Sr. 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/Sr-Analyst_26036531) **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/Sr-Analyst_26036531) 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/Sr-Analyst_26036531) **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/Sr-Analyst_26036531) **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*** The India team is an integral part of Bank of America's Global Risk Organization, providing model validation, governance, and analytics support to strengthen the Model Risk Management framework and ensure effective oversight across the model lifecycle. **Job Description:** The bank is looking for a quantitative finance analyst in the Global Markets (GM) Model Risk Management team. GM Model risk management team provides independent oversight and validation of pricing models. This includes Credit/Funding Value Adjustment (XVA) models, counterparty credit risk (CCR) models including IMM models, pricing models, margin models, etc. The team covers OTC derivatives across asset classes ranging from interest rates, FX, commodity, inflation, equity, credit and mortgage. The team is responsible for assessing model conceptual soundness, regulatory compliance, implementation accuracy, and ongoing performance in line with the Bank's Model Risk Management framework and evolving regulatory expectations, including SR 11-7 and SR 26-2 principles. The candidate will work specifically on validating Equity pricing models.The candidate will work closely with front office and Global Risk Analytics model developers, as well as Finance/PVG and other risk management groups. **Responsibilities:** + Independently validate pricing and risk models used for valuation, risk management,



and regulatory capital calculations of **Equity Derivatives products** , including vanilla and exotic options, structured products, variance swaps, correlation products, and hybrid instruments. + Review model assumptions, mathematical formulations, numerical methods, calibration frameworks, implementation, limitations, and appropriateness of use for pricing and risk management purposes. + Assess theoretical soundness of pricing methodologies including stochastic volatility models, local volatility models, jump-diffusion models, and correlation frameworks. + Perform independent quantitative testing, benchmarking, sensitivity analysis, stress testing, back-testing, and model performance reviews to identify and quantify model risks. + Evaluate model calibration approaches, market data dependencies, and valuation adjustments associated with equity derivatives portfolios. + Prepare comprehensive validation reports, technical documentation, and remediation recommendations in accordance with regulatory and internal model risk management standards. + Work closely with Front Office, Quantitative Research, Market Risk, Model Development, Finance/PVG, and other control functions to communicate validation findings and establish appropriate compensating controls. + Maintain ownership of a portfolio of pricing models, perform periodic model reviews, ongoing monitoring, required action item closure, and support regulatory examinations and internal audits. **Requirements:** + **Education:** Masters or Ph.D. degree in Mathematics, Financial Mathematics, Quantitative Finance, Computational Finance, Engineering Physics, Computer Science etc. + **Educational institutes:** Top tier - IITs, NITs, IIMs etc. + **Certifications (preferred but not mandatory):** FRM, CFA, CQF etc. + **Experience Range:** 5 - 8 years of experience in Model Validation, Quantitative Analytics, Front Office Quantitative Research, Model Risk Management, or Pricing Analytics. + undefined + undefined + **Mandatory skills:** + undefined + Solid understanding of derivatives pricing theory, stochastic calculus, probability theory, numerical methods, and quantitative finance. + Deep knowledge of equity markets and equity derivative products including: + Equity Options + Barrier Options + Asian Options + Autocallables + Convertible Products + Variance and Volatility Swaps + Correlation Products + Structured Equity Notes + Understanding of market risk measures and sensitivities including Delta, Gamma, Vega, Theta, Rho, Cross-Gamma, and Correlation Risk. + Experience with pricing methodologies such as: + Black-Scholes + Local Volatility Models + Stochastic Volatility Models + Monte Carlo Simulation + Finite Difference Methods + Tree-Based Models + Familiarity with model calibration techniques and market data management. + undefined + undefined + Experience conducting independent model testing, benchmarking, sensitivity analysis, and model performance assessments. + Strong understanding of model risk governance, SR 11-7/SR26-2 principles, regulatory expectations, and model lifecycle management. + Ability to assess model limitations, implementation risks, valuation impacts, and control effectiveness. + undefined + undefined + Strong written and verbal communication skills. + Ability to articulate complex quantitative concepts to both technical and non-technical stakeholders. + Experience presenting validation conclusions and recommendations to senior management and governance committees. + undefined + undefined + Strong analytical and problem-solving skills. + High attention to detail. + Demonstrated ownership and accountability. + Strong collaboration and stakeholder management capabilities. + Continuous learning mindset and ability to work in a fast-paced environment. + undefined + undefined + Strong programming skills in Python; experience in C++ is a plus. + Experience with quantitative libraries and analytics platforms. + Knowledge of equity volatility modeling, correlation modeling, and structured equity products.



+ Experience with regulatory model examinations and remediation programs. + Experience with LaTeX and technical report writing. + Strong presentation and communication skills in professional and governance settings. **Work Timings:** 12 PM - 9 PM IST **Job Location:** Mumbai Powai 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.

📌 Sr. Analyst (Mumbai)
🏢 Bank Of America
📍 Mumbai