Senior Manager

Overview Bank overview GBS India overview Function Overview Bank of America is one of the worlds 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 We are looking for a seasoned individual who is technically strong and has worked in a similar stress testing forecasting role preferably in a large global bank The position requires the person to have a deep understanding of modeling econometric forecasting R coding knowledge is preferable along with understanding of all the different trading desks their risk profiles and revenue generation mechanism The person should have a good knowledge of econometrics and other quantitative forecasting techniques in addition to 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 Build and maintain quantitative and qualitative forecasting models for various global markets businesses as needed Own all the inputs that go into regulatory submissions such as CCAR Recovery and Resolution Planning from a GBS perspective for specific desks businesses 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 Requirements Education Qualified PhD MBA Masters in a Quantitative Field from Tier I II institute with relevant experience in Stress Testing and Forecasting Analytics in Global Markets environment and organization of similar scaleCertifications If Any CFA FRM certified candidates would be preferred Strong Programming Knowledge R or Python would be a plus Experience Range 6 years with at least 2 years experience in Global Markets Stress Testing Forecasting Analytics roleFoundational skills 6 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 Demonstrated ability to work in a global matrix organization and significantly multi-geography multi-cultural offshore service delivery environment Desired skills R Alteryx Python Tableau knowledge would be an added advantage with the most relevant being R Must be proactive and be a highly-motivated self-starter 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 ISTJob Location Mumbai Gurugram