Bank Of America Senior Manager 

India, Haryana, Gurugram 

652966226

Job Description*

As a member of this team, you will be accountable for handling Production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L Attribution required for VBT together with analysis of the returned results and remediation where required. This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages and P&L explains. As such, the visibility and exposure in this role is quite significant as VBT is done essentially across all regions and trading businesses.

Responsibilities*

As an Individual Contributor developing and re-engineering processes to bridge the Product Control, Finance and Risk disciplines, responsibilities will include the following:

• Partnering closely with Finance, Risk and Technology to define business processes and implement related technology solutions

• Act as a bridge between Market Risk and BFC to navigate backtesting issues.

Partner with BFC to enhance VBT controls to enhance accuracy of submissions into VBT for Backtsting.

• Liaise with Technology to oversee aspects of implementation include tactical solutions and strategic enhancements as additional requests are made by Risk and/or Regulators

Requirements*

The successful candidate will possess the following qualifications:

• Ability to lead and drive change

o High sense of urgency with ability to drive results

o Independent thought process; strongly need an individual who doesn’t need to be advised on every single next step and who takes initiatives

• Minimum of 8+years industry experience

o Have proven ‘requirement and process definition’ and ‘documentation’ skills with ability to handle diverse workload and tight schedules

• Excellent verbal and written communication/presentation skills

o Ability to bridge communication between Analysts and Technologists

o Ability to interface across various levels and departments of the organization

Certifications If Any

Experience Range*

8-12 years of experience

Foundational skills*

o Demonstrate Global Markets product knowledge

o Demonstrate experience in or around the product control environment

o Experience in MO office/finance/operation re engineering initiatives

o Ability to articulate full product life cycle and understanding front to back OTC trade life cycle and the use of OTC valuations by downstream consumers

o Solid understanding of Greeks, knowledge of VaR a benefit

o Experience in contemporary technology

Work Timings*

11:00 AM to 8:00 PM