Global Markets Quantitative Strategies Data Group Summer 2025 Analyst – London (Quants Group)

Quantitative Finance, Summer Analyst

London, UK

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:

During your time at Bank of America, you will be working within one of our trading businesses as part of the quantitative strategies and data group. In your role you will contribute directly to the firm by helping us serve our clients and manage risk.  You will be on active projects in the fast-paced environment of the trading floor.

Programme Overview

Our summer internship programme is designed to offer you an opportunity to apply your quantitative skills in an exciting and fast-moving environment. You will gain first-hand experience of kinds of problems the trading business faces and the vital role analytical skills play in solving them.

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 analyst, your key tasks and responsibilities may include but are not limited to:

• Creating pricing and valuation models to understand and manage the risks of complex derivative products.
• Applying advanced statistical and data science techniques to analyze market dynamics and client behavior.
• Developing models and strategies that the business use to make trading decisions.
• Studying, implementing and improving electronic trading algorithms.
• Building tools to improve the efficiency and profitability of the trading business.
• Analyzing and managing the risks of the array of financial instruments the firm manages.

Eligibility

• Candidates are required to be pursuing an undergraduate or postgraduate degree from an accredited college or university. Academic semester and all studies should be complete, with a graduation timeframe between September 2025 and June 2026.
• Achieved minimum of 112 UCAS point (or equivalent) and on track for a minimum 2:1 degree classification (or equivalent)
• Must be available to join the programme from June – August 2025

What we are looking for

Essential:

• An understanding of programming (preferably in an object-oriented language such as Python, C++, C# or Java)
• Expertise in relevant technical areas which could include any of: statistical/data analysis, financial mathematics and stochastic calculus, probability theory, numerical analysis, optimization techniques, machine learning, high performance numerical computing, compilers and programming languages, Monte Carlo simulation.

Desired:

• Great communication skills with an ability to convey complex ideas clearly to a diverse audience in both spoken and written form.

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.

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’ll get back to you within two business days.

We offer a competitive Salary and Benefits package