Manager

Location

Gurgaon | India

Job description

Overview (Bank overview, GBS India overview, Function 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 all 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*

Stress Testing & Forecasting Analytics team sits within the CFO Organization and is aligned to support Global Markets Business. Stress Testing and Forecasting Analytics team is responsible for executing the quarterly stress and baseline forecasts across various businesses within Global Markets. The team is also responsible for developing and maintaining the forecasting models.

The team needs to engage with senior stakeholders across the firm to conduct review and challenge meetings on quarterly basis with respect to the forecast results. The data and infrastructure needed for the forecast process is also owned by the team. There is high regulatory involvement given the key role the team performs in the CCAR process, Recovery and Resolution Planning, Stress loss forecasting etc.

Job Description*

We are looking for a seasoned individual who is technically strong and has worked stress testing/forecasting role focusing more on developing and maintaining the technology infrastructure that supports the stress testing models.

The position requires the person to have a good understanding of model development process and model maintenance (Very good R/Python coding knowledge is essential) along with understanding of all the different trading desks, their risk profiles and revenue generation mechanism. The person should have a good knowledge of the regulatory framework such as CCAR, Recovery and Resolution planning (RRP) etc.

This role will involve facing off with very senior stakeholders in Global Finance, Front office and Risk globally in addition to engagement with senior management at GBS.

Additionally, given the regulatory focus in this area, the person would have very strong communication and leadership skills.

Responsibilities*

• Maintain quantitative and qualitative forecasting models for various global markets businesses as needed along with maintaining the entire technology stack for the models
• Identify areas of process improvement and coordinate the execution of the same
• Ensure the integrity of the data and infrastructure that the global Stress testing team relies on for the quarterly forecast process
• Ability to build analytical tools from scratch and deploy them for global users.

Requirements*

Education*

Qualified PhD/MBA/Masters in a Quantitative/Technology Field from Tier I/II institute with relevant experience in Stress Testing and Forecasting Analytics in Global Markets environment and organization of similar scale. Strong programming knowledge in either R or Python is required (R is preferable)

Certifications If Any

• CFA / FRM certified candidates would be preferred

Experience Range*

4+  years with at least 2+ years’ experience in Global Markets Stress Testing/Forecasting Analytics role focused on model maintenance and stress testing technology stack

Foundational skills*

• 4+ years of Banking and Financial Services experience with extensive knowledge of working in a Global Markets environment
• Should have good understanding of financial markets, Derivatives & financial products across all asset classes -their valuation, risk etc.
• Strong quantitative modeling skills and programming skills
• Line experience coupled with a demonstrated ability to lead technology-based change
• Proven experience of providing thought leadership to overcome challenges and lead without direct authority
• Strong verbal and written communication skills, and the personal ability to collaborate, operate, and communicate effectively with a culturally diverse group of peers and colleagues.
• Has the gravity to interact at all levels of management to support resolution of complex business issues.
• Demonstrated ability to work in a global matrix organization and significantly multi-geography, multi-cultural offshore service delivery environment.
• Individual should have the resilience to handle internal pressures and conflicts in dealing with multiple stakeholders.

Desired skills

• Alteryx/Tableau knowledge would be an added advantage with the most relevant being R
• Must be proactive and be a highly-motivated self-starter
• Demonstrated ability to work in a high pressure environment
• Takes initiative and challenges existing processes and procedures in a proactive manner
• Ability to analyze issues independently and drive solutions
• Analytical skills

Work Timings*

12:00 PM IST to 21:00 PM IST

Job Location*

Mumbai/Gurugram

Job tags

Salary