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The Quantitative Management Analyst Program (QMAP) is designed to develop and coach analytical and quantitative talent to be deployed throughout various Bank of America business groups. Upon completion of the program, QMAP graduates have a broad range of global career opportunities within the bank.
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.
As an Analyst, your key tasks and responsibilities may include but are not limited to
- Join a program focusing on capital markets, instrument pricing/valuation, and counterparty credit risk management
- Apply quantitative analysis to business problems and develop solutions in areas of Derivatives and Exotics, Price Valuation, Model Validation / Model Risk Management, Risk Analytics, Automated Solutions and Counterparty Credit Risk
- Implement solutions applying both qualitative and quantitative aspects in capital markets, finance, and risk management
- Use modelling techniques to quantify and determine solutions to business problems
- Gain real, in-depth experience applying quantitative knowledge to specific financial challenges
Training
The QMAP training curriculum is a multi-phase program that complements and enhances the hands-on experience you will develop in your assignments.
The goal of the training curriculum is to provide you with a broad introduction to core concepts and theories of quantitative modelling and risk management that you will encounter during your career at Bank of America, covering topics from the consumer, commercial and capital markets lines of businesses.
Training concepts discussed include: quantitative credit analytics, interest rate hedging, fixed income and derivative valuation, and market risk and typically consists of an initial one week of classroom training in the US.
Qualifications
The Quantitative Management Analyst program is seeking a combination of academic aptitude and quantitative skills including:
- Candidates are required to be recent graduates or in their final year with a graduation timeframe between Jan 2023 – Dec 2023 pursuing a Masters, PhD or other advanced degree from an accredited college or university in quantitative disciplines such as Engineering, Mathematics, Statistics, Computer Science, Quantitative Finance, and Economics
- Strong A-Level grades and on track for a minimum 2:1 degree classification (or equivalent)
- Demonstrates strong quantitative and analytical skills, ideally supported by a good understanding of global financial markets, products and tools
Skills
- Programming experience (preferably in an object oriented language such as Python, C++, C# or Java) (required)
- 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. (desired)
- Strategic and creative and critical thinking ability with exceptional communication skills
- Fluency in English is essential for all roles and a second language may be advantageous
- Team-working leadership and problem solving skills are key qualities along with the proven ability to work in a fast paced environment with a variety of people
- Communicates with Impact: Influences decisions and outcomes through effective communication
- Has a drive for operational excellence and a commitment to achieving sustainable results
- Demonstrates integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interactions
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 organizations 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.