Associate

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. Were 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

ARQ supports global businesses of the Bank with solutions requiring judgment application, sound business understanding, and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management, and Prospecting Support provide solutions for revenue enhancement, risk mitigation, and cost optimization. The division comprising of highly qualified associates operates from three locations, i.e., Mumbai, GIFT City, Gurugram, and Hyderabad.

The team is responsible for producing the Risk Not in VaR (RNiV) results as part of the firm's market risk monitoring duties. It works with Global Risk Market Analytics (GMRA), Global Markets Risk (GMR), and technology teams to source and prepare model inputs, perform input quality controls, run RNiV calculations, and analyze results. The team actively engages with Risk Managers to prepare change commentary and performs ad-hoc analysis to support market risk management across the bank.

Responsibilities

• Execute quarterly and monthly RNiV calculations, across all legal entities, covering the end-to-end process from data sourcing through to sign-off
• Identify, analyze, and monitor risk factor drivers of results in order to explain results to business partners
• Engage with Risk Managers to prepare change commentary and perform ad-hoc analysis to support market risk management across the bank
• Create and maintain documentation for all activities in the RNiV execution process
• Understand the core methodology of the calculations and the context in which it will be deployed to identify opportunities for process or methodology improvement
• Develop, debug, and maintain Python code used to automate the ongoing production process and model executions

Requirements

Foundational Skills

Desired Skill : Proficiency in programming languages such as SQL, Python, or R

Work Location : Hyderabad, GIFT, and Mumbai

Work Timings : 11 am to 8 pm IST

Locations : Mumbai