Associate - Mumbai, India - Bank of America

Bank of America

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Overview

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success.

Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most.

This purpose defines and unites us.

Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

- _BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank._

Process Overview:

The team in India is an extension of Bank of America's Global Risk Organization. India team provides analytical and technological support to the Model Risk Management desk.

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

Responsibilities:

Requirements:

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Education:Masters or Ph.
D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or EconomicsTop tier - IITs, NITs, Indian Statistical Institutes etc.
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Certifications (preferred but not mandatory):FRM, CFA etc.
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Experience Range:

7 years

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Foundational skills:

Strong Quantitative skills
Have a deep understanding and knowledge of modeling process and model performance measures and to perform effective challenges to the current models
Have a good Knowledge of asset allocation, portfolio optimization, derivative pricing, simulation, statistical modeling, and stress testing
Understanding of Artificial Intelligence / Machine Learning
Proficient in MATLAB, Python and R.
Ability to follow up with issues and summarize discussions
Ability to communicate clearly, effectively, and work well with people at all levels
Attention to details
Willingness to learn
Strong work ethic
Team player

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Desired skills:

3+ years of hands on model development or validation experience in Wealth Management, Asset Management, or Capital Markets.
Speaking / presentation skills in a professional setting
Strong design patterns skills to design and architecture the tool
Proficient in at least one programming software/language, such as Python, R or C++

Work Timings:12 PM - 9 PM IST

Job Location:
Mumbai / Gurugram

Job Band:

H6

Shift:

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0