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Job Description: Corporate Title: Vice President Location: London Line of Business: Corporate Audit
Want to join a dynamic risk-focused team within our growing Corporate Audit function? Here in our London office we are seeking a dedicated Quantitative Finance Analyst who acts with integrity to join our Corporate Audit team.
The Quantitative Finance Analysts (QFA) will contribute to the Corporate Audit Model Risk group's enterprise-wide coverage of model risk management. The QFA will participate in audits of all aspects of model development, implementation and usage to provide independent assurance over the internal model risk control framework.
What will your main responsibilities involve?
Contribute towards to the delivery of the model risk audit plan through model risk audits and issue validation
Build understanding of processes related to model risk management, understand key risks and controls
Work with partners within various lines of business and control functions to assess the design and effectiveness of the control environment relating to MRM
Execute assigned audit work on time
Produce high quality audit work papers, presenting issues to management as well as issue and report writing
Provide subject matter authoritative support to other audit teams and engage with business partners to ensure comprehensive coverage of the MRM control environment
Mentorship and coaching of team members within the Model Risk Audit group
What skills and qualifications will you ideally possess?
PhD or Masters in a relevant quantitative discipline such as mathematics, statistics, operations research, physics, or economics (or equivalent experience)
Experience in financial services with deep knowledge in one or more businesses and products in which models are developed or applied
Knowledge of relevant regulatory requirements within MRM such as SR11-7 and SR15-18
Model Risk Audit experience
Good organisational and analytical skills
Quantitative, oral, and written communication skills
Ability to build excellent working relationships with teammates as well as senior management
About Bank of America Merrill Lynch Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses. The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.
Apply If you're interested in this opportunity please send your details to us by applying online. 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. 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.