Assistant Manager

Job Description:

About US

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

ARQ supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from three locations i.e. Mumbai, GIFT City, Gurugram and Hyderabad.

Job Description

Individual should be capable of running technical processes relating to execution of models across an Enterprise portfolio. This will involve familiarity with technical infrastructure (specifically GCP and Quartz), coding languages and the model development and software development lifecycle. In addition, there is opportunity for the right candidates to support the implementation of new processes into target-state, as well as explore ways to make the processes more efficient and robust. Specifically: Manage model execution, results analysis and reporting related to AMGQS models. The Analyst will also work with the implementation team to ensure that this critical function is well controlled

Responsibilities

• Identify, analyze, monitor, and present risk factors and metrics to, and integrate with, business partners
• Proactively solve challenges with process design deficiencies, implementation and remediation efforts
• Perform operational controls, ensuring consistency and compliance across all functions, including procedures, critical use spreadsheets and tool inventory
• Assist with enhancing overall governance environment within the Operations space
• Partner with the IT team to perform system related design assessments, control effectiveness testing, process testing, issue resolution monitoring and supporting the sign-off by management of processes and controls in scope
• Automate production processes using Python for several risk and loss measurement statistical models.
• Work with model implementation experts and technology teams to design and integrate Python workflows into existing in-house target-state platform for process execution
• Possess capabilities in data science and data visualization techniques and tools
• Write SQL queries to validate production results, integrate results with existing downstream applications and produce reports in format expected by end users
  
  

Requirements :

• Experience : 2 to 3 years
• Education: Graduate / Post Graduate from Tier 1 institutes
  
  

Foundational skills*

• Experience in statistics, operations research, economics, finance, physics or mathematics
• Reasonable understanding of Quants, Statistics and Math
• Proficiency in programming languages such as Python, SQL, or R
• Integrates seamlessly across set of stakeholders, internal partners
• Strong problem-solving skills and attention to detail
  
  

Desired Skills:-

• Excellent communication and collaboration abilities
  
  

Work Location: Hyderabad & Mumbai

Work Timings: 11am to 8pm IST