Consultant/Senior Consultant - Shared Services - Bank

Job Description:

- The team in India will support a broad set up of work in conjunction with employees located in Europe and the US.

- These workstreams include critical central processes integral to Counterparty Credit Risk and Portfolio Management (CCRPM) at Bank of America such as Reporting, Portfolio Analysis, Limits Governance and Utilization reporting.

- The team 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 team will assist in constructing counterparty credit risk portfolio reviews along with specialized deep dives on specific counterparties.=

- The team 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 team 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 team will assist in the managing of counterparty concentration limits at the counterparty level across asset classes.

- The team member 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:

- Participating in the production of routine including review and analysis of report output

- Managing several critical reporting and governance routines, such as regulatory filings and board and committee input preparation

- Fielding ad-hoc questions on the report from regulators, internal senior risk leaders, and audit partners

- Developing new materials or analyses as needed

- Automate processes where needed via Python coding, excel, or other similar

- Maintain and develop documentation on processes where needed

- Liaising with technology and data partners to correct issues discovered as part of the analysis process

- Ensuring a strong control environment and participating in the execution of control routines

- Maintain and develop documentation on processes where needed

Requirements:

Education:

- Bachelors/Masters degree in Engineering, Commerce, CA, MBA

Certifications If Any:

- CFA, FRM etc. will be an added advantage

Experience Range:

- 2- 7 years

Foundational skills:

- Experience in a trading / market risk related field

- 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

- Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes

- Experience working with large data sets

- Experience with Python or other similar languages

- 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

- Ability to aggregate and synthesize complex data from multiple sources

- High level of attention to detail

Desired skills:

- Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously

- Experience and understanding of common market risk metrics like Value at Risk (VaR)

- Experience with regulatory reporting, regulatory exams, and/or audit

Work Timings: 12 Noon to 9 pm IST

Job Location: Hyderabad & Mumbai