Associate - R

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 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!

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 environment and participating in the execution of control routines
• Maintain and develop documentation on processes where needed

Requirements.

Education.

• Bachelors/Masters degree in Engineering, Commerce, CA, MBA

Certifications If Any

• CFA, FRM etc. will be an added advantage

Experience Range.

• 2 - 7 years

Foundationalskills.

• 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.

• Hyderabad