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Sr Quantitative Financial Analyst

Bromley, , United Kingdom

Job Description:

Job Title: Sr Quantitative Financial Analyst   

LOB: Model Risk Management – Independent Risk Management and Control Functions

Corporate Title: Director

Location: Bromley

A fantastic opportunity has become available for a Sr Quantitative Financial Analyst to join the Model Risk Management team in the Bromley office. Working as part of the wider Global Risk function, this position has a significant interaction with associates and stakeholders in the India, the UK and the US. The Wholesale Risk Loss Forecasting, Scorecards Models and Global Banking Models MRM team is an established team within MRM and has 16 associates place across the US, the UK and India. The team has regular interaction with GRA.

We are looking for a subject matter expert in commercial credit risk modeling space who will be responsible for validating stress testing, allowance, and capital models. The candidate must have a proven background in commercial credit risk assessment with extensive experience in either developing or validating models used for credit ratings, commercial loss forecasting or capital calculations.

Overview of the Role

  • Become an SME in the commercial credit risk modelling space

  • Responsible for validating stress testing, allowance, and capital models

  • This position is for a senior validator who will be expected to independently conduct validations involving evaluation of underlying assumptions, choice of risk drivers, statistical and mathematical methods, empirical evidence, data quality, and software implementation

  • The validator is expected to write independent code to conduct validation testing including development of independent benchmarking and alternative assumption analysis

  • This is a high visibility position and the senior validator will interact with model developers, model users, and model owners routinely

  • Proven quantitative/analytic skills with the ability to influence strategic direction, as well as develop tactical plans

Core Skills:

  • PhD in finance, economics, mathematics, or statistics (or other related quantitative discipline)

  • Extensive of relevant work experience

  • Expertise in developing or validating commercial credit risk models at large financial institutions

  • In-depth understanding of statistical inference and related techniques

  • Deep knowledge in a statistical or analytical modelling language such as SAS, Matlab or R

  • Experience working with large and complex data sets using Excel or SQL

  • Confident written and verbal communication skills

  • Deep understanding and knowledge of model performance measures

Desired skills:

  • Commercial Credit Risk loss forecasting or Capital calculations

  • Ability to work independently

  • Extensive knowledge of banking regulations on credit risk, model risk and credit risk modelling methodologies

  • Excellent academic qualifications with publications in respected journals

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:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Sr Quantitative Financial Analyst   

LOB: Model Risk Management – Independent Risk Management and Control Functions

Corporate Title: Director

Location: Bromley

A fantastic opportunity has become available for a Sr Quantitative Financial Analyst to join the Model Risk Management team in the Bromley office. Working as part of the wider Global Risk function, this position has a significant interaction with associates and stakeholders in the India, the UK and the US. The Wholesale Risk Loss Forecasting, Scorecards Models and Global Banking Models MRM team is an established team within MRM and has 16 associates place across the US, the UK and India. The team has regular interaction with GRA.

We are looking for a subject matter expert in commercial credit risk modeling space who will be responsible for validating stress testing, allowance, and capital models. The candidate must have a proven background in commercial credit risk assessment with extensive experience in either developing or validating models used for credit ratings, commercial loss forecasting or capital calculations.

Overview of the Role

  • Become an SME in the commercial credit risk modelling space

  • Responsible for validating stress testing, allowance, and capital models

  • This position is for a senior validator who will be expected to independently conduct validations involving evaluation of underlying assumptions, choice of risk drivers, statistical and mathematical methods, empirical evidence, data quality, and software implementation

  • The validator is expected to write independent code to conduct validation testing including development of independent benchmarking and alternative assumption analysis

  • This is a high visibility position and the senior validator will interact with model developers, model users, and model owners routinely

  • Proven quantitative/analytic skills with the ability to influence strategic direction, as well as develop tactical plans

Core Skills:

  • PhD in finance, economics, mathematics, or statistics (or other related quantitative discipline)

  • Extensive of relevant work experience

  • Expertise in developing or validating commercial credit risk models at large financial institutions

  • In-depth understanding of statistical inference and related techniques

  • Deep knowledge in a statistical or analytical modelling language such as SAS, Matlab or R

  • Experience working with large and complex data sets using Excel or SQL

  • Confident written and verbal communication skills

  • Deep understanding and knowledge of model performance measures

Desired skills:

  • Commercial Credit Risk loss forecasting or Capital calculations

  • Ability to work independently

  • Extensive knowledge of banking regulations on credit risk, model risk and credit risk modelling methodologies

  • Excellent academic qualifications with publications in respected journals

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-21038422

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Gail Danvers

Referral Bonus:

0

Street Address

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