01 Aug
|
Bank Of America
|
Hyderabad
01 Aug
Bank Of America
Hyderabad
Assistant Manager -R Hyderabad, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Assistant-Manager--R_26018655) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Assistant-Manager--R_26018655) Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Assistant-Manager--R_26018655) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/Hyderabad/Assistant-Manager--R_26018655) **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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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** **Quantitative Strategies and Data Group:** The Quantitative Strategies and Data Group (QSDG) is part of the Global Business Services Team.
The QSDG UMR Initiatives team is responsible for supporting Trade Compression and IM Optimization Initiatives. The team provides: + Driving trade compression initiatives by automating manual processes to enhance efficiency, strengthening reporting to highlight trends, implementing process improvements, and conducting ad-hoc analysis on compression metrics to identify opportunities for improving overall compression efficiency. + Supporting IM and SA-CCR optimization initiatives to reduce Initial Margin and RWA at the firm level, driving funding cost efficiencies through automation of manual processes, enhanced reporting and trend analysis, understanding desk-driven changes, and conducting ad-hoc analysis to identify new product opportunities and improve margin optimization outcomes. + The team supports co-development initiatives and collaborates with the technology team to implement changes in the production environment, focusing on process automation, developing new automation solutions, and migrating Excel-based models to Python-driven frameworks. **Job Description** Process Automation: + Understand the process and device tech solutions to automate them + Prototype these solutions for review and then work with Technology team to implement + Support the team with issues pertaining to suggested technology implementations Process Development: + Identify issues and control gaps in existing infrastructure + Device technical solutions to streamline the processes and enhance data integrity and control + Should have good understanding of financial products, their structure and underlying risk to be able to implement such projects + Should be able to understand the financial implications of these projects and be responsible for the quality and timeliness of the deliverables + Have to work with varied technology applications for solutions implementation **Responsibilities** + Structure the overall process flow for automation and automate using python scripts + Device solutions and build prototype and maintain it till it gets implemented by technology + Implementation of relevant project management practices (status reporting, issue tracking etc) + Day to day responsibility for managing the project with the Desk, technology and other partners **Requirements** + Education: B.Tech/B.E. from Tier1 or Tier2 colleges is needed, Masters Degree in Finance, Economics or Financial Quantitative Analysis will be preferred + Certifications If Any: Any certifications related to Coding/Testing will be preferred + Experience Range: 2-5 years of experience working in a technology role for a finance institution + Mandatory skills: + Strong technical skills including experience of using MS Office, SQL, Python and VBA + Experience of code implementation, writing test cases and performing test cycles + Experience of handling large set of data and knowledge of coding standards will be preferred.
+ Strong analytical skills **Desired skills:** + Good communication skills + Knowledge or experience of working with trading products in capital markets: Knowledge of: Fixed Income products, Futures, Options, Indexes, CDS, CDO, FRAs, SWAPs, SWAPTIONs, CAPs/FLOOR will be preferred + Knowledge of Financial Risk Management: Value at Risk. Knowledge of Interest Rates, FX Products J **ob Location** - Hyderabad 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. View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) "** poster. **View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .** 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 setting. 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.
📌 Assistant Manager -R (Hyderabad)
🏢 Bank Of America
📍 Hyderabad