Analyst - GBS -R

Bank of America; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Bank of America in Mumbai seeks an Analyst to measure counterparty credit risk across markets, construct portfolio reviews, and support senior risk discussions. The role requires strong data analysis, cross‑functional collaboration, and hands‑on experience with Excel, VBA, Python, Bloomberg, and SQL.

The candidate will work with various risk and front‑office teams, manage concentration limits, and contribute to governance, reporting, and risk decision processes in a fast-paced environment.

Qualifications

• Education in engineering, commerce, CA or MBA.
• CFA/FRM is an added advantage.
• 7–10 years in capital markets operations with trade life cycle knowledge.
• Experience in market risk and credit risk fields.
• Ability to investigate root causes and analyze portfolio changes.
• Experience handling large data sets and complex data synthesis.
• Strong Excel proficiency and effective communication across teams.

Responsibilities

• Understand derivatives and related asset classes across FX, rates, equity, and credit.
• Measure counterparty risk and support portfolio reviews.
• Provide data support and ad hoc analyses for regulators and senior risk leaders.
• Maintain documentation of processes and reports.
• Collaborate with trading, sales, and credit risk teams to ensure risk discipline.

Skills

Derivative products knowledge

Counterparty risk measurement

Office, VBA, Python

Bloomberg

SQL

Communication skills

Cross-team coordination

Education

Bachelor's/Master's in Engineering/Commerce/CA/MBA

Tools

Excel

VBA

Python

Bloomberg

SQL

Job description

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!

Process Overview

Global Markets and Financial Risk (GMFR) serves as independent risk oversight of the firm’s trading activities across various trading desks and trading portfolios. The Global Business Services team is responsible for implementation and management of cross-product processes and analysis to support GMFR. Job Description Counterparty Credit Risk and Portfolio Management (CCRPM) team within GMFR is responsible for managing counterparty concentration, performing counterparty portfolio analysis and delivering the BAU counterparty stress testing. CCRPM is part of Counterparty and Financial Market Utilities Risk, Indirect Coverage Area Group (CFIG) team. The Analyst is responsible for measuring counterparty credit risk (CCR) for all lines of businesses in the Markets division covering all traded products (fixed income, currency, commodities, equities). The analyst will assist in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties. The analyst will present their analysis to senior management, including Market Risk, Wholesale Credit, and Enterprise Credit, as well as Front Office Trading and Sales team. In this capacity, the analyst will need to leverage their expertise in counterparty credit risk management and traded products to highlight areas that warrant additional investigation, monitoring and discussion. The analysis will encompass a range of counterparty exposure management techniques such as potential future exposure, stress testing, sensitivity analysis, wrong way risk, and CVA. Additionally, the analyst will assist in the managing of counterparty concentration limits at the counterparty level across asset classes. The analyst will be responsible for maintaining strong risk discipline and demonstrated ability to working across a variety of functions including trading, sales and credit risk. The successful candidate will need to have a mix of technical skills and the ability to communicate with a wide audience both written and orally.

Responsibilities

• Solid understanding of derivative products with broad knowledge across asset classes (FX, rates, equity, and credit).
• Knowledge about counterparty risk measurement techniques on derivatives and financing transactions preferred.
• Strong computer skills (Office, VBA, Python, Bloomberg, SQL).
• Excellent communication skills both written and verbal.
• Self-starter who excels in a fast paced environment, liaising with multiple teams, working closely with the Line of Business (LOB) to understand the process and managing LOB process expectations.
• Supporting analysis and data requirement for multiple ad hoc questions on reports from regulators, internal senior risk leaders and audit partners.
• Maintain and develop documentation on processes where needed.

Requirements

• Education Bachelors/Masters degree in Engineering, Commerce, CA, MBA from top tier colleges.
• Certifications CFA, FRM etc. will be an added advantage.
• Experience Range 7-10 years of experience in capital markets operations with a thorough understanding of trade life cycle.
• Foundational Skills Experience in market risk and credit risk related field.
• Intellectually curious with ability to investigate and develop root cause analysis for portfolio changes.
• Experience working with large data sets.
• Ability to aggregate and synthesize complex data from multiple sources.
• High level of proficiency with Microsoft Excel.
• Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues.
• High level of attention to detail.

Desired Skills

• Experience with regulatory reporting, regulatory exams and/or audit.
• Prior experience in a risk Senior Analyst role covering Global Markets products is a plus.

Shift Timings

12 noon to 9pm IST

Location

Mumbai

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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.