Bank Of America Quantitative Finance Analyst 

United Kingdom, England, London 

524633721

Job Description:

Job Title:Quantitative Finance Analyst

Assistant Vice President

Responsibilities:

• Working closely with the Market Risk Methodology, Line of Business Risk Managers, and Technology teams, the candidate will work to enhance our overall risk management capabilities and provide support for the implementation, testing, and rollout of VaR/S-VaR market risk models

• Play a significant role in the business design and risk system requirements, ensuring the completeness and accuracy of all market risk models

• Liaise with Line of Business Risk Managers to provide market risk oversight, quantitative risk implications of regulatory changes, new product development etc. and enhance market risk models to reflect changes in the business environment.

• The role requires a flexible approach that can deal with problems that require pragmatic solutions and innovative thinking

• Proactively monitor and remediate any market data issues that is used in production risk measurement and reporting. Ensure the completeness, validity, and accuracy of market data on a daily basis

• Work with business data users to define the use of data within various risk systems.

• Work closely with technology to ensure the timely and accurate data processing on weekly schedule

• Implement effective market data controls of our data processes and systems. Participate in user acceptance testing of data control processes

• Work with other groups as needed, including Reporting, Back Testing, Enterprise Stress Testing and various Technology groups to ensure effective controls over market data for GBAM

What we are looking for:

• A good understanding of the key risk drivers at product, business, and firm-wide levels is required.

• Proven track record in the operational aspects of Market Risk, including design, testing and monitoring of Market Risk processes. The ability to contact and communicate portfolio impact analysis on process changes and updates to Line of Business Risk Managers potential risks is required

• Bachelor’s degree with emphasis in finance, economics, accounting, computer science, or quantitative disciplines with minimum 5 years work experience in the position offered or related. MBA/MS preferred.

• Progress toward CFA or FRM professional designation is strongly desired but will consider proven relevant experience

• A broad knowledge across financial products, market structure, asset classes, and risk with an understanding of Value at Risk (VaR) and its use in the market risk management area.

• Proven quantitative/analytical skills with understanding of capital regulations and how these apply to Market Risk is highly desirable.

• A solid background in the operation aspects of the market risk management area with emphasis on operational controls, testing and reporting

• Advanced desktop technology skills such as Excel and PowerPoint is a must (Bloomberg and Access skills are a plus but not required)

• Excellent verbal and written communication skills, including well-developed presentation skills.

• Some experience in computer programming, VBA, SQL, Python

• Candidates must be high energy, be motivated to take initiative and ownership of projects, and multi task in a fast paced environment, while paying 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.