Bank Of America Quantitative Finance Analyst 

United Kingdom, England, City of Westminster 

992207207

Corporate Title: Assistant Vice President

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You will be working as part of the Enterprise Model Risk Management supporting the management of risks associated with models used in the Global Markets Equities line of business.

Role Description:

You will provide hands-on expertise conducting independent review and testing of complex models. You will also be required to develop tactical tools to organize ad-hoc analysis and identify emerging model risk themes. You will collaborate with model development teams, front line units, and support functions hence good communication skills are required. The 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 analyses stress scenario results to better understand key drivers.
• Supports 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.
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
• Supports the 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.
• Demonstrable experience in model risk management or quantitative modelling at a financial institution with a focus on pricing models.
• Excellent 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.
• Good coding ability in Python, knowledge of LaTeX document preparation and Git Bitbucket is a plus

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.