Analyst - GBS

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

Global Markets and Financial Risk (GMFR) serves as independent risk oversight of the firm s trading activities across various trading desks and trading portfolios. The Global Business Services team is responsible for implementation and management of cross-product processes and analysis to support GMFR.

Job Description

Counterparty Credit Risk and Portfolio Management (CCRPM) team within GMFR is responsible for managing counterparty concentration, performing counterparty portfolio analysis and delivering the BAU counterparty stress testing. CCRPM is part of Counterparty and Financial Market Utilities Risk, Indirect Coverage Area Group (CFIG) team.

The Analyst is responsible for measuring counterparty credit risk (CCR) for all lines of businesses in the Markets division covering all traded products (fixed income, currency, commodities, equities).

The analyst will assist in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties. The analyst will present their analysis to senior management, including Market Risk, Wholesale Credit, and Enterprise Credit, as well as Front Office Trading and Sales team. In this capacity, the analyst will need to leverage their expertise in counterparty credit risk management and traded products to highlight areas that warrant additional investigation, monitoring and discussion. The analysis will encompass a range of counterparty exposure management techniques such as potential future exposure, stress testing, sensitivity analysis, wrong way risk, and CVA.

Additionally, the analyst will assist in the managing of counterparty concentration limits at the counterparty level across asset classes. The analyst will be responsible for maintaining strong risk discipline and demonstrated ability to working across a variety of functions including trading, sales and credit risk.

The successful candidate will need to have a mix of technical skills and the ability to communicate with a wide audience both written and orally.

Responsibilities

• Solid understanding of derivative products with broad knowledge across asset classes (FX, rates, equity, and credit).
• Knowledge about counterparty risk measurement techniques on derivatives and financing transactions preferred.
• Strong computer skills (Office, VBA, Python, Bloomberg, SQL).
• Excellent communication skills both written and verbal.
• Self-starter who excels in a fast paced environment, liaising with multiple teams, working closely with the Line of Business (LOB) to understand the process and managing LOB process expectations.
• Supporting analysis and data requirement for multiple ad hoc questions on reports from regulators, internal senior risk leaders and audit partners.
• Maintain and develop documentation on processes where needed.

Requirements

Education

• Bachelors/Masters degree in Engineering, Commerce, CA, MBA from top tier colleges.

Certifications

• CFA, FRM etc. will be an added advantage

Experience Range

• 2+ years of experience in capital markets operations with a thorough understanding of trade life cycle

Foundational Skills

• Experience in market risk and credit risk related field.
• Intellectually curious with ability to investigate and develop root cause analysis for portfolio changes.
• Experience working with large data sets.
• Ability to aggregate and synthesize complex data from multiple sources.
• 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.
• High level of attention to detail.

Desired Skills

• Experience with regulatory reporting, regulatory exams and/or audit.
• Prior experience in a risk analyst role covering Global Markets products is a plus.

Shift Timings

• 12 noon to 9pm IST

Location

• Mumbai, GGM