EMEA | London | Global Quantitative Strategies| Off Cycle Programme

Global Quantitative Strategies Off Cycle Analyst

London, UK

Job Description & Program Overview

The Quantitative Strategies Group (QSG) is a quantitative team integrated within the Sales and Trading businesses of Global Markets that has been formed to create a sustainable commercial advantage for BofAML by reshaping its business around the concepts of innovation, data and models. The team is made up of business embedded desk strategists and quantitative modelers who contribute directly to the revenue generating activities of the firm helping us serve our clients and manage risk.

Desk strategists work on the trading floor together with traders and sales people focusing on the revenue generating activities of global markets. Strategist are the primary modelers for new products collaborating with traders on trade ideas and strategies and using models to understand and manage the risks of complex derivative products. They are also involved in researching, designing and implementing electronic trading algorithms and applying advanced statistical, machine learning, and data science techniques to analyse market and trade data. Responsibilities of a strategist include developing models and strategies that the business use to make trading decisions. They create pricing and valuation models for the array of financial instruments the firm manages, analyze the risks across large portfolios, design data driven execution algorithms and create tools to improve the efficiency and profitability of the trading business.

Quantitative Modelers research, design and implement the mathematical market models that are cornerstone of our execution platform and risk framework, driving the trading strategy of the firm. Our core modelling teams utilize large data sets performing research on market dynamics and client behavior to ensure a theoretically sound and computationally efficient approach is taken across global markets. The results of this research help us to price and manage the risk of large portfolios of correlated financial assets.

The off cycle program provides participants direct experience of working within the dynamic QSG team. As part of the internship you will be working within one of our trading businesses on active projects in the fast paced environment of the trading floor. Your training and development will be a priority and you will be provided with formal training, on the job support and opportunities to participate in educational speaker events. As part of your placement you will be provided a mentor and given the opportunities to network across the diverse team.

Placements will be made within our business integrated teams within FICC and Equities based on the business needs and the interests/skills of the off cycle intern and will last between three and six months. The areas that we will be recruiting for are Equities, Rates, Foreign Exchange, Credit, Commodities, Mortgages, e-Trading and Counterparty Portfolio Management (CPM).

Requirements

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organization understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well. In addition to these general requirement specifics that you will need to succeed within the QSG organization and the off-cycle internship program include

• Great communication skills with an ability to convey complex ideas clearly to a diverse audience in both spoken and written form. Fluency in English is essential.
• A desire and ability to collaborate across large and diverse teams, putting results ahead of individual recognition.
• Quantitative skills with Masters/PhD in a quantitative subject (Mathematics, Statistics, Physics, Econometrics, Engineering, Computer Science, Quantitative Finance)
• Programming experience (preferably in an object oriented language such as Python, C++, C# or Java)
• Understanding and expertise in relevant technical areas which could include: statistical/data analysis, probability theory, numerical analysis, optimization techniques, machine learning, high performance numerical computing, compilers and programming languages, Monte Carlo simulation.
• You'll need to demonstrate drive, innovation and a genuine interest in the financial markets

Our Commitment to Conduct and Environmental, social and governance (ESG)

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 mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

Analyst Internship and Full time recruiting takes place on a rolling basis once applications open. Assessments often begin before the deadline, so it`s best to submit your application early.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

We offer a competitive Salary and Benefits package.