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




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 Portfolio Analysis teams owns these processes end-to-end, managing production, analysis, governance, and related technology. The role offers an excellent entry point to the Risk organization, with the opportunity to interact with a broad cross section of teams across the bank. This is a high visibility role and would entail regular exposure to senior management.
Responsibilities
Participating in the production of routine including review and analysis of report output
Managing several critical reporting and governance routines, such as regulatory filings and board and committee input preparation
Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners




Implementation and monitoring of new limits
Developing new materials or analyses as needed
Automate processes where needed via Python coding, excel, or other similar
Maintain and develop documentation on processes where needed
Liaising with technology and data partners to correct issues discovered as part of the analysis process
Ensuring a strong control setting and participating in the execution of control routines
Maintain and develop documentation on processes where needed
Requirements
Education
Bachelors/Masters/MBA/PGDM/Ph.D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or Economics, Physics etc
Educational institutes
Top tier – IITs, NITs, Indian Statistical Institutes, IIMs etc.
Experience Range
5 – 7 Years
Foundational skills
Experience in a trading / market risk related field
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

📌 Associate (Mumbai)
🏢 Bank Of America
📍 Mumbai