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Senior Quantitative Finance Analyst

Bromley, Kent, United Kingdom, £ £ - Annual Annual, Permanent


Job Description:

Job Title: Senior Quantitative Finance Analyst

Corporate Title : Director

Location: Bromley

Role Description:

  • Senior Quantitative Finance Analyst overseeing model risk management of algorithmic trading activities and use of AI/ML models in Global Markets.
  • Communicating and working directly with relevant modelling teams and their corresponding Front Line Units; and if needed, communicating and interacting with the third line of defence (e.g. internal audit) as well as external regulators and governance agents.
  • Conducting critical independent validation activities and assisting the head of the MRM team in the management of projects, governance routines, and other deliverables to support algorithmic trading.
  • Providing guidance to more junior team members to ensure, adherence to applicable policies, procedures and testing guidance.
  • Providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.

The Team:

At Bank of America, models are used for a broad range of activities, including but not limited to valuation, risk management, capital and liquidity planning, stress testing, underwriting and other strategic or day-to-day decision-making purposes. Bank of America recognizes the risk and uncertainty associated with the use of its models and the need to effectively manage this risk both at an individual level and in the aggregate.

The Model Risk Management (MRM) Team provides oversight for model risk across Bank of America's model inventory. The MRM Team independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; and escalates model use breaches and remediation plans to relevant governance committees.

The successful candidate will be joining the MRM Team covering models used in e-Trading as well as pricing models for Equities and Commodities derivatives. The Senior Quantitative Finance Analyst will be responsible for overseeing model risk management activities pertaining to algorithmic trading and use of machine learning models in Global Markets.

Key skills:

  • PhD or Master's degree in Mathematics, Statistics , Computer Science / Machine Learning, Data Science, or related field
  • Strong prior experience of model risk management or quantitative modelling in algorithmic trading at a financial institution
  • In-depth technical knowledge of common AI/ML techniques and strong understanding of risks associated with AI/ML and corresponding mitigants
  • Strong written and verbal communication skills including ability to communicate clearly, effectively, and work well with people at all levels
  • Strong knowledge of electronic trading strategies and applications, data science, and statistical theories
  • Deep understanding of the modelling process, model performance measures, and model risk.
  • Ability to drive innovation via thought leadership while maintaining end-to-end view.
  • Familiar with machine learning platforms/software (e.g., Python / sklearn, XGBoost, and R), algorithms, and techniques; and proficient in Python .

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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Job Details

Not Specified
Bromley, Kent, United Kingdom
£ £ - Annual Annual