Senior Analyst

Job Description:

Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses, and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

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.
• 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 any asset class.
• 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
• 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

Work Timings*

12 Noon to 9 pm IST

Job Location*

Mumbai & Hyderabad