Global Markets Quantitative Strategies Data Group 2027 Summer Associate – London

Global Markets Quantitative Strategies Data Group 2027 Summer Associate – London Overview

Join Bank of America as a Summer Associate in the Global Markets Quantitative Strategies Data Group, where you will have the opportunity to apply your quantitative skills in a dynamic and fast-paced environment. This internship is designed to provide you with hands-on experience in addressing the challenges faced by the trading business and understanding the critical role that analytical skills play in resolving these issues.

About Us

At Bank of America, we strive to enhance financial lives through meaningful connections. Our commitment to Responsible Growth drives us to deliver exceptional service to our clients, support our teammates, and positively impact the communities we serve. We prioritize creating an inclusive workplace that fosters talent development and recognizes performance.

The Team

The Quantitative Strategies and Data Group (QSDG) leverages models, data, and analytics to provide impactful solutions to sales and trading teams across Global Markets. We adhere to the highest standards of governance, ethics, and scientific rigor while collaborating across various business lines.

Program Overview

This summer internship program offers a unique opportunity to apply your quantitative skills in a stimulating environment. You will gain firsthand experience in the types of problems encountered in trading and the essential role of analytical skills in addressing them.

Training and Development

Your training and development are our top priorities. The program includes extensive formal training at the outset, supplemented by on-the-job support, educational speaker events, and mentorship throughout the internship.

Responsibilities

• Develop and enhance pricing, risk, and analytics models for complex derivative products.
• Utilize statistical, machine learning, and AI techniques to analyze large datasets related to market trends, client interactions, and trading performance.
• Collaborate with traders to research, design, and implement quantitative trading signals and strategies for electronic and systematic hedging.
• Create frameworks and tools aimed at improving trading efficiency, risk management, and overall profitability.
• Develop and optimize electronic trading algorithms for execution and market-making processes.
• Employ modern AI technologies and agentic workflows to automate research, expedite model development, and refine trading decisions.

Eligibility

To be eligible for this internship, candidates must be pursuing a Bachelor’s or Master’s degree from an accredited institution, with graduation expected between September 2027 and July 2028. Applicants should be on track to achieve a minimum 2:1 degree classification or its equivalent. Candidates who excel during the internship may be offered full-time positions starting in July 2028, with some lines of business potentially offering January or April start dates.

What We Are Looking For

We seek candidates with:

• Excellent analytical, modeling, and problem-solving skills.
• The ability to work effectively in a fast-paced trading environment, both independently and as part of cross-functional teams.
• Strong communication skills to explain complex quantitative concepts to diverse audiences.
• Proficiency in programming, particularly in Python, with additional experience in Java or C++ being advantageous.
• A degree in mathematics, statistics, physics, computer science, engineering, or a related quantitative discipline.
• Desirable experience with numerical methods, stochastic modeling, and computational finance techniques.
• Knowledge of financial markets, trading workflows, and derivative products across various asset classes.
• A solid understanding of derivatives modeling, option pricing theory, and risk management concepts.
• Experience applying machine learning, AI, or advanced statistical techniques to real-world quantitative or financial problems.

Our Recruitment Process

Recruitment for analyst internships and full-time positions occurs on a rolling basis. Early application submission is encouraged, as assessments may begin before the application deadline. We are committed to fostering an equal and inclusive workplace and welcome applicants from diverse backgrounds.

If you require workplace adjustments during the application process, please contact us at [email protected] for assistance.

Degree Requirement: Bachelor’s (with 2:1)

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