Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

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:

The candidate is expected to liaise with Market Risk Manager, middle office product controllers to determine the impact of the breaks on VaR and Stressed VaR for Market Risk. Once impact is determined, work with Tech and Quants to remediate any structural issues causing adverse impact in market risk data delivery.

Job Description:

Considering the portfolio of products in review, the candidate should have strong domain knowledge in the field of Risk Management and various products in Global Markets

Responsibilities:

Reconciling Global Markets portfolios on a daily basis for large P/L swings and Market Value breaks in Finance and Risk systems.

Responsibilities

Setup and own Market risk controls

Reconciling Global Markets portfolios on a daily basis for large P/L swings and MV breaks in Finance and Risk systems.

Researching daily valuation breaks for all OTC products.

Identify reasons for differences, including root cause analysis of process defects.

Draft and submit large break report with VaR impact assessment and determine if Risk Re-statement is required. Liase with Market Risk Management team.

Work with technology to enhance automated reconciliation to address issues.

Requirements

Education: B.E/MBA, B Com/MBA, CA, Candidates

Experience: 2– 7 years of industry experience in Market Risk Controls or Product control/PL attribution

Foundational Skills

General financial instruments knowledge (equities, fixed income, options, swaps, futures, foreign exchange) in capital markets area.

Ability to understand key market drivers for VaR , Stress VaR impact - Contribution to market Risk. OR ability to understand PL attribution

Excellent communication skills.

Knowledge of GREEKs (Delta, Vega)

Desired Skills: FRM/CFA Level 1

Shift Timings: 11:30 AM – 09:30 PM IST

Location: Mumbai

Job Band:

H7

Shift:

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0