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
Quantitative Strategies and Data Group:
Quantitative Strategies and Data Group (QSDG) is part of the Global Business Services Team. The QSDG UMR Initiatives team supports Trade Compression, Initial Margin (IM), SA-CCR, and Risk Optimization initiatives across Global Markets businesses.
The team is responsible for:
- Driving trade compression initiatives through process automation, analytics, enhanced reporting, and optimization of compression opportunities.
- Supporting IM and SA-CCR optimization initiatives to reduce Initial Margin, RWA, and funding costs through data-driven analysis and strategic process enhancements.
- Providing quantitative analysis, risk validation, and business insights to support regulatory and capital optimization programs.
- Leading automation and technology transformation initiatives, including migration of legacy processes and models to scalable enterprise solutions.
- Partnering with Front Office, Risk, Technology, Quantitative Analytics, and Operations teams to deliver strategic business outcomes.
Job Description
Strategic Automation & Transformation
- Lead the identification, prioritization, and implementation of automation opportunities across Trade Compression, IM Optimization, and Risk Analytics processes.
- Define automation roadmaps and drive strategic process transformation initiatives.
- Oversee prototype development and partner with Technology teams for production implementation.
- Champion migration of spreadsheet-based workflows to scalable technology platforms.
Risk Analysis & Validation
- Provide oversight of risk analytics supporting IM, SA-CCR, and Trade Compression initiatives.
- Review and challenge model outputs, optimization results, and risk metrics to ensure data integrity and consistency.
- Lead investigations of unexplained movements in margin, risk sensitivities, capital, and funding metrics.
- Partner with Front Office and Quant teams to understand underlying drivers and business impacts.
- Develop robust controls and validation frameworks around optimization and reporting processes.
Business & Financial Analysis
- Develop a deep understanding of financial products, market risk, initial margin methodologies, and capital frameworks.
- Analyze financial implications and business benefits associated with optimization initiatives.
- Conduct quantitative analysis to identify opportunities for margin reduction, capital optimization, and funding efficiency.
- Deliver actionable insights and strategic recommendations to senior stakeholders.
- Drive a culture of innovation, accountability, and continuous learning
Responsibilities
- Lead end-to-end delivery of strategic automation and optimization initiatives.
- Own project governance, including status reporting, issue management, stakeholder communication, and risk tracking.
- Oversee development of analytical frameworks and reporting solutions supporting margin and capital optimization.
- Ensure quality, accuracy, and timeliness of all project deliverables.
- Develop management reporting and trend analysis to support business decision-making.
- Support regulatory, audit, and control-related initiatives.
Requirements
Education
- MBA (Finance, Business Analytics, Economics, Quantitative Finance, or related discipline) is required.
- Bachelor's degree in Engineering, Mathematics, Statistics, Finance, Economics, or a quantitative discipline preferred.
Certifications (Preferred)
- CFA, FRM, CQF, PMP, Agile/Scrum certifications.
- Certifications related to Data Analytics, Financial Markets, Risk Management, or Process Automation are preferred.
Experience Range
- 4-6 years of experience in Capital Markets, Middle Office, Risk Management, Quantitative Analytics, Trade Compression, Margin Optimization, or Process Transformation functions.
- Proven experience leading cross-functional projects involving business and technology stakeholders.
Foundational Skills
Business & Domain Expertise
- Strong understanding of capital markets products including Fixed Income Securities, Futures and Options, Swaps and Swaptions, CDS/CDO Products, FRAs, Caps/Floors and FX and Rates Products
Risk & Quantitative Skills
- Strong understanding of Initial Margin methodologies, UMR framework, SA-CCR, Market Risk concepts, Value-at-Risk (VaR) and Risk Sensitivities and Risk Attribution
Technical & Analytical Skills
- Strong technical skills including experience with Python, SQL, VBA, Advanced Excel, Data Analysis and Reporting Tools
Desired Skills :
Banking domain preferred
Work Timing - 12:30 - 9:30 pm
Location - Mumbai
