build servers and Maven / Gradle.
• Should be able to work with and help more junior members
• Can demonstrate ability to work in a multi-faceted role (development with some testing, support, and analysis).

The ideal candidate will also have:

• Business Knowledge – Understanding of Futures, FX and/or FI.
• Experience working with agile methodologies.
• Knowledge of FIX (heart beating, login, sequence numbers, message types etc.)

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

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 etc.

Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

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

Corporate Title: Director

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.

Role Description:

GRQE are looking for a high-quality person to help drive forward the book of work and to directly support the team. They will work closely with the tech lead of the team to deliver successful outcomes across a broad range of responsibilities, and to drive change. There is a need to drive forward opportunities to create efficiencies through automation and to shape how the team conducts all of Change Management responsibilities.

Responsibilities:

• Drive forward Business, Product and Project Management capabilities across GRQE

• Support Tech Lead in guiding the team, particularly timely and effective delivery of the book of work, removing roadblocks for the team and make the team operate more efficiently

• Support COO in driving out future strategy for GRQE

• Responsible for driving forwards multiple concurrent projects, particularly the implementation of models onto the organisation’s target-state infrastructure and adoption of modular and reusable components, ensuring adherence to team business practices as well as Enterprise project governance and Change Management standards.

• Support effective delivery through good project management practices and provision of project management expertise to modellers and test owners.

• Provide business support to GRQE COO as necessary – this may include capacity planning, reports and returns, hiring activities, managing routines, etc.

• Drive Operational Excellence across GRQE through leading identification and implementation of change activities.

• Explore opportunities to automate project management and business management processes and reporting.

• Explore ways to optimize the team operating model for project management and business management practices.

What we are looking for:

• Considerable years of relevant experience in Business or Product or Project Management

• Good coaching skills - Ability to foster good collaboration among team members and help solve problems.

• Experience in financial services or a related field.

• Experience of business management and project management in a fast-paced organisation

• Good influencing skills

• Good evaluative, problem solving and organizational skills.

• Demonstrate mental curiosity to drive forward opportunities for improvement.

• ‘Control’ oriented experience and mindset

• Working knowledge of risk management

Skills that will help:

• Experience of Quantitative Engineering

• Experience of model development and the Model development lifecycle

• Excellent proficiency and good experience with JIRA (Horizon tools)

• Programming skills including Python, SQL – or the desire to learn these skills.

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 as a result of a disability or health reasons.

• 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 etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• 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.

Corporate Title: Vice President

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.

Role Description:

As a Senior Quantitative Finance Analyst – Quantitative Developer, your primary focus will be developing, maintaining and testing quantitative risk models, used by Global Markets. You should expect to contribute to the three main focuses of the team:

• Process Automation: improving efficiency and reducing operational risk

• Full Revaluation VaR: providing support and in-depth analysis for the Full Revaluation VaR and FRTB IMA programmes

• Strategic Risk Platform: advising and collaborating with teams across the wider organisation to centralise and better manage risk models and data

The team focuses on developing and testing new models/ systems so a pro-active, innovative approach is key. Further, you will often be asked to bring your technical expertise to other projects, requiring strong collaboration and communication skills.

Responsibilities:

• As a Senior Quantitative Finance Analyst – Quantitative Developer, your responsibilities within the team will be to:

• Perform detailed design and lead development of a market risk system focused on model analysis

• Work at the interface of Technology and Risk Quants

• Collaborate with a broad number of stakeholders across the Bank

• Produce production quality code to develop and maintain quantitative risk models

• Clearly communicate outcomes to stakeholders and senior management

• Improve efficiency and reduce operational risk across projects

• Take ownership of systems and changes

• Deliver in-line with the team’s priorities, GRA’s strategy and stakeholder’s requirements.

What we are looking for:

• Bachelor’s/MSc degree or equivalent with a quantitative emphasis in areas such as mathematics, engineering, or computer science

• Previous experience in derivatives pricing and/or Market Risk

• Tracking records and ability to design, lead and develop complex systems

• Excellent programming ability in Python including good understanding of object oriented programming principles, coding standards, test driven development, etc

• Prior financial experience, preferably within a large investment bank

• Strong communication skills and ability to work in a collaborative environment

• Self-motivated, pro-active and an able to run with issues

• Strong attention to detail, intellectual curiosity and commitment to excellence.

• A team player who can work with colleagues with different experience and backgrounds

Skills that will help:

• Python programming experience at a large, multi-national bank, using platforms such as Quartz, Athena, SecDb, etc.

• Experience with large dataset tools incl. relational databases, SQL and Tableau

• Experience developing, testing or maintaining Risk models such as VaR, FRTB or CCAR

• Familiarity with pricing models

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 as a result of a disability or health reasons

• 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 etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• 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 Description:

Job Title: Software Engineer

Corporate Title: Vice President

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 eTrading front office technology team develops and supports the front-office applications responsible for electronically pricing, negotiating, market making, and hedging. This role will be crucial in helping establish a world-class technology function focused on delivering results to support the Global Electronic Trading Rates businesses. You will be developing and supporting the UI components within the in-house electronic trading stack, the applications for which are used primarily by various desks globally.

Role Description:

We have an exciting opportunity for a Senior Developer to join as a FICC Rates eTrading UI lead within our FICC Macro Rates Electronic Trading Technology team to drive evolution of next generation FICC Rates eTrading UI for Global Rates eTrading business. The FICC Macro Rates Electronic Trading line of business has a serious commitment to expand its global electronic trading platform through the development of NextGEN trading stacks and strategic UI catering to the global Rates eTrading needs.

