Bank of America India | Assistant Manager

Responsibilities

• The team works closely with Quant, Technology and Risk teams to deliver regulatory programs such as FRTB, Full Reval VaR and other risk reporting initiatives.
• The team’s main responsibility is to design, deliver and maintain data testing frameworks to provide independent assurance over the appropriateness and quality of risk calculations produced by Front Office Technology teams.
• This role offers exposure to all asset classes (Rates, Commodity, Credit, FX and Equity) and requires strong programming abilities, especially in Python, to develop solutions on the Bank’s strategic platform, Quartz.
• Engaging with program stakeholders to ensure scope and requirements are well defined.
• Execute scheduled and ad hoc tests on large datasets including PVs and risk calculations.
• Collaborate with the Quantitative, Technology and Risk teams on issue resolution and improvement of risk calculation inputs (including market data and models).
• Develop high-performance codebase to enable scaling and the generation of timely, frequent/daily test results.
• Produce DQ status updates for senior management and provide actionable inputs to Quants and technology for improvement of data quality
• Raise and investigate data issues and model anomalies
• Work Timings* - 12:30 PM – 9:30 PM

Requirements

• Education:- Bachelor’s degree in a quantitative subject (Engineering, Mathematics, Computer Sc, etc.) Postgraduate/Masters in Finance, Mathematics or any other quantitative area.
• Analytical and problem-solving skills, experience performing data analyses.
• Ability to manage multiple concurrent workstreams, rapidly assimilate new concepts, and adapt to evolving business priorities and timelines.
• Optional: Risk/Capital Markets knowledge is desirable but not strictly necessary, provided there is a willingness to learn.
• Ability to identify and escalate risks, suggesting solutions and implement process improvements.
• Experience in software development, data engineering and/or automation within financial markets.
• Experience Range* 3 – 5 Years

Bank of America

Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.

Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.

• Industry: Banking and financial services
• Headquarters: Charlotte, North Carolina, USA
• In India: Corporate and investment banking, plus operations and technology centres in Mumbai, Hyderabad, Chennai and GIFT City (Gandhinagar)