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Senior Analyst

Bank of America

Bank of America

IT
Mumbai, Maharashtra, India · United States · Remote
Posted on Thursday, June 13, 2024

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

Enterprise Role Overview:

Global Markets and Financial Risk (GMFR) seeks to deliver effective independent risk management of the activities and processes associated with managing the Company’s market, capital, liquidity and earnings risks. Assists in providing risk oversight, advice and counsel to the line of business (LOB). Establish risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. Demonstrates ability to recognize all risk categories including credit, market, operational and compliance and bringing appropriate risk expertise as needed. Assists in conducting execution of risk framework activities including, but not limited to, independent monitoring and testing of controls and risk management processes for the LOB. Assists in establishing and overseeing the risk management governance structure for the LOB.

Job Description:

The Liquidity Risk Manager will be responsible for coverage of our Liquidity and Capital Data & Technology program, and Liquidity Regulatory Reporting. The role will be required to demonstrate an understanding the fundamentals of an effective stress testing program and ensure BAC’s process helps us appropriately manage risk. As a Risk horizontal team, it is our role to ensure that all elements of the Liquidity Risk Policy related to stress testing operate effectively across horizontal and vertical coverage teams, as well as lines of business, Front Line Units and Control Functions. The position will also be responsible for the identification of opportunities to advance risk management capabilities by leading strategic vision and implementation of technology infrastructure. Leading CFO Risk data and system efforts and prioritization with our partners, Treasury Data Management (TDM), and Treasury Business Technology (TBT).

Responsibilities:

  • Contribute to multiple complex projects for Liquidity and Capital and other risk types
  • Help drive initiatives across liquidity and capital risk by coordinating enhancements to models, data, technology solutions, and business processes, and provide regular updates to senior stakeholders
  • Collaborate with Treasury to execute projects focused on evolving liquidity stress testing processes, governance and control
  • Execute and develop robust change control process pertaining to liquidity risk reporting and analytics
  • Identify and execute opportunities that further integrate liquidity and capital processes
  • Develop and demonstrate acumen for the identification of liquidity risks and understanding of appropriate risk coverage
  • Produce analysis and monitor trends on key risk measures
  • Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners
  • Developing new materials or analyses as needed

Requirements:

Education: Graduate

Experience range: 5 to 8 years

Foundational Skills:

  • 3+ years of Treasury, Markets Risk, Finance / Accounting or Risk Management experience.
  • Solid understanding of Treasury / liquidity concepts and liquidity regulations
  • Proven ability to analyze complex concepts, connect to big picture, and recommend appropriate actions
  • Strong project management and organization skills with ability to coordinate partners across multiple organizations to deliver well-controlled, sustainable processes
  • Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow
  • Proven ability to influence executive stakeholders and regulatory partners to achieve desired outcome
  • Strong analytical mindset and effective problem-solving skills
  • Attention to detail and ability to work with minimal supervision
  • Experience with data analytics and visualisation tools (e.g., Alteryx, Tableau, Shiny)
  • Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
  • Demonstrates commitment to excellence by anticipating needs, mitigating risks and minimizing potential problems

Desired Skills:

  • Ability to multi-task with excellent time management skills, manage projects and pivot between tactical and strategic tasks

Work location: Mumbai & Gurugram

Work Timings: 12noon to 9pm