Global Quantitative Data Analytics, Summer 2027 Analyst - London

EMEA Global Quantitative Data Analytics Programme (QDAP) – Summer Analyst (Global Risk Management)

Location: London, United Kingdom

About Bank of America

Bank of America is guided by a common purpose to help make financial lives better through the power of every connection. The company drives Responsible Growth and delivers for clients, teammates, communities, and shareholders every day. Being a Great Place to Work is core to how it achieves this, including a commitment to an inclusive workplace, attracting and developing exceptional talent, supporting teammates’ wellness, recognizing and rewarding performance, and making an impact in the communities it serves.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance, with flexibility based on role-specific considerations.

The Team

Summer Analysts applying for this Global Quantitative Data Analytics Programme will join the Global Risk Management (GRM) team.

Global Risk Management (GRM) is an enterprise control function that provides independent risk management for Bank of America. It ensures the company pursues its Responsible Growth strategy through strong risk management practices, provides independent second-line oversight of risk-taking activities across the enterprise, and effectively challenges risks while developing, validating, and implementing risk management measures that support 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, gain exposure to senior leaders, and develop 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

• Support analysis of data, models, methodologies, or risk processes to inform business and risk management decisions.
• Apply quantitative, analytical, and problem-solving skills to projects aligned to your assigned team.
• Interpret data, trends, or model outputs and communicate findings clearly to technical and non-technical stakeholders.
• Support activities across the model lifecycle, which may include development, validation, implementation, monitoring, documentation, or use of models, depending on team alignment.
• Conduct research and analysis using internal and/or external information to support risk assessments, scenario analysis, reporting, or governance.
• Contribute to process improvements, documentation, controls, or analytical tools that help teams work more effectively.
• Partner with Risk Managers, quantitative specialists, technology partners, and business stakeholders to understand how risk is identified, measured, and managed.
• Build relationships across Global Risk through project work, networking, mentoring, speaker sessions, and development opportunities.

Eligibility

• 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 completing all final exams, coursework, and having no outstanding requirements for graduation (Bank of America may request evidence of this completion date before extending an offer).
• Be on track for a minimum 2:1 degree classification (or equivalent).
• Be available to join the programme from June 2027 to August 2027.
• Be available to join on an offered full-time start date in July 2028; some lines of business may offer January or April start dates. Deferrals are not available if an offer is made.

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.

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 (essential); a second language may be advantageous.

Desired

• 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.

Recruitment Process

Analyst internship and full-time recruiting takes place on a rolling basis once applications are open. Assessments often begin before the deadline, so it’s best to submit your application early.

Workplace Adjustments

Bank of America is committed to ensuring its online application process provides an equal employment opportunity. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please contact juniortalentemea@bofa.com.

Salary and Benefits

A competitive salary and benefits package is offered.