Job Description:

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.

• 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 firm's 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.
• Drive regulatory projects working closely with other functions like Quants, Market Data etc. and regularly apprise updates to Senior management.
• 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.

• Education- Bachelors/Masters/Top tier - Engineering, MBA, BCom, CA etc.
• Certifications If Any - CFA, FRM etc. will be an added advantage
• Experience Range5 - 7 years
• Foundational skills
• Experience in a trading / market risk related field with a strong focus in Risk Management of multiple asset classes.
• 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
• Experience with Tableau, Alteryx or other similar tools
• 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
• Experience with Projects related to Regulatory Capital model (FRTB).