Job Description

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*
Market Risk management serves as independent risk oversight of the Firms trading activities across the various trading desks and trading portfolios. The Global Market Risk Portfolio Analysis team within Market Risk is responsible for the implementation and management of cross-product processes and analysis to support the Global Markets business and senior Risk management.

*
The team in India will support a broad set up of work in conjunction with employees located in Europe and the US. These workstreams include critical central process integral to Market Risk management at Bank of America, such as Reporting, VaR Analysis, Limits, and Stress Testing. The position is to be a risk manager to cover various asset classes & LOBs.

Responsibilities*
Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed. Daily Risk/VaR Sign offs, Reporting, Limits management.
Liaising closely with the business and other support functions to ensure risks are within firms risk appetite and correctly captured.
Identify risk concentration and determine the circumstances under which the business portfolio could incur material losses.
Report and monitor positions against market risk metrics and limits. Liaise closely with the business to detail any overages and set limits.
Assist in the setup, configuration and implementation of new and upgraded risk management systems.
Validate and produce information that is distributed to the relevant regulators.
Assist in ad-hoc risk related queries, drill down analysis, specific risk analysis, VaR and risk trend analysis, reports and analysis for regulators.
Represent the market risk function in cross function projects migration and larger scale system changes.

Requirements*
Education*
Bachelors/Masters/Ph.D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or Economics, Physics etc
Top tier IITs, NITs, Indian Statistical Institutes etc.
Certifications If Any
NA
Experience Range* 5 7 years

Foundational skills*
Experience in a trading / market risk related field with a strong focus in Risk Management of any asset class.
Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes
Experience working with large data sets
Experience with Python or other similar languages
High level of proficiency with Microsoft Excel
Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues
Ability to aggregate and synthesize complex data from multiple sources
High level of attention to detail

Desired skills*
Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
Experience and understanding of common market risk metrics like Value at Risk (VaR)
Experience with regulatory reporting, regulatory exams, and/or audit
Education: Any Graduate
Industry: Banking

Skills Required