Quantitative Research Summer 2023 Analyst - London

Quantitative Research, Summer Analyst

London, UK

Programme Overview & Job Description

Quantitative investing is one of the fastest growing segments of the asset management industry today. Bank of America's strong focus on this space is evidenced both from strong growth in a cross asset investable indices business as well as a cross-discipline research effort focused on educating clients (global asset owners and managers) on risk factors, advances in portfolio construction and quantitatively driven systematic strategies across asset classes.

The Quantitative research summer intern within the cross asset quant investment strategy team will help enhance research into and the development of quantitatively driven systematic strategies based on well known risk factors (e.g. Carry, Value, Momentum, Volatility, etc) as well as niche or new areas including higher frequency strategies across asset classes.

Ideally the analyst will benefit from having prior experience of back-testing and/or portfolio construction in any asset class under real world constraints (e.g. liquidity criteria, transaction costs, rebalancing thresholds, etc) and crucially be able to support and stress test empirical results against economic theory. Apart from strategy development and contributing to research published by the firm, the role’s scope includes engaging and coordinating internally with global quant research teams, leveraging existing datasets and infrastructure as well as interfacing with the cross asset client solutions teams in Equities and FICC. 

Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.

Qualifications

• Financial market or academic experience of developing and backtesting quantitative investment strategies in Equities or FICC, including risk premia / factor-based investing
• Candidates are required to be pursuing a degree from an accredited college or university with a graduation year of 2024
• Strong academic background in quantitative finance, financial engineering or applied mathematics (e.g. PhD or advanced Masters).
• Advanced proficiency in quantitative analysis and statistics including time series and big / complex datasets
• Exposure/experience in applying machine learning, natural language processing or advanced information theory
• Strong Excel and programming skills, preferably in Python, R, Matlab, VBA, SQL etc
• Fluency in English is essential and a second European language may be required for some roles
• Effective written and presentation skills - a key asset for a quant researcher is to write up and explain often complex concepts in the simplest terms
• Candidates should have a keen eye for detail - accuracy and consistency is crucial in this fast-paced environment
• Candidates must show a long-term interest in the field of quantitative finance and demonstrate achievements towards their pursuit of a career in this field.
• Candidates must demonstrate the ability to work collaboratively and effectively in a team within a fast-paced environment, and show leadership and problem-solving skills.
• Exposure to derivatives a plus

About us

The worlds of sustainable finance, workplace culture and technology are evolving fast. Together we can shape them to be smarter, greener, safer and more inclusive.

At Bank of America, we care deeply about our planet and the people on it. That's why each year we provide billions of dollars in financing for sustainable business activities. We develop emerging technology to help organisations gain funding more safely, rapidly and globally than ever.

Join us and we'll help you shape your own world through opportunities to learn, grow and belong. You'll work in collaborative global teams with mentorship programs, employee networks and events to build friendships and support.

As a valued member of our team with responsibilities from day one, we'll ask that you take the time to understand our Code of Conduct and how we manage risk.

We need all kinds of people, perspectives and skills, so if you're as passionate as we are about making the world better, this could be the opportunity for you.

Our recruitment process

Analyst Internship and Full Time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it's best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one - and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we're proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.

What if I need workplace adjustments?

We're committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We'll get back to you within two business days.

We offer a competitive Salary and Benefits package