Quantitative Research, Off-cycle Intern
Paris, France
About Us
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 organisation.
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!
The team
Quantitative investing is one of the fastest growing segments of the asset management industry, with new datasets and analysis toolkits helping to redraw boundaries every day. Bank of America’s strong focus in this space is evidenced from a fast-growing cross-asset investable indices franchise, as well as a cross-discipline client-centric research effort. We develop both tactical ideas and shape strategic thinking on derivatives instruments, risk factors, advances in portfolio construction, financial applications of modern data science and quantitatively driven systematic strategies across asset classes.
Programme Overview
The Quantitative research summer or off-cycle intern within the cross-asset quant investment strategy team will learn about derivatives and help enhance research into and the development of quantitatively driven systematic strategies.
Ideally the analyst will benefit from having prior experience of back-testing and/or portfolio construction in any asset class under real world constraints (e.g. liquidity criteria, transaction costs, rebalancing thresholds, etc) and crucially be able to support and stress test empirical results against economic theory. Apart from strategy development and contributing to research published by the team, the role’s scope includes engaging and coordinating internally with global quant research teams, leveraging existing datasets and infrastructure, as well as interfacing with the cross-asset client solutions teams in Equities and FICC.
Training and Development
Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.
Responsibilities:
As a summer or off-cycle associate, your key tasks and responsibilities may include but are not limited to:
Eligibility
What we are looking for
Desired:
Our recruitment process
Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.
We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we’re proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
What if I need workplace adjustments?
We’re committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.
We offer a competitive Salary and Benefits package
Learn more about this role