Job Description:
Overview
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.
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Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses, and institutional investors we serve worldwide.
BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview
Market Risk management serves as independent risk oversight of the Firm's trading activities across the various trading desks and trading portfolios. The Global Market Risk Portfolio Analysis team within Market Risk is responsible for the implementation and management of cross-product processes and analysis to support the Global Markets business and senior Risk management.
Job Description
The team in India will support a broad set up of work in conjunction with employees located in Europe and the US. These workstreams include critical central process integral to Market Risk management at Bank of America, such as Reporting, VaR Analysis, Limits, and Stress Testing. The Portfolio Analysis teams owns these processes end-to-end, managing production, analysis, governance, and related technology. The role offers an excellent entry point to the Risk organization, with the opportunity to interact with a broad cross section of teams across the bank. This is a high visibility role and would entail regular exposure to senior management.
Responsibilities
- Participating in the production of routine including review and analysis of report output
- Managing several critical reporting and governance routines, such as regulatory filings and board and committee input preparation
- Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners
- Implementation and monitoring of new limits
- Developing new materials or analyses as needed
- Automate processes where needed via Python coding, excel, or other similar
- Maintain and develop documentation on processes where needed
- Liaising with technology and data partners to correct issues discovered as part of the analysis process
- Ensuring a strong control environment and participating in the execution of control routines
- Maintain and develop documentation on processes where needed
Requirements
Education
- Bachelors/Masters degree in Engineering, Commerce, CA, MBA
Certifications If Any
- CFA, FRM etc. will be an added advantage
Experience Range
- 5 - 7 years
Foundational skills
- Experience in a trading / market risk related field
- Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes
- Experience working with large data sets
- Experience with Python or other similar languages
- High level of proficiency with Microsoft Excel
- Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues
- Ability to aggregate and synthesize complex data from multiple sources
- High level of attention to detail
Desired skills
- Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
- Experience and understanding of common market risk metrics like Value at Risk (VaR)
- Experience with regulatory reporting, regulatory exams, and/or audit
Work Timings
- 12 Noon to 9 pm IST
Job Location*
- Gurugram, Hyderabad & Mumbai