Manager
Bank of America Corporation
Gurugram
30d ago

Overview

  • Bank of America overview, BA Continuum India overview, Business Overview)
  • 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.

    Process Overview

    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.

    Job responsibilities.

    Daily Risk validation and Analysis

  • Review and validate new risk measures to be used by the SBA model
  • Explain the daily primary and secondary risk sensitivities for OTC derivatives
  • Investigate discrepancies in the calculated number by performing independent trade valuation
  • Communicate daily with FO and technology partners on issues and discrepancies discovered
  • Process Improvement

  • Identify issues and control gaps in existing infrastructure
  • Work with technology team to streamline our processes and enhance data integrity and control
  • Project Management

  • Accountable for the success of small projects or sections of larger ones
  • Responsible for the quality and timeliness of all project deliverables and well as the implementation of relevant project management practices (status reporting, issue tracking etc)
  • Day to day responsibility for managing the project with line, technology and other partners
  • Job requirements (Mandate skills, desired skills)

    Qualifications :

  • Masters Degree in Finance, Economics or Financial Quantitative Analysis
  • Mandate skills

  • Excellent communication skills
  • Strong technical skills including experience using MS Office, SQL, and Visual Basic; Experience handling large amount of data
  • Strong analytical skills
  • Knowledge or experience with trading products in capital markets : Knowledge of : Fixed Income Modeling. Pricing derivative products like Futures, Options, Indexes, CDS, CDO, FRAs, SWAPs, SWAPTIONs, CAPs / FLOORs.
  • Knowledge of Financial Risk Management : Credit Risk Model, Value at Risk. Knowledge of Interest Rates, Credit spreads, bond pricing, etc.

  • Strong knowledge of market & credit risk
  • Experience Range - Minimum 06 to 08 Years of relevant experience.

    Location - Gurgaon

    Shifts - 12 : 30 Pm IST to 09 : 30 PM IST

    Apply
    Apply
    My Email
    By clicking on "Continue", I give neuvoo consent to process my data and to send me email alerts, as detailed in neuvoo's Privacy Policy . I may withdraw my consent or unsubscribe at any time.
    Continue
    Application form