Job Highlights
Title Senior Quantitative Finance Analyst
Type Full Time
Experience Required
Function Accounting/Finance
Location Bromley, England, United Kingdom
Company Bank of America
Company Profile
Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
Job Profile
The bank is searching for a Senior Quantitative Finance Analyst who will lead model development for the Incremental Risk Charge, Comprehensive Risk Measure, and Incremental Default Risk models. These models are used to measure different aspects of credit default and transition risk for the Global Markets portfolio and contribute to advanced approaches to regulatory capital requirements as well as forward capital planning and stress testing.
Be responsible for the development and support of the analytics underlying these models, as well as having matrix responsibility for the team members who support these models.
Educational Level
* Post-Graduate Qualification (preferably to PhD level) in quantitative finance or a quantitative field
Work Experience
* Experience in data analysis, with excellent research skills
* Solid working experience in a model development role, preferably with significant experience in credit modelling.
Duties/Responsibilities
* Engaging closely with all model stakeholders including model development, model risk, senior stakeholders, and our regulators to understand their expectations and plan the delivery of improvements that meet their requirements.
* Excellent written and oral communication, interpersonal and organizational skills, and ability to build and maintain relationships with personnel across areas and regions.
* In-depth analysis and development of the bank’s IRC, CRM, and IDR models, using quantitative tools to understand model behavior and identifying, supervising, and executing improvements to the model framework.
* Programming skills Python, C++; a solid understanding of sound software development
* Sense of focus and rigor in the completion of deliverables
* Supporting bank-wide drivers that impact these models – e.g. migration to FRTB, annual CCAR assessments
Skills/Knowledge/Abilities
* Ability to multitask with excellent prioritization skills.
Benefits/Perks
* 20 days of backup childcare including access to school holiday clubs and 20 days of backup adult care per annum
* Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
* 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
* 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
* Opportunity to access our Arts and 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.
* 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
* The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your circumstances including access to a well-being account, travel insurance, critical illness, etc.
Employer’s Statement
Bank of America (including affiliates) is an Equal Opportunity Employer. The bank considers all qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status, or any factor prohibited by law.
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