Description

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

GBS supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from three locations i.e. Mumbai, Gurugram, and Hyderabad.

Job Description:
The Global Markets Data Management (GMDM) Operations team supports Counterparty Credit Risk (CCR) and Prime Brokerage (PB) functions across multiple global business lines. This role involves managing processes that require strong quantitative analysis, data management, and technology expertise to ensure robust risk and control frameworks.

Responsibilities:

• Work on regulatory and CCR/PB risk management driven initiatives on tighter controls on credit risk (recent examples include comprehensive stress framework covering liquidity risk)
• Support downstream stakeholders with their ad-hoc data queries
• Develop mechanisms for effective management of risks and controls within agreed risk appetites
• Identify issues and control gaps in existing infrastructure with an aim to improve it.
• Identify, Validate, escalate and remediate data issues by collaborating with various upstream teams and Risk Managers
• Prepare and deliver BAU reports to CCR & PB Risk Managers and collaborate with Technology teams for issue remediation.

Requirements:

Education : Master's degree in Finance, FRM/CFA is good to have

Experience Range: 3-5 years

Foundational Skills:

• Critical Thinking
• Risk Management
• Understanding of Financial Instruments
• Risk and Data Analytics
• Adaptability
• Collaboration
• Problem Solving
• Excel, Python, JIRA

Desired Skills:

• Problem Solving skills
• Knowledge or prior experience on Counterparty Credit Risk, Market Risk, Stress Framework
• Good communication skills

Job Location: Mumbai

Work timings: 12 pm to 9pm IST