Bank Of America Senior Quantitative Finance Analyst - Market Risk Auditor 

United Kingdom, England, City of Westminster 

629622844

Job Description:

Job Title:Senior Quantitative Finance Analyst - Market Risk Auditor

Senior Vice President

Role Description:

Corporate Audit Market Risk Audit is a global team of subject matter experts in traded market risk and valuation. You will be expected to work closely with team members across the globe and engage with key partners in the Corporate Audit organization, including the Global Markets Audit, Model Risk Audit and Technology Audit teams. Existing members are drawn from wide range of quantitative backgrounds, and the team comprises former traders, market risk managers, front office and finance quants, and regulators. The team leads many high-profile audits comprising both regulatory-required and functional work, with continual senior management and regulatory focus. In this role you will gain exposure both within Audit and more widely in the firm.

Responsibilities:

• Working flexibly as part of the global team on audit projects as required, including providing subject matter expert support to other teams within Corporate Audit.
• Performing thorough technical analyses and summarizing results in concise and impactful report conclusions for distribution and presentation to senior management and bank regulators.
• Assessing the control environment effectiveness of market risk measurement and valuation processes within Global Markets Risk and Global Markets, providing independent challenge to existing approaches as needed.
• Proposing and executing test programs as part of day-to-day audit work.
• Developing and managing independent relationships with stakeholders across first and second lines.
• Maintaining timely and relevant knowledge and awareness of business, industry, and regulatory trends, best practices, and standards.
• Close work with a support development team to enhance and automate testing by leveraging new technologies and artificial intelligence.

What we are looking for:

• Has good knowledge of financial instruments and financial risk management principles, including exposure to Global Markets products, both derivatives and securities; a deep understanding and knowledge of market risk measures and fair valuation; and an excellent comprehension of financial modelling fundamentals.
• Understands internal audit’s role and objectives and how risk-based auditing is used to assess business process control environment effectiveness.
• Has demonstrable experience in risk management, price verification, quant or trading group in a bank or other financial institution.
• Has excellent presentation skills, with the ability to communicate clearly and effectively both verbally and in writing; ability to produce high quality technical documentation.
• Has the ability to problem solve; the ability to work both as a self-starting individual and as part of an integrated team; a positive outlook and an ability to work in a fast-pacedenvironment/multi-taskunder pressure; and is an intellectually curious, critical thinker.

Skills that will help:

• An advanced degree in a quantitative field (e.g. PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering, Physics, Computer Science, or related field).
• Experience in computational, engineering or scientific research or development roles.
• Knowledge of market risk capital regulation (Basel III implementation through the US Market Risk Rule and the Capital Requirements Regulation in EU and UK jurisdictions), awareness of requirements in the Fundamental Review of the Trading Book and the wider regulatory environment (e.g., Sound Practices for Model Risk Management, SR 11-7).

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 virtual tutoring 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
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• 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 Programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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