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Senior Quantitative Finance Analyst

Paris, , France

Job Description:

Job Title: Senior Quantitative Finance Analyst

LOB: Global Risk / Model Risk Management  

Corporate Title: Director

Location: Paris

Bank of America Securities Europe (BofASE) is looking for a Director in the Model Risk Management (MRM) team. The successful candidate will work at part of the global team covering model risk management for market risk models. This team currently consists of 17 full time employees, located in New York, Chicago, London and India. You will get exposure to the local and global market risk management teams and have ample opportunity for learning about risk management and the business.

Responsibilities:

  • The successful candidate will cover market risk models for BofASE’ S Global Markets business, which includes models for VaR, RNiV/RNiME, IRC/CRM and stress testing

  • While leveraging global resources of the bank, they will ensure that the models in production take into account the specificities of the risk profile of the BofASE and of the regulatory environment and corresponding modeling differences

  • The role encompasses oversight for all aspects of model validation for BofASE, including full scope and limited change validations, ongoing monitoring of the models’ performance, required action items and annual model reviews

Core Skills:

  • Education: Masters or PhD degree in a technical field such as mathematics, physics, statistics or financial mathematics

  • Proven experience in the quantitative modelling or validation fields

  • Confident  knowledge of financial, mathematical and statistical theories and practices

  • Deep understanding of the modeling process, including model performance measures and model risk

  • Proven knowledge of regulations applicable to BofASE, including …, RTS, TRIM

  • Excellent written and oral communication

  • Extensive experience with market risk models such as VaR, RNiME and ICR/CRM

  • Confident speaking / presentation skills in a professional setting

  • Experience with regulatory interactions

  • Attention to details

  • Willingness to learn

  • Excellent work ethic

  • Team player

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.

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: Senior Quantitative Finance Analyst

LOB: Global Risk / Model Risk Management  

Corporate Title: Director

Location: Paris

Bank of America Securities Europe (BofASE) is looking for a Director in the Model Risk Management (MRM) team. The successful candidate will work at part of the global team covering model risk management for market risk models. This team currently consists of 17 full time employees, located in New York, Chicago, London and India. You will get exposure to the local and global market risk management teams and have ample opportunity for learning about risk management and the business.

Responsibilities:

  • The successful candidate will cover market risk models for BofASE’ S Global Markets business, which includes models for VaR, RNiV/RNiME, IRC/CRM and stress testing

  • While leveraging global resources of the bank, they will ensure that the models in production take into account the specificities of the risk profile of the BofASE and of the regulatory environment and corresponding modeling differences

  • The role encompasses oversight for all aspects of model validation for BofASE, including full scope and limited change validations, ongoing monitoring of the models’ performance, required action items and annual model reviews

Core Skills:

  • Education: Masters or PhD degree in a technical field such as mathematics, physics, statistics or financial mathematics

  • Proven experience in the quantitative modelling or validation fields

  • Confident  knowledge of financial, mathematical and statistical theories and practices

  • Deep understanding of the modeling process, including model performance measures and model risk

  • Proven knowledge of regulations applicable to BofASE, including …, RTS, TRIM

  • Excellent written and oral communication

  • Extensive experience with market risk models such as VaR, RNiME and ICR/CRM

  • Confident speaking / presentation skills in a professional setting

  • Experience with regulatory interactions

  • Attention to details

  • Willingness to learn

  • Excellent work ethic

  • Team player

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.

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-21056867

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Veronique Derissaint

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008