Global Markets Business Finance & Control (BF&C) seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Fixed Income/FX/Equity trading desks. The candidate's main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams. Good communication and time management skills are essential to perform this role.

Individual will be responsible for metric governance which require collection/validation of metric values, followed by gathering RCA & G2G commentary on non-performing metrics. Individual will also be working closely with India NTCO teams on driving the risk culture and identify/remediate gaps that are identified during the process review/deep dive.

NFRR - Responsible for monitoring of adherence of Enterprise Data Management - Data USE standard for all NFRR reports. The function enforces controls on the NFRR Inventory metadata, monitor Production Health of the reports and track and report production health breaches and regulatory inquiries.

Manage projects/ tasks/changes/deliveries involving service, operations, or administrative associates. Prepare and manage documents like BRD (Business requirement Document), test cases, test script related with owned projects. Manage stakeholder / UAT/ system environment in regions at Global level

Part of the job may also require focus on ensuring all process automation solutions are adhering to our enterprise change and governance policies. Our Program is tasked with the execution of an emerging technology portfolio which varies in capability from RPA, Natural Language Processing (NLP) and Optical Character Recognition (OCR) tools to Machine Learning platforms.

Structured Trade Review - Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies. Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking. Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments. Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades

The RDM Data Quality team will be responsible for identifying, investigate and remediate data quality issues with respect to Client/Counterparty reference, static account, and product data. Individual will be responsible for Analysis activity along with the remediation of data attributes associated with the duplicates/data issues. The team would be responsible for adding and maintaining static data activities for GDRO. This includes adding and updating client and account details, entity data reference management and other static data amendment activities to support the Analysis type activity.

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

EMEA Securities Settlements team perform various functions like pre-matching, settlements, sufficiency, Depot Transfers and controls functions like margin, queue/break management, FOP and margin payments for few entities. We work on both equities and fixed income products. Maintaining client/broker relationship and keeping the market, credit, liquidity and operational risk to its minimum is key to the success. Teams interact with several different internal teams which are part of trade lifecycle and also with various counterparties externally to match/settle the trades.

Global Financial Control India is the global delivery footprint of the bank's Global Financial Control function within the CFO group and is responsible for multiple functions including U.S. and Regional Legal Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting & Compliance, Operational Risk & Controls Oversight, Finance Change & Production Services and Data Management.

The role involves reporting, analysis, accounting, data validation and liaising with various stakeholders

FEO

ARQ supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. We support onshore teams in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from four locations i.e. Mumbai, Gurgaon, Hyderabad and GIFT.

Individual will be closely working with teams across Consumer and Small Business Card portfolios , Digital Analytics , Consumer Credit Strategies team providing qualitative and quantitative analytical support to Consumer Credit Borrowing Strategies team on the state side.

The GRA (Global Risk Analytics) DSTRO MDE team is responsible for assessing AI solutions implemented across the bank (built internally or externally) to identify any risks which may have unintended consequences. The role involves assistance in model development and model documentation to facilitate model validation by Model Risk Management (MRM), assistance in remediation of MRM's RAIs (Required Action Items), model governance through intra-cycle monitoring, representation in internal and external audits, etc. Individual will be part of the Global Risk Analytics(GRA ), will work in one of the sub functions which includes data quality Development, insights and model development, performing data mining , economic data research, data effort in an evolving data environment. This position must have strong technical skills, superb Business process analysis and interpersonal skills. The ability to extract and analyze data, understand and business requirements and translate into design, Develop / enhance the codes. Individual should be Passionate about finding insights from large data sets working with diverse business groups. Able to work independently or in a team on complex projects.

GWIM Analytics and Reporting team, will be involved in designing, running and maintaining daily, weekly and monthly dashboards and provide meaningful insights on current business trends. The incumbent will be required to liaise with onshore partners across global locations on a regular basis to understand the requirements, get fresh reporting requirement, and provide clarifications, among other things.

Fraud Detection - Development of new and optimize existing fraud detection strategies using statistical, analytical and quantitative methods. Goal will be to identify and mitigate new and emerging fraud threats.

Quantitative Services (QS) team consists of several groups working for Global Markets. It is a sub-specialty focusing on development and operation of processes with a high degree of quantitative analysis, data management or technology development. The group covers several lines of business across the globe. QS Team is further structured into sub-teams - Cross-Asset Solutions, Global Markets Data Management, Strategic Data and Projects, Client Valuations Group and Quartz Operations Group.

Trade Operations team across all products including Letter of Credit, Collections, Open Account, Supply Chain Finance etc. He /She will be involved in day to day processing of transactions while ensuring adherence with Trade Guidelines (UCP 600, URR, URC etc) and Bank of America standards.

Credit Risk Group - The Commitments process involves effectively capturing the credit lines in the system as per the Credit Approval Memorandum raised by Credit Risk Group. It serves as a interlink between transaction processing group and credit services department. Team also performs daily/weekly/monthly exceptions reporting to upstream/downstream processes.

