Senior Manager

Mumbai, India To proceed with your application, you must be at least 18 years of age.

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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 chance 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*

ECM is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies.

ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎.

ECM interfaces with banking regulators globally on all capital related matters.





In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities. They will learn to identify opportunities to enhance tools and processes and create documentation supporting those enhancements. The ability to coordinate projects to bring about change in processes and procedures, quantify the results of such change and communicate these enhancements across ECM, Technology and Compliance is important.

Strong quantitative, analytic and communication skills as well as familiarity with banking products are needed.

*

This role is for a model owner for quantitative models for required regulatory and economic capital for various market and banking products including Credit, Market and counterparty credit risk capital requirements. These models are co-owned with business and the resource will be responsible for (1) end to end understanding of these models and capital requirements coming out of them under different scenarios, (2) working with business owners and model developers to get the required changes executed and (3) ensuring for timely completion all model governance and maintenance activities. It requires working closely with the ECM Markets team, the finance and business partners, model development team and 2 LOD partners.

Responsibilities*

- Be the ECM reviewer / challenger for quantitative capital models jointly or solely owned by ECM.

- Maintain an end-to-end understanding of the model in BAU and stressed scenarios, including its risks, mitigants, and limitations.

- Coordinate with model co-owners and developers to implement required changes to Markets and Banking models.

- Manage all model governance and lifecycle activities. Prepare Model Review Templates summarizing key observations for senior management approval.

- Partner with Capital Management, MRM, GRA, and Finance to resolve queries and provide accurate, detailed data as needed.

- Understand the key drivers of capital calculations and clearly communicate the results.

- Support firmwide initiatives and ECM projects by testing complex logic and large datasets for regulatory reforms and strategic enhancements.

- Partner with ECM Technology to improve existing processes by leveraging new tools and emerging technologies.

Requirements*

Education*

Post-graduate degree in maths/stats/quants, B.E./CFA/FRM/CQF

Certifications If Any – NA

Experience Range*

6-10 yrs

Foundational skills*

- Strong quantitative modelling background

- Deep understanding of economic capital models and US/Basel 3 capital rules

- Ability to understand complex business processes and breakdown into simple process components.

- Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.

- Demonstrate ability to work in a fast-paced, every-changing, highly collaborative workplace.

- Strong organizational skills and attention to detail, and good with numbers

- Professional written and verbal communication skills

- Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)

- Proficiency in SQL and Python is required; AI experience is a plus.

- Flexibility in joining meetings during US time zone hours.

- Strong Excel skills and Strong attention to detail

- Ability to manage multiple priorities in a time-sensitive environment

Desired skills

- Natural desire to understand intricate processes while seeing the big picture

- Good business partnering skills

- Experience improving and automating manual processes

Work Timings*

12:30 PM to 9:30 PM

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 prospect, 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.

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📌 Senior Manager (Mumbai)
🏢 Bank Of America
📍 Mumbai