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*

Global Markets Risk (GMR)  Strategic Technology Office has responsibility for technology strategy, process improvement and establishing data management strategy and data governance for GMR. The data management team works closely with partners in Global Markets, lines of business and Enterprise functions. The team drives strategic initiatives and projects in the areas of data management and governance.  Members of the Data Steward Executive team are engaged in managing adherence to Enterprise Data Management Standards, managing GMR Data Assessment Resolution Tracking (DART) Data Issues, supporting regulatory reporting transaction testing, and regulatory reporting implementation and data quality management.

The ideal candidate for DART Remediation should possess a deep knowledge of FICC and Equity trading products, market risk and trading conventions, General Ledger chart of accounts, strong project management skills and ability to influence diverse stakeholder groups.  Strong interpersonal skills, communication and prioritization experience will be necessary for success in the role.  We are seeking individuals across varying backgrounds within Financial Services, including but not limited to, sales/trading, product control, technology, product management and risk.

Responsibilities*

•   Execute Enterprise Data Incident Management (DART) for Global Market Risk.

•   Develop strategic data design ideas to remediate issues and influence stakeholders for consideration.
•    Direct the DART remediation process and timeline to meet key delivery dates.
•    Lead DART triage with various key stakeholders.
•    Own/manage relationships with senior technology partners on managing book of work.
•    Participation in drafting business requirement and functional requirement documentation.
•    Provide SME product knowledge and interface with various tech, quantitative, and business groups representing providers and consumers of the Global Markets data

Requirements*

Education*

• MBA from top tier college, Bachelors/Masters degree in Finance Statistics and/or Mathematics and/or Financial Mathematics and/or Economics, Physics etc

• Top tier – IITs, NITs, Indian Statistical Institutes etc.

Certifications If Any

• CFA, FRM etc. will be an added advantage

Experience Range*

• 2 – 7 years of relevant experience as business analyst in financial services

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, SQL or other similar languages

• High level of proficiency with Microsoft Excel

• Ability to work in a fast-paced environment

• 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 and Gurugram