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Sr Quantitative Finance Mngr

Bromley, , United Kingdom

Job Description:

Job Title: Sr Quantitative Finance Manager

LOB: Global Risk – Global Markets Risk Analytics

Corporate Title: Director

Location: Bromley

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM).  GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America.

GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard.  GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. 

In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities. 


 

Overview of the Team

Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It is responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets.

Overview of the Role

This role is within the Global Markets Risk Analytics team and is focused on driving the build-out of the full revaluation VaR/ES methodology at Bank of America. GMRA works closely with several technology groups, FO quants and Global Risk Management in this effort and to ensure that technical solutions are scalable, strategic, performant and deliver the required capabilities for EOD risk management, downstream analysis and subsequent reporting to regulatory bodies.

The Senior Quantitative Finance Analyst role’s responsibilities will involve:

  • Gaining a detailed technical understanding of the strategic front-to-back development stack based on the bank’s cross asset Quartz platform

  • Provide guidance and leadership in design across the stack to enable efficient and scalable calculations

  • Design and development of the market risk system with a focus on model analysis and deployment

  • Management of a group of experienced quant/developers within Global Risk Analytics that are embedded in the wider project

  • Assisting with high profile regulatory focused deliverables

Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, present to senior stakeholders, as well as develop tactical plans.

Required Education, Skills, and Experience

  • PhD or Master’s degree with quantitative emphasis in areas such as mathematics, engineering, or computer science

  • Strong programming skills in Python (C++), with relevant industry experience (7+ years)

  • Proven ability to manage quantitative development team

  • Current knowledge of modern software development and lifecycle

  • Strong problem solving skills with the ability drive strategic decision making

  • Experience in understanding large and complex inter-connected systems

  • Strong communication skills

  • A team player who can make an impact 

Desired Skills and Experience

  • Quantitative experience in Global Markets front office or Risk Management function

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:

H3

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Sr Quantitative Finance Manager

LOB: Global Risk – Global Markets Risk Analytics

Corporate Title: Director

Location: Bromley

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM).  GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America.

GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard.  GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. 

In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities. 


 

Overview of the Team

Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It is responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets.

Overview of the Role

This role is within the Global Markets Risk Analytics team and is focused on driving the build-out of the full revaluation VaR/ES methodology at Bank of America. GMRA works closely with several technology groups, FO quants and Global Risk Management in this effort and to ensure that technical solutions are scalable, strategic, performant and deliver the required capabilities for EOD risk management, downstream analysis and subsequent reporting to regulatory bodies.

The Senior Quantitative Finance Analyst role’s responsibilities will involve:

  • Gaining a detailed technical understanding of the strategic front-to-back development stack based on the bank’s cross asset Quartz platform

  • Provide guidance and leadership in design across the stack to enable efficient and scalable calculations

  • Design and development of the market risk system with a focus on model analysis and deployment

  • Management of a group of experienced quant/developers within Global Risk Analytics that are embedded in the wider project

  • Assisting with high profile regulatory focused deliverables

Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, present to senior stakeholders, as well as develop tactical plans.

Required Education, Skills, and Experience

  • PhD or Master’s degree with quantitative emphasis in areas such as mathematics, engineering, or computer science

  • Strong programming skills in Python (C++), with relevant industry experience (7+ years)

  • Proven ability to manage quantitative development team

  • Current knowledge of modern software development and lifecycle

  • Strong problem solving skills with the ability drive strategic decision making

  • Experience in understanding large and complex inter-connected systems

  • Strong communication skills

  • A team player who can make an impact 

Desired Skills and Experience

  • Quantitative experience in Global Markets front office or Risk Management function

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-21036500

Band: H3

Manages People:

Manager:

Talent Acquisition Contact:

Gail Danvers

Referral Bonus:

0

Street Address

Primary Location:
26 ELMFIELD RD, Bromley, BR1 1LR