Bank of America is one of the world's largest 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.
BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide.
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.
BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.
Global Middle Office Generally :
Global Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P / L, balance sheet and financial results in support of Global Markets, Corporate Treasury and Corporate Investments businesses.
There are seven GMO core functions that are critical in ensuring business process control : New Business Development, Trade Capture Substantiation, P&L Validation, Risk / Position Validation, Balance Sheet Substantiation, Event Monitoring, and Front-Back Process Oversight.
Quantitative Middle Office :
The QMO or Quantitative Middle Office Team is part of the Global Middle Office (GMO) Team. The Risk validation team is responsible for assisting in the accurate computation & reporting of risk sensitivities for OTC derivatives which are used for risk calculations.
Daily Risk validation and Analysis
Job requirements (Mandate skills, desired skills)
Knowledge of Financial Risk Management : Credit Risk Model, Value at Risk. Knowledge of Interest Rates, Credit spreads, bond pricing, etc.
Experience Range - Minimum 06 to 08 Years of relevant experience.
Location - Gurgaon
Shifts - 12 : 30 Pm IST to 09 : 30 PM IST