Bank Of America Markets Support Specialist 

United States, Illinois, Chicago 

140818596

Responsibilities:

• Review and verify the model inputs feeding the IM calculations
• Identify, document and escalate production errors detected during pre and post-calculation routines
• Perform periodic controls which exist to prevent and mitigate erroneous IM calculations
• Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures
• Assist with the testing and validation of IM results through each technology release
• Identify and establish control processes that will mitigate future IM calculation errors
• Perform periodic and ad-hoc reporting to measure and monitor key metrics for the UMR BAU and Contingent Liability space
• Provide enhanced analysis and IM explains to front office and collateral operations teams when counterparty disputes arise for IM calculations
• Communicate effectively with all levels of management, across business units as well as externally to customers of the firm

Required Qualifications:

• Minimum undergraduate in Mathematics, Finance or Quantitative field
• At least 1 years of experience working in a quantitative risk, middle office, or front office role
• Excellent communication & analytical skills
• Experience working with OTC derivatives/Fixed Income

Desired Qualifications:

• Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR) including market & credit risk
• Strong technical skills including experience using Excel, VBA and SQL
• Experience pricing OTC derivative products including futures, options, swaps, credit default swaps, forward rate agreements and swaptions
• Knowledge of uncleared margin rules, the ISDA SIMM model, and the BCBS-IOSCO framework is a plus
• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Skills:

• Issue Management
• Risk Management
• Business Acumen
• Continuous Improvement
• Stakeholder Management
• Adaptability
• Attention to Detail

1st shift (United States of America)