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Quantitative Business Analyst

London, , United Kingdom

Job Description:

Job Title: Quantitative Business Analyst

LOB: Global Credit Technology

Corporate Title: Vice President

Location:  London

Here in our London office we are looking to recruit for a Quantitative Analyst. This role is to support/lead Front Office trading Initiatives and regulatory projects, and you will have the opportunity to manage within the front office technology initiatives on trade capture, risk and P&L, regulatory reporting on credit products.

Responsibilities include:

  • Risk Engine computes Risk, PL Explain, ledges and complex scenarios for bond, credit derivatives, interest rate derivatives, loans and mortgage derivatives. The numbers produced by this system are used by traders, risk managers and MO personnel on a daily basis
  • Working with traders and portfolio strategist to ensure the daily risk is delivered accurately and on time
  • Providing business analysis support to traders, risk managers, trading support personnel and Finance - this includes explaining and justifying Risk, P/L Explain and GL numbers
  • Assisting business teams in system User Acceptance testing planning and execution
  • Team with FO Quant, Risk Quant, model validation and analytics developers to support new credit derivative products and model valuation. Ensure that the numbers produced by the RE are correct as the RE is enhanced and improved
  • Participating in various retirement, business enablement and regulator initiatives with business and horizontal Technology teams
  • Acting as primary sign-off point, coordinate deployment and go live plans with Tech & business partners

The Team:

The candidate will join a global team of business/product specialist with focusing on credit trading area. The team have been providing critical support functions to trading desks for the past 16 years.

Core Skills:

  • Master's degree or PhD required (preferably in Mathematics, Statistics, Physics or related field).
  • Extensive knowledge of fixed income finance, option pricing and modelling
  • Previous experience in producing PV and sensitivities on Excel with Quant library
  • Proven programming skills (Python, C++, SQL, or equivalent object-oriented programming)
  • Experience in high pressure working environment within a financial institute
  • Ability to successfully lead and deliver complex/critical projects in challenging environments
  • Experience in Agile/Scrum Management and Agile Tools
  • Ability to multitask across several project and assignment
  • Experience operating in a decision-making role
  • Experience facing off to the business
  • Good leadership and communication skills and collaborate effectively across diverse/global team

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.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Quantitative Business Analyst

LOB: Global Credit Technology

Corporate Title: Vice President

Location:  London

Here in our London office we are looking to recruit for a Quantitative Analyst. This role is to support/lead Front Office trading Initiatives and regulatory projects, and you will have the opportunity to manage within the front office technology initiatives on trade capture, risk and P&L, regulatory reporting on credit products.

Responsibilities include:

  • Risk Engine computes Risk, PL Explain, ledges and complex scenarios for bond, credit derivatives, interest rate derivatives, loans and mortgage derivatives. The numbers produced by this system are used by traders, risk managers and MO personnel on a daily basis
  • Working with traders and portfolio strategist to ensure the daily risk is delivered accurately and on time
  • Providing business analysis support to traders, risk managers, trading support personnel and Finance - this includes explaining and justifying Risk, P/L Explain and GL numbers
  • Assisting business teams in system User Acceptance testing planning and execution
  • Team with FO Quant, Risk Quant, model validation and analytics developers to support new credit derivative products and model valuation. Ensure that the numbers produced by the RE are correct as the RE is enhanced and improved
  • Participating in various retirement, business enablement and regulator initiatives with business and horizontal Technology teams
  • Acting as primary sign-off point, coordinate deployment and go live plans with Tech & business partners

The Team:

The candidate will join a global team of business/product specialist with focusing on credit trading area. The team have been providing critical support functions to trading desks for the past 16 years.

Core Skills:

  • Master's degree or PhD required (preferably in Mathematics, Statistics, Physics or related field).
  • Extensive knowledge of fixed income finance, option pricing and modelling
  • Previous experience in producing PV and sensitivities on Excel with Quant library
  • Proven programming skills (Python, C++, SQL, or equivalent object-oriented programming)
  • Experience in high pressure working environment within a financial institute
  • Ability to successfully lead and deliver complex/critical projects in challenging environments
  • Experience in Agile/Scrum Management and Agile Tools
  • Ability to multitask across several project and assignment
  • Experience operating in a decision-making role
  • Experience facing off to the business
  • Good leadership and communication skills and collaborate effectively across diverse/global team

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.

Learn more about this role

Full time

JR-20048871

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Radley Barco

Referral Bonus:

0

Check out the London office

We’re a stone’s throw from the London Stock Exchange and the iconic St. Paul’s Cathedral and a short walk to the artsy scene and trendy gastropubs in Shoreditch.

Two colleagues talking over coffee in front of a large window.
Man and woman talking while going up escalator
A rooftop terrace overlooking old and new buildings in London

Street Address

Primary Location:
2 King Edward St, London, EC1A 1HQ