Bank of America India | Senior Operations Manager

Responsibilities

• The team is also responsible for developing expertise and enhancing the forecasting models.
• The team needs to engage with senior stakeholders across the firm to conduct review and challenge meetings on quarterly basis with respect to the forecast results.
• The data and infrastructure needed for the forecast process is also owned by the team.
• There is high regulatory involvement given the key role the team performs in the CCAR process, Recovery and Resolution Planning, Stress loss forecasting etc.
• We are looking for a seasoned individual who is technically strong and has worked in a similar stress testing/forecasting role preferably at a large global bank.
• The position requires the person to have a deep understanding of modeling/econometric forecasting (R coding knowledge is preferable) along with understanding of all the different trading desks, their risk profiles and revenue generation mechanism.
• Develop expertise and support enhancement of quantitative and qualitative forecasting models for various global markets businesses as needed.
• Lead calls with FLU and very senior global stakeholders as part of the review and challenge meetings every forecast cycle.
• Own all the inputs that go into regulatory submissions such as CCAR, Recovery and Resolution Planning from a GBS perspective for specific desks/businesses.
• Drive the training agenda for the team and new joiners.
• Identify areas of process improvement and coordinate the execution of the same.
• Ensure the integrity of the data and infrastructure that the global Stress Testing team relies on for the quarterly forecast process.
• Takes initiative and challenges existing processes and procedures in a proactive manner

Requirements

• Prior experience engaging with regulators/responding to regulatory queries/delivering on regulatory projects related to CCAR/RRP will be a plus.
• Qualified PhD/MBA/Masters in a Quantitative Field from Tier I/II institute with relevant experience in Stress Testing and Forecasting Analytics in Global Markets environment and organization of similar scale.
• Knowledge (R or Python) would be a plus.
• 10+ years of Banking and Financial Services experience with extensive knowledge of working in a Global Markets environment.
• Should have good understanding of financial markets, Derivatives & financial products across all asset classes - their valuation, risk etc.
• Strong quantitative modeling skills and programming skills.
• Line experience coupled with a demonstrated ability to lead technology-based change.
• Proven experience of providing thought leadership to overcome challenges and lead without direct authority.
• Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
• Demonstrated ability to work in a global matrix organization and significantly multi-geography, multi-cultural offshore service delivery environment.
• R/Alteryx/Python/Tableau knowledge would be an added advantage with the most relevant being R.
• Must be proactive and be a highly-motivated self-starter.
• Strong leadership skills with ability to face-off with Senior global stakeholders and auditors.
• Ability to analyze issues independently and drive solutions.
• Strong Programming Knowledge (R or Python) would be a plus

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)