Job Information
Bank of America Senior Analyst-R in Madhapur, India
Senior Analyst-R
Mumbai, India;Madhapur, Hyderabad
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Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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 ofmultiple 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*
Gurugram, Hyderabad & Mumbai
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.