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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 :

Global Middle Office Generally:

Global Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets, Corporate Treasury and Corporate Investments businesses. There are seven GMO core functions that are critical in ensuring business process control:  New Business Development, Trade Capture Substantiation, P&L Validation, Risk/Position Validation, Balance Sheet Substantiation, Event Monitoring, and Front-Back Process Oversight.

Job description :

Quantitative Middle Office:

The QMO or Quantitative Middle Office Team is part of the Global Middle Office (GMO) Team. The Risk validation team is responsible for assisting in the accurate computation & reporting of risk sensitivities for OTC derivatives which are used for risk calculations.

Responsibilities :

Daily Risk validation and Analysis

• Review and validate new risk measures to be used by the SBA model

• Explain the daily primary and secondary risk sensitivities for OTC derivatives

• Investigate discrepancies in the calculated number by performing independent trade valuation

• Communicate daily with  FO and technology partners on issues and discrepancies discovered

Process Improvement

• Identify issues and control gaps in existing infrastructure

• Work with technology team to streamline our processes and enhance data integrity and control

Project Management

• Accountable for the success of small projects or sections of larger ones

• Responsible for the quality and timeliness of all project deliverables and well as the implementation of relevant project management practices (status reporting, issue tracking etc)

• Day to day responsibility for managing the project with line, technology and other partners

Requirement :               

Education : Masters Degree in Finance, Economics or Financial Quantitative Analysis

Certifications (if any) : NA

Experience Range : 4 - 5 years

Foundational Skills :

• Excellent communication skills

• Strong technical skills including experience using MS Office, SQL, and Visual Basic; Experience handling large amount of data

• Strong analytical skills

• Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income Modeling. Pricing derivative products like Futures, Options, Indexes, CDS, CDO, FRAs, SWAPs, SWAPTIONs, CAPs/FLOORs. Knowledge of Financial Risk Management: Credit Risk Model, Value at Risk. Knowledge of Interest Rates, Credit spreads, bond pricing, etc.

• Strong knowledge of market & credit risk  

Work Timing - 12:30 - 9:30 pm

Location - Mumbai