Bank of America India | GMRA Analyst

Key responsibilities

• The team supports the firm's Market Risk organization through the production, analysis, and enhancement of Risk Not in VaR (RNiV) and VaR-related risk metrics.
• The team partners closely with Global Risk Market Analytics (GMRA), Global Markets Risk (GMR), Risk Technology, and Quantitative Analytics teams to source model inputs, perform quality controls, execute risk calculations, analyze results, and support ongoing enhancements to the market risk infrastructure.
• As part of the strategic future-state build, the team is developing the SRPnL platform and next-generation VaR engine leveraging full revaluation methodologies.
• The role offers an opportunity to contribute to model development, testing, benchmarking, production optimization, and risk analysis across a broad range of financial products.
• The successful candidate will be responsible for supporting lower-lane testing, benchmark analysis, valuation investigations, production process improvements, and quantitative risk analytics.
• Support development and testing of the future-state SRPnL platform and VaR calculation framework.
• Perform lower-lane testing and validation of full revaluation methodologies under benchmarking scenarios.
• Analyze and investigate differences between Grid PnL and SFRC PnL outputs.
• Support optimization and stabilization of production batch processes and risk calculation workflows.
• Partner with stakeholders across Risk, Quantitative Analytics, and Technology teams to validate findings and implement improvements.
• Execute monthly and quarterly RNiV calculations across legal entities from data sourcing through result sign-off.
• Perform input quality controls and validation checks across risk factor and valuation datasets.
• Analyze risk-factor drivers and explain changes in RNiV and VaR results.
• Partner with Risk Managers to prepare change commentary and support market risk management activities.
• Conduct ad-hoc quantitative analysis to support management, regulatory, and business requests.
• Identify opportunities to improve methodologies, controls, automation, and analytical processes.
• Develop, enhance, debug, and maintain Python-based solutions supporting model execution and production processes.
• Create and maintain process documentation, testing evidence, methodology documentation, and operational procedures.
• Contribute to the broader enhancement of market risk analytics, infrastructure, and automation capabilities.

Requirements

• Bachelor's or Master's degree in Finance, Mathematics, Economics, Statistics, Physics, Engineering, or a related quantitative discipline.
• 5-8 years of experience in Market Risk, Quantitative Analytics, Model Development, Valuation, Risk Technology, or related quantitative finance functions.
• Strong understanding of derivatives pricing, valuation methodologies, and risk analytics.
• Experience with VaR, RNiV, Market Risk Capital models, or related risk measurement frameworks.
• Strong analytical and quantitative problem-solving capabilities.
• Proficiency in Python for data analysis, automation, and quantitative investigations.
• Experience working with large datasets and performing complex data analysis.
• Ability to investigate valuation and PnL differences across systems and methodologies.
• Familiarity with full revaluation methodologies and VaR benchmarking frameworks.
• Understanding of market risk regulatory capital requirements and risk governance frameworks.
• Broad knowledge of financial products including rates, FX, credit, equity, and derivatives products.
• Experience working with cross-functional teams across Risk, Quantitative Analytics, and Technology.
• Strong written and verbal communication skills with ability to communicate complex analytical findings effectively.
• Experience identifying and implementing process automation and efficiency improvements.

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)