Quantitative Engineer

Job Description:

Job Title: Quantitative Engineer

Corporate Title: Up to Vice President

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!

Location Overview:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll  find plentiful and easy commuting routes, with central London just 15 minutes away by train.

The Team:

Senior Quantitative engineers in Global Risk are responsible for designing and overseeing the implementation of common, reusable, and scalable software components. These components enable GRM’s data and analytical capabilities. These components can be domain independent (e.g., generic data quality tools over  billions of rows of data) or domain specific (e.g., classification models for surveillance or testing framework for Global Markets processes).

Senior Quantitative engineers work with senior modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics. Senior Quantitative engineers have a combination of software engineering, big data, modelling and management skills and the ability to work across the entire spectrum of a big data stack – from data to logic to model to UI to UX.

Responsibilities:

• Seek opportunities for consistent improvement in quality, efficiency, and processes

• Partner effectively with senior stakeholders within GRA, Front Line Units, Technology, Audit and Compliance

• Provide leadership and oversight to less experienced team members

• Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements

• Understanding financial data: schemas, flow, size, data issues, data controls, etc.

• Building performant big data pipelines

• Use programming skills and knowledge of software development lifecycle principles to  deliver high quality code for model and testing processes

• Collaborate with key stakeholders across the Bank to understand modelling and testing business processes and requirements

• Think outside the box of current industry standards to develop innovative approaches

• Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks

• Source and evaluate data required for modelling and testing

• Design and develop and implement models and tests

• Produce  clear, concise and repeatable technical documentation models and tests for internal and regulatory purposes

What we are looking for:

• Several years of relevant work experience

• Software engineering: modular code, software lifecycle processes, unit testing, regression testing

• Big data: distributed computing paradigms (e.g., mapreduce, dataframes, etc), optimizing distributed software

• Modeling / quantitative: basic modelling techniques (regression, classification, clustering, etc)

• Bachelor’s degree in computer science, a closely related field, or a degree from a program where software engineering was a key focus or equivalent work experience

• Several years of relevant experience in software engineering in Quantitative Finance or other industries

• Strong Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles

• Proven track record of seamlessly leading and executing enterprise-wide initiatives

• The candidate must be a strong communicator and able to effectively explain the rationale and details of the methodologies to a broad set of audiences that include key senior stakeholders across the Bank, as well as auditors and regulators

• Strong analytical and problem-solving skills

Candidates should have at least three of the following skills:

• Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions

• Experience with large scale data sets with structured or unstructured data

• Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc.

• Experience implementing process improvements and automation 

Skills that will help:

• Global Risk Management experience

• High level of intellectual curiosity

• Experience implementing strategic process improvements and/or automation

• Proven track record of building relationships and effectively influencing key stakeholders

• Adept at detecting and remediating organizational / process weaknesses and deficiencies

• Feels ownership and accountability for delivering high quality work, able to balance multiple priorities and meet strict deadlines

• Strong written, verbal, presentation creation and delivery skills, typically to very senior audiences

• Well organized with attention to detail

• Willing to challenge the status quo and with a track record of driving change

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• 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.