Apply Now Associate

About UsAt Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection Responsible Growth is how we run our company and how we deliver for our clients teammates communities and shareholders every day One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world Were devoted to being a diverse and inclusive workplace for everyone We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical emotional and financial well-being Bank of America believes both in the importance of working together and offering flexibility to our employees We use a multi-faceted approach for flexibility depending on the various roles in our organization Working at Bank of America will give you a great career with opportunities to learn grow and make an impact along with the power to make a difference Join us Global Business ServicesGlobal Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed globally integrated delivery model and globally resilient operations Global Business Services is recognized for flawless execution sound risk management operational resiliency operational excellence and innovation In India we are present in five locations and operate as BA Continuum India Private Limited BACI a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services Process Overview ARQ supports global businesses of the Bank with solutions requiring judgment application sound business understanding and analytical perspective The domain experience 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 three locations i e Mumbai GIFT City Gurugram and Hyderabad The team is responsible for producing the Risk Not in VaR RNiV results as part of the firm s market risk monitoring duties It works with Global Risk Market Analytics GMRA Global Markets Risk GMR and technology teams to source and prepare model inputs perform input quality controls run RNiV calculations and analyze results The team actively engages with Risk Managers to prepare change commentary and performs ad-hoc analysis to support market risk management across the bank Responsibilities Execute quarterly and monthly RNiV calculations across all legal entities covering the end-to-end process from data sourcing through to sign-off Identify analyze and monitor risk factor drivers of results in order to explain results to business partners Engage with Risk Managers to prepare change commentary and perform ad-hoc analysis to support market risk management across the bank Create and maintain documentation for all activities in the RNiV execution process Understand the core methodology of the calculations and the context in which it will be deployed to identify opportunities for process or methodology improvement Develop debug and maintain Python code used to automate the ongoing production process and model executions Requirements Experience 4 to 9 years Education Graduation Foundational skills Analytical background Finance Math Economics Physics Engineering degree with strong attention to detail Experience of working in Market Risk and understanding of Market Risk RNIV and Capital Models Good written and oral communication interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions Understanding of the financial industry including clear expectations of the required regulatory environment Broad financial product knowledge Experience in data analysis with excellent research and analytical skills Desired Skill - Proficiency in programming languages such as SQL Python or RWork Location Hyderabad GIFT and MumbaiWork Timings 11am to 8pm IST