Bank of America India | Manager

Responsibilities

• This Process is responsible for ensuring that attributed P&L submitted to GRM is complete and accurate for VBT, coordinates GM Finance due diligence when potential overages are identified, and delivers VBT results to the stakeholders.
• As a member of this team, you will be accountable for handling production and delivering change across the Value at Risk Back-Testing (VBT) Program.
• This team handles VBT controls and reporting at a granular level across the entire Global Markets Business This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages.
• As a centralized team the team is responsible for producing dashboards which serve as a control for BFC teams to take action on pending items.
• As an Individual Contributor running VBT controls including identification of overages and working with BFC teams to complete due diligence process
• Partnering closely with Finance, Risk and Technology to implement technology solutions.
• Ensuring documentation is complete and accurate.
• Leads and encourages the identification, escalation and resolution of potential risks.
• Backtesting is a daily regulatory requirement to gauge the effectiveness of the VaR models by comparing the calculated VaR with reported Profit & Loss (P&L) results.
• Takes initiative and challenges existing processes and procedures in a proactive manner

Requirements

• Qualified FRM/ /CFA / MBA from Tier I/II institute with relevant experience in Global Markets, Product Control or Market Risk environment.
• Proficiency in emerging technologies like Alteryx, Tableau.
• Ability to use AI tools like CoPilot etc. will be added advantage.
• Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels.
• Must be proactive and be a highly motivated self-starter.
• Effective communication skills with English proficiency.
• Ability to analyze issues independently and derive solutions.
• Inherent sense of principles of control through experience and sound judgment.

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)