Associate

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 team in India is an extension of Bank of America’s Global Risk Organization. India team provides analytical and technological support to the Model Risk Management desk.

Job Description:

MRM Automation and Business Integration team

The Enterprise Model Risk Management (MRM) organization is responsible for providing oversight of model risk across Bank of America. MRM independently validates and challenges newly-developed and existing models; is responsible for model risk assessments, limits and monitoring; communicates issues identified through validations to relevant businesses and governance and control functions; escalates model use breaches and remediation plans to relevant governance committees; maintains a comprehensive inventory of models across all businesses and governance and control functions; and manages an attestation process to ensure compliance with the Enterprise Model Risk Policy.

The MRM Automation and Business Integration team is responsible for model platform transformation and integration for Enterprise MRM and model development organizations, and delivering advanced automation solutions to streamline process, enhance efficiency and reduce operational risk. The team seeks Quantitative Developers to join high-impact MRM strategic initiatives and build integrated model development and validation platform, ongoing monitoring digitization and automation, and model documentation infrastructure. The role will work closely with the model validation team and bank-wide model development organizations to modernize the end-to-end process throughout model lifecycle.

Responsibilities:

• Work in a team and collaborate with model developers and validators to design and deliver advanced modeling platforms and automation solutions
• Design and build integrated model development and validation platform, with automated and configurable model testing capability for a wide variety of modeling methodologies
• Design digitized and automated ongoing monitoring workflow, and partner with Tech to build database and dashboard to facilitate streamlined ongoing monitor reviews 
• Establish modern documentation infrastructure for typesetting, inventory and change management
• Construct systematic data flow between multiple tiers and system components
• Explore opportunities to enable risk management innovation with latest technology  

Requirements:

• Education: Degree in a quantitative field such as Computer Science, Engineering, Physics, Mathematics, Operation Research, Quantitative Finance, or Data Science from Top tier – IITs, NITs, Indian Statistical Institutes etc.
• Certifications if any: Technical certifications in Python, SAS, SQL
• Experience Range: 4+ years

Foundational skills:

• Strong business knowledge of Model Risk Management processes and experience in risk analysis and business process re-engineering / continuous improvement
• Proficiency in Python and object-oriented programming, advanced skills to write concise and production-quality code and build modular and well-structured code library
• Proficiency in relational database/SQL experience, as well as strong NoSQL databases experience especially using MongoDB
• Experience building RESTful web APIs using Python frameworks especially FastAPI
• Familiarity with agile software development tools, such as JIRA, Git/Bitbucket, Jenkins
• Self-starter and ability to work a high degree of independence

Desired Skills:

• Experience with Software Development Life Cycle (SDLC) with Continuous Integration (CI) and Continuous Delivery (CD)
• Experience with User Interface development and tools (e.g. Angular)
• Experience building APIS using GraphQL
• Proficient in LaTeX and documentation management
• Creative and analytical thinking skills - with ability to comprehend, document, evaluate and improve complex business processes
• Proven delivery of Operational Excellence and a continuous improvement mindset

Work Timings: 12 PM – 9 PM IST

Job Location: Mumbai / Gurugram