Balance Sheet and Interest Rate Risk Manager

Bank Of America; Mumbai; Sur place; INR 1 200 000 - 2 400 000; Plein temps

Résumé du poste

Bank of America in Mumbai is seeking a Manager to lead balance sheet forecasting and net interest income analysis within the CFO/BSM framework. The role works with Treasury and LOB Finance teams to deliver accurate forecasts and robust reporting.

The candidate should have 5–8 years of banking analytics experience, strong Excel and SQL skills, and be comfortable coordinating with global partners across time zones. In-office Mumbai work arrangement is expected.

Qualifications

• Bachelor’s degree in finance, business, accounting, economics or related field.
• 5–8 years of experience in finance, banking or treasury analytics.

Responsabilités

• Provide forecast analysis for balance sheet and net interest income (NII).
• Collaborate with global teams to deliver accurate, timely reporting to stakeholders.
• Assist with development of new reporting requirements and system capabilities.
• Communicate results clearly to management and escalate issues when needed.
• Support stress testing and liquidity forecasting activities.

Connaissances

Forecasting

NII analysis

Excel advanced

SQL

Data visualization

Formation

Bachelor’s degree in finance/business/economics

Outils

SAP eLedger

Tableau

Alteryx

Python

Description du poste

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. 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

The BSM IFAR team works with the broader Treasury and LOB Finance team to support LOB and Finance partners through analytics and reporting to communicate the story of the Company’s financial results to stakeholders. This team is responsible for coordinating, consolidating, analyzing, and reporting balance sheet forecast results under various scenarios including baseline and stress. This role also plays a critical role in forecasting net interest income (NII), Treasury non-interest income, and to explain the driver of our forecasts such as change in the market yields, the LOB business strategy by line of business, legal entity, and product.

Job Description

Balance Sheet and Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and net interest income (NII). Another critical function is the measurement and analysis of Interest Rate Risk (IRR) using various methods. This information provides the framework that allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company’s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast and supporting liquidity calculations in coordination with Global Liquidity Management.

This job is responsible for managing balance sheets, balancing risk and stabilizing returns. Key responsibilities include determining and executing on stakeholder business requirements, leveraging discretionary assets, liabilities, and modern balance sheet instruments. Job expectations include pursuing operational excellence, recommending process improvements, decreasing operational risks, and providing analytics such as, Net Interest Income (NII) and yields.

Responsibilities

• Provide forecast analysis and summarize results as it pertains to net interest income and balance sheet.
• Assist with execution of additional routines including report building, testing and implementation of new reporting requirements.
• Partner with teams across the globe to deliver efficient, well controlled, and timely reporting to satisfy internal and external stakeholders and associated business requirements.
• Be a strong communicator when presenting results, and escalating issues.
• Work with technology teams to resolve data issues or in implementation of new system capabilities.
• Continuous improvement of existing processes and workflows, identifying where emerging technology can help reduce process time and increase controls.

Requirements

• Education: Bachelor’s degree in finance, Business, Accounting, Quantitative, or Economics.
• Experience Range: 5 to 8 years.
• Foundational skills: Strong understanding of the balance sheet and income statement, preferably in a banking setting; Experience and exposure to banking products.
• Knowledge of basic interest rate risk principles.
• Proven track record of clear and concise verbal and written communication, comfortable escalating issues to management.
• Intellectual curiosity, regularly asking questions to enable rapid learning of a complex topic.
• Self-starter with ability to be proactive and well organized.
• Flexibility in joining meetings during EMEA and APAC time zone hours.
• Technical and ET skills to drive Opex (SQL, VBA, Tableau, Alteryx, Python will be advantageous).
• Strong Excel skills.
• Strong attention to detail.
• Prior experience working in accounting or financial services.
• Analytical abilities/financial acumen/problem solving skills.
• Strong control mindset including ability to identify risks and build and maintain associated controls.
• Working knowledge of SQL and advanced Excel skills: We leverage data warehouses which require working knowledge of SQL and working with large amounts of data in excel. Ideal candidate is expected to use advanced excel functions and create executive level summary reports.
• Ability to manage multiple priorities in a time-sensitive environment.
• Prior experience with SAP eLedger (EPM, BEx).
• Natural desire to understand intricate processes while seeing the big picture.
• Good business partnering skills.
• Experience improving and automating manual processes.
• Experience analyzing fixed income securities and interest rate derivatives.
• CFA (or pursuing CFA), or CPA a plus.

Work Timings

12:30 PM to 9:30 PM

Job Location

Mumbai

Experience Level

Mid Level