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Manager

Bank of America

Bank of America

Hyderabad, Telangana, India · andheri east, mumbai, maharashtra, india · United States · Remote
Posted on Wednesday, June 19, 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.

Job Description*

Stress Testing team combines financial expertise and programming skills to quantify, summarize, and report revenue, expense and balance sheet impacts from various economic scenarios.

Responsibilities*

• Investigate relationships between macro-economic variables revenue streams to identify statistically significant relationships to enable modeling of those revenue streams in various economic environments

• Develop complex program models to extract data and use databases and external data sources to provide statistical and financial modeling

• On a quarterly basis prepare summary results and presentation materials and present the results to Finance and Business partners for approval.

• Discuss forecasts derived using complex, statistical models with both technical audiences, including statisticians and modelers and non-technical audiences, and presents financial results in a non-technical manner to Heads of Business and Senior Management.

• Help work through the model validation process and maintains process documentation, as required for internal governance or regulatory requirements.

Requirements*

Education*

University degree in Finance or Computer Science or on areas related to Coding

Certifications If Any

Good to have any of the certifications of: FRM, CPA, CFA, ACA

Experience Range*

• 4+ years of experience in Financial modelling, either on Statistical side or Technology side

Foundational skills*

• Good understanding of Stress testing landscape

Desired skills

• Exposure to Statistics, macro-economic modeling, working directly or indirectly in Stress testing cycle

• Computer Programming Skills - Working knowledge of R

Work Timings*

11:30 AM to 8: 30 PM, Fixed Shifts

Job Location*

Mumbai, Hyderabad