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About Bank of America

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. Combining local knowledge and global expertise, we offer products and services across Global Corporate and Investment Banking, and Global Markets. With a presence in Europe, the Middle East and Africa (EMEA) for more than 90 years, we have offices in 21 countries across three continents serving the needs of corporate, institutional and government clients.

Across the company, we are guided by a common purpose to help make financial lives better, through the power of every connection. We deliver on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It is demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive.

An important part of this work is forming strong partnerships with not-for-profits and advocacy groups, such as community, consumer and environmental organisations, to bring together our collective networks and expertise to achieve greater impact.

Technology underpins everything we do and our investment in this space allows us to develop and deploy leading-edge technology in areas such as mobile and online banking, payments processing, technology infrastructure, cyber security, risk, capital- and enterprise data management. Our mainframe environment is the third largest in the world.

Being a diverse and inclusive company has been a long-time priority for our CEO and his entire management team, and we see that commitment across our entire company – in our diverse workforce that allow us to bring our clients around the world, different perspectives that serve their unique needs; through programmes that support our employees; and in response to social issues that affect communities around the world. Our inclusive workplace allows all employees to be themselves, achieve personal success and contribute to the responsible growth of our company.

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Job Description & Program Overview

This off cycle internship offers a 10 week placement in a quantitative role within Bank of America, between the dates of June to August 2021. In your role you will contribute directly to the firm by helping us serve our clients and manage risk. You will be working within one of our trading businesses on active projects in the fast paced environment of the trading floor. Placements will be made within our business integrated teams based on their needs and the interests/skills of the candidate.

Our off-cycle internship program is designed to offer you an insight into working in an exciting and fast paced trading environment, and allow you to gain experience of the vital role quantitative skills play within the bank. Your training and development is our top priority with on the job support, educational speaker events and mentorship throughout.

As an Off-Cycle Intern, your key tasks and responsibilities may include but are not limited to:

  • Creating pricing and valuation models to understand and manage the risks of complex derivative products.
  • Applying advanced statistical and data science techniques to analyze market dynamics and client behavior.
  • Developing models and strategies that the business use to make trading decisions.
  • Studying, implementing and improving electronic trading algorithms.
  • Building tools to improve the efficiency and profitability of the trading business.
  • Analyzing and managing the risks of the array of financial instruments the firm manages.
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Qualifications

  • Quantitative skills with Masters/PhD in a quantitative subject (Mathematics, Statistics, Physics, Econometrics, Engineering, Computer Science, Quantitative Finance) with an expected graduation date in 2022.
  • An understanding of Programming (preferably in an object oriented language such as Python, C++, C# or Java)
  • 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.
  • 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.
  • You’ll need to demonstrate drive, innovation and a genuine interest in the financial markets

Analyst Internship and Full time recruiting takes place on a rolling basis once applications open. Assessments often begin before the deadline, so it is best to submit your application early and not waiting until the deadline.

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

What if I need workplace adjustments?
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers.  If you believe you may need a workplace adjustment in order to search for a job opening or completing an application including video interview, please contact us by emailing juniortalentemea@bofa.com. A response to your request may take up to two business days.

We offer a competitive Salary and Benefits package
Application Deadline
January 29 2021

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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 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.

For more information on our commitment to ESG, visit about.bankofamerica.com

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London

07506 563 885

info@ther3cruit.co.uk