Global Quantitative Data Analytics, Summer 2027 Analyst - London
Bank of AmericaLondon, England, United Kingdom
Added 1 Sept · still live
Not disclosed
Salary
Not disclosed by employer
£55,100
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
SOC 2433 (85% match) is an eligible occupation, with a going rate of £55,100, and Bank of America is a licensed sponsor. That is our reading of the rules. Whether they issue a Certificate of Sponsorship is still their call.
This could also be SOC 2431 (Management consultants and business analysts, Focus on risk management and business analysis) or SOC 2422 (Finance and investment analysts and advisers, Banking context with financial risk focus). We read the code off the advert, so it is our best guess, not the employer's.
About the role
EMEA, Global Quantitative Data Analytics Programme (QDAP) - Summer Analyst – Global Risk Management
London, United Kingdom
About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognising and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
The team:
Summer Analysts applying for this Global Quantitative Data Analytics Programme will join the Global Risk Management team.
Global Risk Management (GRM) is an enterprise control function that provides independent risk management for Bank of America, ensuring the company pursues its Responsible Growth strategy through strong risk management practices. GRM provides independent second-line oversight of risk-taking activities across the enterprise, assessing and effectively challenging risks while developing, validating, and implementing risk management measures that support effective risk identification, measurement, monitoring, and decision-making.
Programme Overview
The Global Quantitative Data Summer Analyst Programme is a 10-week internship designed to provide insight into how quantitative analysis, data and model-related activities support effective risk management across Bank of America.
As a Summer Analyst, you will gain exposure to how GRM uses analytical techniques, data-driven insights, and model lifecycle processes to identify, measure, monitor and manage risk. Depending on your team alignment, this may include exposure to areas such as model development for enterprise models, model risk management, model use, risk analytics, data analysis, stress testing, scenario analysis, or reporting.
Summer Analysts are given meaningful responsibilities, contributing to real business challenges while developing analytical judgement, problem-solving skills and stakeholder communication. Projects may involve interpreting data, assessing methodologies, documenting analysis, improving processes, or helping teams translate technical information and analytical findings into practical risk insights and decision-making.
The programme offers opportunities across quantitative, analytical, and data-oriented roles. You will build relationships across GRM, collaborate with business partners and gain exposure to senior leaders while developing skills for a career in quantitative and analytical risk management.
Training and Development
London, United Kingdom
About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognising and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
The team:
Summer Analysts applying for this Global Quantitative Data Analytics Programme will join the Global Risk Management team.
Global Risk Management (GRM) is an enterprise control function that provides independent risk management for Bank of America, ensuring the company pursues its Responsible Growth strategy through strong risk management practices. GRM provides independent second-line oversight of risk-taking activities across the enterprise, assessing and effectively challenging risks while developing, validating, and implementing risk management measures that support effective risk identification, measurement, monitoring, and decision-making.
Programme Overview
The Global Quantitative Data Summer Analyst Programme is a 10-week internship designed to provide insight into how quantitative analysis, data and model-related activities support effective risk management across Bank of America.
As a Summer Analyst, you will gain exposure to how GRM uses analytical techniques, data-driven insights, and model lifecycle processes to identify, measure, monitor and manage risk. Depending on your team alignment, this may include exposure to areas such as model development for enterprise models, model risk management, model use, risk analytics, data analysis, stress testing, scenario analysis, or reporting.
Summer Analysts are given meaningful responsibilities, contributing to real business challenges while developing analytical judgement, problem-solving skills and stakeholder communication. Projects may involve interpreting data, assessing methodologies, documenting analysis, improving processes, or helping teams translate technical information and analytical findings into practical risk insights and decision-making.
The programme offers opportunities across quantitative, analytical, and data-oriented roles. You will build relationships across GRM, collaborate with business partners and gain exposure to senior leaders while developing skills for a career in quantitative and analytical risk management.
Training and Development
Supporting your development is a key priority, with formal training at the start of the programme complemented by on-the-job learning, speaker events, and mentorship opportunities.
Responsibilities:
Responsibilities:
- Supporting analysis of data, models, methodologies or risk processes to help inform business and risk management decisions
- Applying quantitative, analytical or problem-solving skills to projects aligned to your assigned team
- Helping interpret data, trends or model outputs and communicate findings clearly to technical and non-technical stakeholders
- Supporting activities across the model lifecycle, which may include development, validation, implementation, monitoring, documentation or use of models, depending on team alignment
- Conducting research and analysis using internal and/or external information to support risk assessments, scenario analysis, reporting or governance
- Contributing to process improvements, documentation, controls or analytical tools that help teams work more effectively
- Partnering with Risk Managers, quantitative specialists, technology partners and business stakeholders to understand how risk is identified, measured and managed
- Building relationships across Global Risk through project work, networking, mentoring, speaker sessions and development opportunities
- Candidates are required to be pursuing a Bachelor’s or Master’s degree from an accredited college or university with a completion time frame between September 2027 and July 2028. Completion means that you have completed all final exams, coursework, and have no outstanding requirements for graduation. Please note that we reserve the right to request evidence of this completion date before extending an offer.
- On track for a minimum 2:1 degree classification (or equivalent)
- Must be available to join the programme from June 2027 to August 2027
Candidates who perform well during the internship may be offered full time employment to commence in July 2028; some lines of business may also offer the opportunity of a January or April start date. You must be available to join on one of these start dates if offered, unfortunately we are unable to offer deferrals.
What We Are Looking For
Essential:
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.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
What if I need workplace adjustments?
What We Are Looking For
Essential:
- Clear motivation for exploring a quantitative, data or analytical career within risk management and financial services
- Interest in how financial institutions identify, measure, monitor, and manage risk using data, models, and analytical judgement
- Strong analytical, numerical, and problem-solving skills, with sound judgement and attention to detail
- Ability to structure analysis and communicate technical concepts, conclusions, and limitations clearly to technical and non-technical stakeholders.
- Intellectual curiosity, critical thinking, and willingness to learn technical concepts
- Ability to work independently and collaboratively in a fast-paced environment
- Commitment to continuous learning, operational excellence, integrity, and professional conduct
- Fluency in English, which is essential for all roles; a second language may be advantageous
- Exposure to quantitative, analytical or data-related disciplines such as statistics, probability, data analytics, machine learning or financial modelling
- Familiarity with analytical tools or programming languages such as Python, R, C++, MATLAB, SQL, Tableau, Power BI or similar
- Knowledge of risk management, financial products, markets or quantitative finance concepts
- Interest in model lifecycle activities, including model development, validation, monitoring, governance or model use
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.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
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 will be more than happy to discuss the support you need, and we will respond to your email within two business days.
This description is the source posting as it read when we added it. We are not affiliated with Bank of America, so check their own site for the current details.
Where this offer sits in the market
SOC 2433 · UK · ONS ASHE 2025 · ~40k in sampleP25 £42kP75 £74k
£36kmedian £53kgoing rate £55k£74k
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Does this job guarantee visa sponsorship?
Not necessarily. Bank of America holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 2433 going rate of £55,100. New-entrant and shortage discounts can lower it.