Senior Manager

Job Description:

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

The Balance Sheet Management (BSM) team is responsible for managing the company's balance sheet risk and optimizing its ALM strategies.

This role supports the BSM project, which aims to enhance the company's balance sheet management capabilities and improve its overall financial performance.

Job Description

Balance Sheet Management (BSM) is a division within the CFO Group responsible for providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and non-interest income across Actuals and Forecast. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic ALM decisions within a controlled framework.

Responsibilities

• Design, implement, and enhance quantitative models (including risk, statistical, and machine learning models) to support balance sheet management decisions

• Conduct research and analytics on balance sheet-related topics, including asset and liability management, funding strategies, and risk management

• Collaborate with internal stakeholders, including trading desk, finance, and risk management teams, to ensure alignment and effective implementation of balance sheet management strategies

• Develop and maintain automated processes and procedures to ensure efficient and effective balance sheet management

Requirements

Education

CA/MBA

Certifications If Any - CFA/FRM

Experience Range

8 to 12 years

Foundational skills

• Advanced degree in quantitative finance, engineering, or a related field, or equivalent work experience

• 8+ years of experience in financial analysis, trading, or risk management, with a focus on balance sheet management

• Programming skills in Python or other object-oriented programming languages, with experience in modeling and data analysis

• Understanding of financial markets, liquidity, and risk management concepts

• Strong critical thinking, attention to detail, analytical, and problem-solving skills

Desired skills

• Advanced programming skills, including deep knowledge of Python or C/C++, familiarity with data structures and standard algorithms, and design patterns

• Experience with derivatives ( OTC or listed), as well as other financial instruments

• Solid foundation in statistics and machine learning, with experience in applying these concepts to balance sheet management or risk management problems

Work Timings

12:30 PM to 9:30 PM

Job Location

Mumbai/Gurgaon