Bank of America India | Senior Manager

Responsibilities

• In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities.
• This role is for a model owner for quantitative models for required regulatory and economic capital for various market and banking products including Credit, Market and counterparty credit risk capital requirements.
• These models are co-owned with business and the resource will be responsible for (1) end to end understanding of these models and capital requirements coming out of them under different scenarios, (2) working with business owners and model developers to get the required changes executed and (3) ensuring for timely completion all model governance and maintenance activities.
• Maintain an end-to-end understanding of the model in BAU and stressed scenarios, including its risks, mitigants, and limitations.
• Coordinate with model co-owners and developers to implement required changes to Markets and Banking models.
• Manage all model governance and lifecycle activities.
• Prepare Model Review Templates summarizing key observations for senior management approval.
• Partner with Capital Management, MRM, GRA, and Finance to resolve queries and provide accurate, detailed data as needed.
• Support firmwide initiatives and ECM projects by testing complex logic and large datasets for regulatory reforms and strategic enhancements.
• Partner with ECM Technology to improve existing processes by leveraging new tools and emerging technologies.
• Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎.
• Be the ECM reviewer / challenger for quantitative capital models jointly or solely owned by ECM.

Experience range

• Deep understanding of economic capital models and US/Basel 3 capital rules.
• Ability to understand complex business processes and breakdown into simple process components.
• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.
• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
• Strong organizational skills and attention to detail, and good with numbers.
• Professional written and verbal communication skills.
• Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint).
• Proficiency in SQL and Python is required; AI experience is a plus.
• Ability to manage multiple priorities in a time-sensitive environment.
• Strong quantitative, analytic and communication skills as well as familiarity with banking products are needed.
• Strong quantitative modelling background
• Strong Excel skills and Strong attention to detail
• Good business partnering skills
• Experience improving and automating manual processes

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)