Senior Analyst

Bank of America; Mumbai; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

Bank of America in Mumbai is hiring an Analyst to measure counterparty credit risk across all markets products, supporting portfolio reviews and risk reports. The role requires strong data skills and effective communication with cross-functional teams.

The analyst will present analyses to senior risk leaders, collaborate with trading, sales and credit teams, and use Excel, Python and SQL to derive actionable insights. A CFA/FRM background is advantageous.

Qualifications

• Bachelor's or master's degree in Engineering, Commerce, CA or MBA.
• Experience in capital markets operations and risk is required.
• Knowledge of derivative products and risk measurement concepts.
• Proficiency with Excel; familiarity with Python/SQL is a plus.

Responsibilities

• Measure CCR for all lines of business across markets.
• Prepare counterparty portfolio reviews and deep dives.
• Present findings to senior management including Market Risk and Credit teams.
• Assist in managing counterparty concentration limits and documentation.
• Collaborate with trading, sales and risk across functions.

Skills

Counterparty risk

Derivatives knowledge

Data analysis

Communication

Attention to detail

Team collaboration

Education

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

Tools

Excel

Python

SQL

Bloomberg

VBA

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.

These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

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.

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