Responsibilities:

• Provide leadership and technical acumen and experience in the design, implementation and deployment of new models, analytic processes or systems approaches.
• Critical to the role is to be able to provide current industry standards to develop innovative approaches to modelling problems.
• Collaborate with stakeholders across the company to collect requirements and then develop and build modelling and technical solutions to meet them; and effectively communicate those solutions to stakeholders.
• Provide insight and thought leadership into the implementation of new models, analytic processes or systems approaches.
• Promote the adoption of industry best practice for model development, implementation and monitoring.
• Collaborate with stakeholders across the firm to identify opportunities to improve existing models/processes.
• Produce clear and coherent technical documentation for internal and regulatory purposes.
• Be able to effectively govern models and processes to ensure we meet the highest levels of regulatory expectation.
• Take ownership to deliver results and meet critical deadlines.

What we are looking for:

• Highly numerical degree (Masters required and PhD level desirable) in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics, or Engineering
• Several years of relevant work experience or equivalent educational training
• Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics
• Experience developing and implementing large quantitative models, managing large data sets.
• Proven leadership abilities, working across organizational lines.
• Strong programming skills; SQL, Python, VBA, Latex
• Strong technical writing and clear verbal communication skills
• Experience of, and ability to work under pressure and deliver to tight deadlines.
• Ability to work independently, multitask and properly prioritize multiple projects.
• Curiosity and willingness to develop and work on new ways of modelling.
• Capable of providing leadership to junior team members
• Organized, practical and execution focused with some project management experience.

Skills that will help:

• Experience in credit risk modelling, Climate modelling, Capital modelling, loss forecasting etc. preferred.
• Knowledge of regulatory guidelines including CCAR, CECL, DFAST, ICAAP.
• Good stakeholder engagement skills with an ability to collaborate with colleagues in other functions (business, risk and model validation)
• Self-motivated and intellectually curious about both the role, supporting technologies and the wider bank.

Benefits of working at Bank of America (UK):

At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• 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 because of a disability or health reasons.
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 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 well-being account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause, and pregnancy & parenthood.
• Access to a range of gyms, exercise classes, and wellbeing Apps through Wellhub, including Headspace and Calm
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.

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, religious or similar philosophical belief, political opinion, 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.