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    Senior Quantitative Finance Manager - London, United Kingdom - IFSC Online Ltd.

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    Job Description:

    Job Title:

    Senior Quantitative Finance Manager Corporate Title:

    Managing Director Location:

    London 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:
    Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space.

    In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind.

    Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London.

    Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.


    The Team:
    Global Markets Risk Analytics is part of Global Risk Analytics. Responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops tools to support regulatory, audit, and internal risk needs for Global Markets.

    Based in London this role sits within Market Risk Analytics group, which is responsible for providing quantitative and analytics support to Global Markets Risk on the Market Risk Value at Risk models.

    Additionally, you will have the opportunity to gain experience across all areas covered including Counterparty Credit Risk, Prime Brokerage, UMR-SIMM and IRC/CRM.

    As a Senior Quantitative Finance Manager, your responsibilities will involve:
    Develop quantitative risk models, analytics and applications in support of market risk assessment and regulatory capital calculation
    Perform analysis for VaR/RNiV model development, documentations/submissions and aid in addressing required action items raised by model risk, issues from regulators, audit and model performance tests
    Perform statistical analysis on market historical data and model parameters
    Develop and support benchmarking and back testing. Identify and explain any overages
    Partner with internal groups including Capital, Risk, Technology, Model Risk and Market Risk on model enhancement, performance testing and documentation to remediate internal and external requirements
    Conduct analysis and verification on market data, risk metrics and P&L time series
    Prepare developmental evidence and document to support internal and external exams
    Perform in-depth analysis on the bank's risk model results using various quantitative tools such as back testing, benchmarking, and sensitivity analysis
    Identify common themes across global markets along with ideas to improve
    Communicate the results of this to all model stakeholders including risk management, model development, model risk, senior stakeholders, and regulators
    Support model development in confirming remediation of model issues prior to their being taken live Desired Skills and Experience A PhD (preferred) or MSc degree in quantitative fields such as financial engineering, mathematics, statistics, physics, computer science, or equivalent
    Experience in developing FO pricing models or market risk models
    Advanced programming skills in Python
    Solid understanding of derivatives pricing especially the IR option pricing models
    In depth understanding of Value at Risk and statistical estimation methods
    Communication both written and verbal, and collaboration skills at the highest level
    Effective thinking skill to be able to critique and identify/suggest/resolve issues
    Work experience in IBOR/SOFR/ESTER/FRTB Benefits of working at

    Bank of America:
    UK Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
    Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
    20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

    The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

    Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
    Access to an Employee Assistance Program for confidential support and help for everyday matters
    Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

    Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.

    Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community


    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 dependents 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.

    #J-18808-Ljbffr

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