Quantitative Finance Analyst (Stress Testing)

Job Description:

Job Title: Quantitative Finance Analyst (Stress Testing)

Corporate Title:  Up to VP

Location:  Paris

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

Supporting the EMEA stress testing team for the ICAAP and EBA stress testing requirements, as well as other regulatory or internal stress tests requests. Supporting the design and implementation of the scenarios, including review of exposure profiles and evaluating the inclusion of new and emerging risks.

Role Description:

You will support the design of the Global Market Shock scenarios, including review of exposure profiles and evaluating the inclusion of new and emerging risks. Analyze scenario analysis results to better understand the key drivers of the results. Work with subject matter experts to create presentations and documentation for stress testing activities. Engage with technology and data partners to improve the technology platforms used to manage the processes

Responsibilities:

• Performing end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analysing stress scenario results to better understand key drivers.
• Supporting the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritisation.
• Identifying continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
• Supporting the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.
• Working closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
• Performing statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.

What we are looking for:

• Substantial experience in the financial industry, ideally with exposure to market risk concepts.
• Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment.
• Highly proficient at communication with ability to influence co-workers across our global team and all levels of the organisation.
• Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes.
• Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously.

Skills that will help:

• Academic achievement in quantitative disciplines such as mathematics or statistics preferred.
• Familiarity with coding, Python or VBA.

Benefits of working at Bank of America:

France

• Competitive retirement plan in addition to State plans
• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
• Life and disability insurance
• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later
• Reimbursement of 50% of your commuter pass
• Nursery scheme for children under age 3
• Works council benefits
• Access to an Employee Assistance Programme for confidential support and help for everyday matters
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.