• Build high-performance, low-latency UI components.
• Functionally mentor a team of UI development team on the ground as well as in offshore location.
• Work with technology partners and business groups in the region and globally to deliver high quality products in a fast-paced environment.
• Liaise with end-users to understand their requirements.
• Work with the management and horizontal teams to advance the strategic UI roadmap.
• Develop robust systems with an eye towards performance, supportability, and maintainability.
• Advocate excellent development practices including pairing, code reviews, unit testing and regression testing.
• Collaborate with other developers, support, and front-office in the course of service delivery.

Required Skills:

• Science / Engineering Degree
• Experience with C#, .NET core (UI & server), WPF / React / Angular, JavaScript / TypeScript
• Development and technical guidance experience in complex UI application development with a background in multi-threaded implementation and low-latency messaging
• Experience with Multi-threading, low latency, high performance components & applications (including GC tuning)
• Experience with Linux, UNIX, Solaris and Agile methodologies.
• Experience with versioning tools such as GIT/Perforce/SVN.
• Excellent verbal/written communication skills and ability to coordinate different tasks and work with different stakeholder groups.
• Ability to organize multiple competing tasks and priorities with a rapidly changing environment.
• Experience with transport layer technology such as TCP/web socket, Refinitiv, Tibco Rendezvous
• Considerable debugging and troubleshooting skills on Linux/Windows using profiling tools.

Skills that will help:

• Experience working in Fixed Income eTrading technology domain specializing in the UI layer.
• Agile development practices with a focus on writing thorough and testable code.
• Experience with message-oriented middleware such as 29 West/Solace/AMPS/RV
• Domain knowledge within D2C and D2D eTrading workflows across cash & derivatives

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 as a result of a disability or health reasons
• 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 etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• 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.

Corporate Title: Assistant Vice President

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.

Role Description:

Quantitative engineers in Global Risk are responsible for designing and implementing common, reusable, and scalable software components. These components enable GRM’s data and analytical capabilities. These components can be domain independent (e.g., generic data quality tools over trillions of rows of data) or domain specific (e.g., classification models for surveillance or testing framework for Global Markets processes). Quantitative engineers work with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics. Quantitative engineers have a combination of software engineering, big data, and modelling skills and the ability to work across the entire spectrum of a big data stack – from data to logic to model to UI to UX.

Responsibilities:

• Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements
• Understanding financial data: schemas, flow, size, data issues, data controls, etc.
• Building performant big data pipelines
• Use programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes
• Collaborate with key stakeholders across the Bank to understand modelling and testing business processes and requirements
• Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks
• Source and evaluate data required for modelling and testing
• Design and develop and implement models and tests
• Produce clear, concise and repeatable technical documentation models and tests for internal and regulatory purposes

What we are looking for:

• Demonstrable experience in software engineering in Quantitative Finance or other industries
• Excellent Programming skills (e.g., Python) and a sound understanding of Software Development Life cycle principles
• Bachelor’s degree in Computer Science, a closely related field, or a degree from a program where software engineering was a key focus or equivalent work experience
• Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
• Experience with large scale data sets with structured or unstructured data
• Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc.
• Experience implementing process improvements and automation

Skills that will help:

• Software engineering: modular code, software lifecycle processes, unit testing, regression testing
• Big data: distributed computing paradigms (e.g., mapreduce, dataframes, etc), optimizing distributed software
• Modelling / quantitative: basic modelling techniques (regression, classification, clustering, etc)

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 as a result of a disability or health reasons
• 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 etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• 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.

Corporate Title: Vice President

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.

Responsibilities:

• Seek opportunities for consistent improvement in quality, efficiency, and processes
• Partner effectively with senior stakeholders within GRA & EIT, Front Line Units, Technology, Audit and Compliance
• Provide leadership and oversight to less experienced team members
• Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements
• Understanding financial data: schemas, flow, size, data issues, data controls, etc.
• Building performant big data pipelines
• Use programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes
• Collaborate with key stakeholders across the Bank to understand modelling and testing business processes and requirements
• Think outside the box of current industry standards to develop innovative approaches
• Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks
• Source and evaluate data required for modelling and testing
• Design and develop and implement models and tests
• Produce clear, concise and repeatable technical documentation models and tests for internal and regulatory purposes

What we are looking for:

• Software engineering: modular code, software lifecycle processes, unit testing, regression testing
• Big data: distributed computing paradigms (such as mapreduce, dataframes, etc), optimizing distributed software
• Modelling / quantitative: basic modelling techniques (regression, classification, clustering, etc)
• Bachelor’s degree in Computer Science, a closely related field, or a degree from a program where software engineering was a key focus or equivalent work experience
• Relevant experience in software engineering in Quantitative Finance or other industries
• Excellent Programming skills (such as Python) and solid understanding of Software Development Life cycle principles
• Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
• Experience with large scale data sets with structured or unstructured data
• Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc.
• Experience implementing process improvements and automation

Skills that will help:

• High level of intellectual curiosity
• Experience implementing strategic process improvements and/or automation
• Experienced in building relationships and effectively influencing key stakeholders
• Adept at detecting and remediating organizational / process weaknesses and deficiencies
• Feels ownership and accountability for delivering high quality work, able to balance multiple priorities and meet strict deadlines
• Excellent written, verbal, presentation creation and delivery skills, typically to very senior audiences
• Well organized with attention to detail

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 as a result of a disability or health reasons
• 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 etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• 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.