Role Overview
Bank of America features an opening for an Analyst - GBS - R within the Global Markets and Financial Risk (GMFR) group in Mumbai, Maharashtra, India. In this risk analytics role, you will sit within the Counterparty Credit Risk and Portfolio Management (CCRPM) team, operating under the Counterparty and Financial Market Utilities Risk, Indirect Coverage Area Group (CFIG). The position focuses on measuring, monitoring, and managing counterparty credit risk across all lines of business within the Markets division, covering traded derivative products across fixed income, foreign exchange, commodities, and equities. You will construct portfolio reviews, perform counterparty stress testing, evaluate concentration limits, and conduct quantitative exposure analyses utilizing Python, SQL, VBA, and Bloomberg systems.
Core Responsibilities
- Counterparty Risk Measurement: Quantify and monitor counterparty credit risk exposures across multi-asset class derivative portfolios and financing transactions using Potential Future Exposure (PFE), CVA, Wrong Way Risk (WWR), and sensitivity metrics.
- Portfolio Stress Testing & Analysis: Construct comprehensive counterparty portfolio reviews, execute BAU stress tests, and run deep-dive analyses on specific counterparty exposures.
- Concentration Limit Governance: Manage and track counterparty concentration thresholds across global market products, asset classes, and legal entities.
- Technical Automation & Modeling: Utilize Python, SQL, and VBA to manipulate large financial datasets, aggregate complex risk metrics from multiple data sources, and automate risk reporting workflows.
- Stakeholder Reporting: Present analytical findings and portfolio risk assessments to senior leadership across Market Risk, Wholesale Credit, Enterprise Credit, and Front Office Trading/Sales teams.
- Regulatory & Audit Support: Prepare risk datasets and documentation to support inquiries, audits, and reporting requirements from internal risk committees and global regulators.
Qualifications & Requirements
- Educational Background: Bachelor's or Master's degree in Engineering, Commerce, Chartered Accountancy (CA), MBA, or a related quantitative discipline from a premier institution.
- Professional Experience: 7 to 10 years of experience in capital markets operations, market risk, or counterparty credit risk with in-depth knowledge of the end-to-end trade life cycle.
- Financial Asset Expertise: Solid understanding of financial derivatives across rates, foreign exchange (FX), equities, and credit instruments.
- Quantitative & Technical Skills: Hands-on technical capability with Python, SQL, VBA, Advanced Microsoft Excel, and financial data tools like Bloomberg.
- Risk Methodologies: Practical exposure to risk measurement concepts, counterparty exposure management techniques, and root cause analysis for portfolio movements.
- Preferred Credentials: Professional risk certifications such as Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA).
- Shift Operations: Ability to align with operational shift hours (12:00 PM to 9:00 PM IST) to support global markets coverage.
About Bank of America
Bank of America is a global financial institution serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and financial and risk management products and services. Operating through its Global Business Services operations in India, Bank of America delivers risk management, technology, and operations solutions to support international markets.