Job Description:

Job Title: Senior Quantitative Finance Analyst

Corporate Title: Up to Director

Location: Paris

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:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

The Team:

Enterprise Independent Testing and Global Risk Analytics - Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA and EIT drive innovation, process improvement and automation.

Role Description:

Scenario & Enterprise Risk Analytics (SERA), part of GRA, provides valuable insights into decision-making processes by decoding and quantifying risks to support our business strategy to achieve responsible and sustainable growth. SERA develops models that simulate various macroeconomic and financial market scenarios, drive wholesale credit risk processes, and support Responsible Growth to support regulatory, audit, and internal risk management needs.

The SERA Legal Entity (LE) SME will provide horizontal support across the SERA portfolio of models in-scope for legal entity compliance. This role ensures compliance with ECB expectations and local regulatory requirements, facilitates governance for significant models, and serves as the primary liaison between SERA Model Development and Forecast Admin teams, legal entity stakeholders and regulators. The SME will also chair and / or participate in the GRA Legal Entity Steering Council, driving alignment and oversight of legal entity-related activities.

Responsibilities:

• Act as the primary liaison between the SERA organization and the GRA LE Steering council (SteerCo), legal entity stakeholders and ECB regulators for in-scope models.

• Ensure stakeholders are informed of models impacting their inventory and facilitating the SteerCo review of relevant items such as model development charter, model design, ongoing monitoring, and regulatory reports.

• Advocate for legal entity and regulatory requirements and necessary changes.

• Maintain deep familiarity with significant models and legal entity requirements.

• Manage and / or participate in the GRA Legal Entity Steering Council, including:

• Setting agendas and facilitating discussions.

• Reviewing model changes, calibrations, validation results, and forecasts.

• Ensuring compliance with ECB expectations and local regulatory requirements.

• Facilitating escalation to the European MRC Sub-Committee as needed

• Support operational considerations such as LE-specific procedures within the Model Development Process (MDP).

What we are looking for:

• Bachelor’s degree in risk management, Finance, Economics, or related field; advanced degree preferred.

• Several years of experience in risk analytics, model governance, or regulatory compliance.

• Strong understanding of ECB requirements and governance frameworks.

• Proven ability to collaborate with diverse internal stakeholders and regulators.

• Highly organized with the ability to manage multiple workstreams and governance forums.

Preferred Skills:

• Familiarity with ICAAP, IFRS9, EBA Stress Testing, and significant model governance.

• Experience managing committees or steering councils.

• Effective communication and influencing skills at senior levels.

Benefits of working at Bank of America (France):

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

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.