Analyst - GBS

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*

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 position is to be a risk manager to cover various asset classes & LOBs.

Responsibilities*

• Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed. Daily Risk/VaR Sign offs, Reporting, Limits management.
• Liaising closely with the business and other support functions to ensure risks are within firm’s risk appetite and correctly captured.
• Identify risk concentration and determine the circumstances under which the business portfolio could incur material losses.
•  Report and monitor positions against market risk metrics and limits. Liaise closely with the business to detail any overages and set limits.
• Drive regulatory projects working closely with other functions like Quants, Market Data etc. and regularly apprise updates to Senior management.
• Assist in the setup, configuration and implementation of new and upgraded risk management systems.
• Validate and produce information that is distributed to the relevant regulators.
• Assist in ad-hoc risk related queries, drill down analysis, specific risk analysis, VaR and risk trend analysis, reports and analysis for regulators.
• Represent the market risk function in cross function projects – migration and larger scale system changes.

Requirements*

• Education*
• Bachelors/Masters/Top tier – Engineering, MBA, BCom, CA etc.

• 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 with a strong focus in Risk Management of multiple asset classes.
• 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
• Experience with Tableau, Alteryx or other similar tools
• 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
• Experience with Projects related to Regulatory Capital model (FRTB).

Work Timings*

12 Noon to 9 pm IST

Job Location*

Hyderabad & Mumbai