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About the Role
The Quantitative Strategies & Data Group within Global Markets develops Python-based solutions on the Bank’s strategic platform, Quartz, delivering strategic and regulatory programmes. This hands-on role combines quantitative modelling, data analysis, and engineering, offering exposure across all asset classes and close collaboration with Front Office Technology, Risk, and Quant teams.
Responsibilities
- Develop and enhance market models (e.g. VaR) to ensure accurate measurement of risk exposures across trading books, in line with regulatory and internal governance requirements.
- Support the implementation of robust risk data testing frameworks to assess the appropriateness, completeness and reasonableness of risk scenarios, VaR, expected shortfall and stress test calculations.
- Investigate data issues and model anomalies, expanding and debugging the existing risk and PnL calculation code, and improving performance and maintainability.
- Partner with Tech, Quants and Risk partners to ensure that the solutions are scalable and aligned with the programmes’ needs.
- Drive continuous improvement through critical review of model development and validation outcomes, and constructive challenge and feedback on technical documentation.
Requirements
- Masters/PhD level in a quantitative subject (Mathematics, Statistics, Physics, Engineering, Computer Science or other analytical background).
- Proficient in Python, SQL, C++ and other.
- Excellent analytical and problem-solving skills.
- Strong communication skills.
- Risk knowledge is desirable but not strictly necessary, provided there is a willingness to learn.
- At least 2 years of financial markets experience.
Skills
- Python
- SQL
- C++
- Quantitative modelling
- Data analysis
- Engineering
- Risk modelling
- Market models
- VaR
- PnL calculation
Location
- Onsite
Work Type
- Full-time
Experience Level
- Junior to experienced professionals
Education Level
- Masters/PhD
Benefits
- Competitive benefits to support physical, emotional, and financial well-being.
About the Company
- 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.
- Being a Great Place to Work is core to how we drive Responsible Growth.
- We are devoted to being a diverse and inclusive workplace for everyone.
- We hire individuals with a broad range of backgrounds and experiences.
- Bank of America believes both in the importance of working together and offering flexibility to our employees.
- 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.
Equal Opportunity
- We are devoted to being a diverse and inclusive workplace for everyone.
- Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.