Bank Of America Associate 

India, Maharashtra, Mumbai 

185219897

Responsibilities*

• Identify and analyse all significant risks across the line of businesses and ensure Senior Management are kept informed. Daily Risk/VaR Sign offs, Reporting, Limits management.

• Liaising closely with the business and other support functions to ensure risks are within firm’s risk appetite and correctly captured.

• Identify risk concentration and determine the circumstances under which the business portfolio could incur material losses.

• Report and monitor positions against market risk metrics and limits. Liaise closely with the business to detail any overages and set limits.

• Assist in the setup, configuration and implementation of new and upgraded risk management systems.

• Validate and produce information that is distributed to the relevant regulators.

• Assist in ad-hoc risk related queries, drill down analysis, specific risk analysis, VaR and risk trend analysis, reports and analysis for regulators.

• Represent the market risk function in cross function projects – migration and larger scale system changes.

Requirements*

• Education*

• Bachelors/Masters/Top tier – Engineering, MBA, BCom, CA etc.

• Certifications If Any

• CFA, FRM etc. will be an added advantage

• Experience Range*

  • 5 – 7 years

• Foundational skills*

• Experience in a trading / market risk related field with a strong focus in Risk Management of any asset class.

• Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes

• Experience working with large data sets

• Experience with Python or other similar languages

• High level of proficiency with Microsoft Excel

• Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues

• Ability to aggregate and synthesize complex data from multiple sources

• High level of attention to detail

• Desired skills*

• Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously

• Experience and understanding of common market risk metrics like Value at Risk (VaR)

• Experience with regulatory reporting, regulatory exams, and/or audit

Work Location: Mumbai/ Hyderabad

Work Timings: 11 am to 8pm IST