Bank of America India | Sr Operations 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 requires a Market Risk and Fundamental Review of the Trading Book (FRTB) subject-matter expert to support the implementation of the US FRTB regulatory framework.
• The individual will develop an end-to-end understanding of FRTB and market risk capital calculations, including the underlying methodologies, models, data, systems, and key capital drivers.
• The role will partner closely with ECM Markets, Finance, business owners, model developers, Model Risk Management, Global Risk Analytics, Technology, and other control functions to interpret regulatory requirements, assess implementation impacts, coordinate model and process changes, and ensure accurate and timely delivery.
• Support the end-to-end implementation of the US FRTB regulatory framework, ensuring alignment with applicable market risk capital requirements and internal implementation standards.
• Develop a detailed understanding of the firm’s FRTB capital calculations, including methodologies, models, data flows, systems, controls, and key capital drivers.
• Partner with ECM Markets, Finance, business owners, model developers, Model Risk Management, Global Risk Analytics, Technology, and other control functions to coordinate implementation activities and resolve issues.
• Support the implementation and testing of FRTB calculation methodologies, model enhancements, data transformations, and system changes across the end-to-end capital process.
• Perform quantitative analysis and testing of complex calculation logic and large datasets to validate the accuracy and completeness of FRTB capital results.
• Analyze capital movements, identify underlying drivers and anomalies, and communicate findings and potential implementation impacts to relevant stakeholders.
• Support the development and maintenance of process documentation, procedures, controls, testing evidence, and implementation governance materials.
• Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎.
• Interpret US FRTB regulatory requirements and translate them into clear business, model, data, technology, and governance requirements.

Experience range

• Deep understanding of Market Risk/FRTB calculations 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)