Analyst Mumbai, 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/Mumbai/Analyst_26029676) **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/Mumbai/Analyst_26029676) 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/Mumbai/Analyst_26029676) **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/Mumbai/Analyst_26029676) **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 Outstanding 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 Bank of America's Model Risk Management (MRM) function provides independent oversight of models across their lifecycle to ensure adherence to internal policies and regulatory requirements. The team is responsible for model risk tiering, independent validation, and ongoing performance monitoring. MRM partners closely with Model Developers, Model Owners, and Front-Line Units to assess model design, methodology, implementation, and outcomes. The function plays a critical role in maintaining strong model risk governance, providing effective challenge, and supporting regulatory examinations and audit reviews to ensure the sound management of model risk across the enterprise. Job Description We are seeking an experienced Model Risk Management professional with 3+ years of experience in model identification, model development, validation, risk management, or quantitative analytics.



The successful candidate will perform independent validations of complex models used across Consumer Banking, Mortgage, Home Equity, Consumer Vehicle Lending, Credit Risk, Valuation, Forecasting, and Optimization. The role requires close collaboration with model stakeholders, effective challenge of model design and assumptions, and strong regulatory and governance expertise. Responsibilities - Manage model identification requests, lead independent model validations, including the design and execution of robust testing strategies to assess model performance and verify implementation. - Evaluate model methodology, conceptual soundness, assumptions, limitations, and fitness for purpose, while providing effective challenge to Model Developers and Model Owners. - Review model documentation, development evidence, monitoring results, model changes, and governance controls to ensure compliance with internal policies and regulatory expectations. - Prepare and present clear, risk-focused validation reports, findings, and recommendations to senior management, governance committees, auditors, and regulators. - Partner with Model Owners, Front-Line Units, and Risk teams to prioritize validation activities, support regulatory examinations and audits, and enhance model risk governance across the enterprise. - Mentor and develop junior team members, fostering technical excellence and strong validation practices. Requirements Education: Master's degree or Ph.D. in a quantitative discipline such as Statistics, Mathematics, Economics, Finance, Engineering, Computer Science, Operations Research, or Data Science. Educational institutes: Top tier - IITs, NITs, Indian Statistical Institutes etc. Certifications (preferred but not mandatory): FRM, PRM, CFA, CQF etc. Experience Range: 3+ years Foundational skills - Master's degree or Ph.D. in a quantitative discipline such as Statistics, Mathematics, Economics, Finance, Engineering, Computer Science, or Data Science. - 3+ years of experience in Managing Model Identification Requests, Model Risk Management, Model Validation, Quantitative Analytics, Model Development, or Risk Management within the financial services industry. - Strong expertise in statistical, predictive, and quantitative modeling techniques, with experience validating credit risk, forecasting, valuation, financial, or optimization models. - Solid understanding of model risk management principles, model governance frameworks, and regulatory expectations (e.g., CCAR, OCC, PRA). - Proficiency in Python, SAS, R, SQL, or similar analytical tools. - Strong analytical, problem-solving, and critical thinking skills, with the ability to independently challenge model assumptions, methodologies, and outcomes. - Excellent written and verbal communication skills, including the ability to present complex technical concepts and validation findings to senior stakeholders, auditors, and regulators. Desired skills - Experience validating model identification process, consumer lending, mortgage, home equity, auto lending, or valuation models. - Knowledge of machine learning and AI model validation, including explainability, bias assessment, monitoring, and model performance evaluation. - Experience supporting regulatory examinations and internal audits Work Timings: 12 PM - 9 PM IST Job Location: 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. 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 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. Investment products offered through MLPF&S; and insurance and annuity products offered through MLLA: **Are Not FDIC Insured** **Are Not Bank Guaranteed** **May Lose Value** **Are Not Deposits** **Are Not Insured by Any Federal Government Agency** **Are not a condition to Any Banking Service or Activity** Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S;" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S; is a registered broker-dealer, registered investment adviser, **Member SIPC** and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). Bank of America Private Bank is a division of Bank of America, N.A. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. © 2026 Bank of America Corporation. All rights reserved.

📌 Analyst (Mumbai)
🏢 Bank Of America
📍 Mumbai