Asia Loan Servicing Team is responsible for the maintenance /administration of Syndicated & Bilateral Loans, Loan disbursement, Loans Fee processing, timely review & clearing of breaks assigned to loans responsible unit across 07 Asian Branches. Additionally, the team also performs reporting activities for Loans transactions

IRM/CF Model risk management team covers all aspects of model validation for credit risk models, capital models, loss forecasting models, treasury and balance sheet models, wholesale models, PPNR models, operational risk models and all control function models including fraud models, AML models & other compliance risk models, across financial products and markets.

Global Technology and Operations (GT&O) - Individual will interact with Model Developers, Model Owners and Global Control Functions to prioritize and complete validation activities and to effectively maintain and oversee the model risk governance processes. The candidate is also expected to provide support to senior management during regulatory and audit exams and submission requirements.

Risk Model Risk Management team covers all aspects of model validation and model risk of market risk models developed by Global Risk Analytics for one or more asset classes. The team covers market risk models across asset classes of over-the-counter derivatives ranging from interest rates, FX, commodity, inflation, equity, credit and mortgage. The models covered by team includes Value at Risk, Risk Not in VaR, IRC/CRM, and CCAR models related to market risk models. Candidate will work closely with front office and Global Risk Analytics model developers, as well as Finance/PVG and other risk management groups.

Business Enablement team, MRM is responsible for the platform transformation initiative to strengthen the integration of the model validation process into the model lifecycle and further enable model-driven business. The team seeks a Quantitative Developer to build model validation platforms within strategic business infrastructures. The platforms are aimed to enhance the model testing capability and modernize the end-to-end process of model development, validation, and ongoing monitoring. The role will work closely with the model validation team and bank-wide model development organizations to deliver advanced solutions to streamline process, enhance efficiency, and reduce operational risk.

Enterprise Model Risk Management seeks a quantitative analyst in the Wholesale Model Risk team to conduct independent testing and review of models used for wholesale loss forecasting, risk rating scorecards, regulatory capital, and allowance including CECL and IFRS 9. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.

KYC - The purpose of the job is to report and analyze data around completeness and accuracy of the "Know Your Customer" data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures. In addition, this job is to ensure that the appropriate Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies. This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements. The purpose of the job is to report and analyze data around completeness and accuracy of the "Know Your Customer" data and information that is collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures. In addition, this job is to insure that the proper Risk related activities are preformed based on the analysis of that client data and in accordance with AML policies. This information is critical in our efforts to comply with internal risk avoidance efforts and external compliance requirements.

Global procurement - Individual would require to be a highly motivated procurement professional who will be responsible for executing/processing Master Agreements, complex sub-agreements such as Statement of Work, Addendum, Amendments, Schedule, Evaluation Agreements, Non-Disclosure Agreements, Change Orders etc. end to end for respective Sourcing categories. Individual will perform as a contributing member in Sourcing COE team in any of the subgroups and drive compliance to Procurement standards and goals, reduce complexities, maintain quality standards and realize/highlight opportunities to negotiate on contractual and commercial terms with incumbent and or new vendors.

Client Services - An associate working for the process would be expected to not only just look for the company/industry information from the published reports, but also be able to analyze and understand which data points and financial metrics are important for a particular industry. Hence, the profile requires advanced research capabilities, database knowledge, finance and economics understanding as well as analytical skills. The candidate should be able to convert factual information into a highly analytical and incisive presentation. Support Syndication of Fixed Income Instruments which would include providing financial as well as qualitative analysis for each proposed loan/bond offering and providing regular market updates to the bankers. Provide expertise in ESG issues during transaction execution across the full capital structure.

GCIB Coverage team is made up of focused industry / product groups or geography groups that support onshore deal teams orchestrate capital raising and strategic advisory transactions.

Specifically, the team helps Global Investment Bankers of Bank of America Merrill Lynch in their business origination and client coverage efforts through building of client pitchbooks and supporting business analysis.

EIT

EIT Testing: Conduct independent process testing in support of identified needs, Testing includes activities such as manual, automated, surveillance and transaction level testing, Accountable for monitoring quality test execution, reversal/rebuttals, reporting and resolving issues escalated by LOB/testers, and monitoring the completion of all tests as scheduled

EIT Automation: Develop/build automated tests on the required platform while adhering to development standards

EIT UAT Testing: Conduct end-to-end testing on applications and technology to ensure that business, technical, functional requirements are being met throughout the SDLC, Executes test scripts based upon test strategy/plans in an effort to identify defects prior to production

Requirements

Education: B Tech./ MBA/ PGDM / Maters in Economics / Quantitative Technique & Economics/ Mathematics/ Supply Chain/ Operations/ Statistics/ Data Sciences

Location: Students should be willing to work in any locations namely - Mumbai, Chennai, Gurugram, Gandhinagar (GIFT), Hyderabad as per company requirement

Mandatory Eligibility requirements

• Final year Graduates from the Class of 2025 ONLY
• Must Have Specialization in Finance or as specified
• Must have scored 60% in the last semester OR CGPA of 6 on a scale of 10 in the last semester
• No Active Backlogs in any of the semesters
• Students should be willing to join any of the roles/skills/segment as per company requirement
• Students should be willing to work in any shifts / night shifts as per company requirement