Economic Sanctions Quantitative Finance Analyst

Job Description:

Job Title: Economic Sanctions Quantitative Finance Analyst

Corporate Title: up to VP

Location: Bromley

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!

The Team:

As a part of Global Risk Analytics, Global Financial Crimes Modelling and Analytics is responsible for enterprise-wide financial crime model development and implementation, ongoing performance monitoring and optimization, data usage, and research and development utilizing advanced analytical tools and systems. The Global Financial Crimes Modelling and Analytics team is made up of seven sub-teams. GFCMA Economic Sanctions and Screening team is responsible for models that scan entities and transactions against sanctions watchlists as well as the models used to identify customers as part of the KYC process.

Role Description:

The Global Financial Crimes Modelling and Analytics - Quantitative Finance Analyst will work within the team to develop models and analytics using a range of modelling techniques .

Responsibilities:

• Designing and implementing models and analytics in Python, using both machine learning and statistics.
  
• Measuring model performance using a range of established techniques.
  
• Analysing datasets and interpreting results using both qualitative and quantitative approaches.
  
• Documenting models and analytics using formal mathematics.
  

What we are looking for:

• Graduate degree in quantitative discipline (e.g. Mathematics, Engineering, Physics or other STEM subject)
  
• Work experience in model development, statistical work, data analytics or quantitative research; or PhD
  
• Effectively creates a compelling story using data;
  
• Able to make recommendations and articulate conclusions supported by data
  
• Excellent Programming skills e.g. R, Python, SAS, SQL, R or other languages
  

Desired Skills and Experience:

• Experience with complex data architecture, including modelling and data science tools and libraries, data warehouses, and machine learning
  
• Knowledge of predictive modelling, statistical sampling, optimization, machine learning and artificial intelligence techniques
  
• Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis
  
• Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions
  
• Experience with data analytics tools (e.g., Alteryx, Tableau)
  

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 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.

Learn more about this role

Location: Bromley, GB

Posted Date: 11/23/2024