Job Description:
* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
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.
- Drive regulatory projects working closely with other functions like Quants, Market Data etc. and regularly apprise updates to Senior management.
- 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*
- 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 ofmultiple asset classes.
- 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
- Experience with Tableau, Alteryx or other similar tools
- 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
- Experience with Projects related to Regulatory Capital model (FRTB).
Work Timings*
12 Noon to 9 pm IST
Job Location*
Gurugram, Hyderabad & Mumbai