Global Quantitative Research 2027 Off-Cycle Analyst - Paris

Quantitative Research, Off-Cycle Intern

Paris, France

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, recognizing 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:

Quantitative investing is one of the fastest growing segments of the asset management industry, with new datasets and analysis toolkits helping to redraw boundaries every day. Bank of America’s strong focus in this space is evidenced from a fast-growing cross-asset investable indices franchise, as well as a cross-discipline client-centric research effort. We develop both tactical ideas and shape strategic thinking on derivatives instruments, risk factors, advances in portfolio construction, financial applications of modern data science and quantitatively driven systematic strategies across asset classes.

Programme Overview:

The Quantitative research summer or off-cycle intern within the cross-asset quant investment strategy team will learn about derivatives and help enhance research into and the development of quantitatively-driven systematic strategies.

Ideally the analyst will benefit from having prior experience of back-testing and/or portfolio construction in any asset class under real world constraints (e.g. liquidity criteria, transaction costs, rebalancing thresholds, etc) and crucially be able to support and stress test empirical results against economic theory. Apart from strategy development and contributing to research published by the team, the role’s scope includes engaging and coordinating internally with global quant research teams, leveraging existing datasets and infrastructure, as well as interfacing with the cross-asset client solutions teams in Equities and FICC.

Training and Development

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.

Responsibilities:

As a summer or off-cycle associate, your key tasks and responsibilities may include but are not limited to:

• Learning about derivatives instruments and strategies, as well as engaging in the team’s regular volatility publication workflow
• Undertake a project(s) set by the team, which may require gaining familiarity with diverse datasets as well as developing and using back-testing infrastructure
• Presenting project findings and further work to multiple research teams and stakeholders; developing financial intuition to both defend and challenge results.

Eligibility

• 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)

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. (Full time, off-cycle and IP), DO NOT INCLUDE FOR SPRING.

What We Are Looking For

• Financial market or academic experience of developing and backtesting quantitative investment strategies in Equities or FICC, including risk premia / factor-based investing
• Strong academic background in quantitative finance, financial engineering or applied mathematics (e.g. PhD or advanced Masters).
• Advanced proficiency in quantitative analysis and statistics including time series and big / complex datasets
• Exposure/experience in applying machine learning, natural language processing or advanced information theory
• Strong Excel and programming skills, preferably in Python, R, Matlab, VBA, SQL etc
• Fluency in English is essential and a second European language may be required for some roles
• Effective written and presentation skills – a key asset for a quant researcher is to write up and explain often complex concepts in the simplest terms
• Candidates should have a keen eye for detail – accuracy and consistency is crucial in this fast-paced environment
• Candidates must show a long-term interest in the field of quantitative finance and demonstrate achievements towards their pursuit of a career in this field.

Desired:

• Candidates must demonstrate the ability to work collaboratively and effectively in a team within a fast-paced environment, and show leadership and problem-solving skills.
• Exposure to derivatives a plus

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.

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.