Job Description:

Bank of America is one of the worlds 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 all 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 non-bank subsidiary of Bank of America, part of Global Business Services in the bank

Process Overview

Quantitative Services The QS Risk validation team is responsible for assisting in the accurate computation & reporting of risk sensitivities for OTC derivatives which are used for risk calculations

Job responsibilities

Daily Risk validation and Analysis

Explain the daily primary and secondary risk sensitivities for OTC derivatives
Investigate discrepancies in the calculated number by performing independent trade valuation

Process Improvement

Identify issues and control gaps in existing infrastructure
Work with technology team to streamline our processes and enhance data integrity and control

Project Management

Responsible for the quality and timeliness of all project deliverables and well as the implementation of relevant project management practices (status reporting, issue tracking etc)
Day to day responsibility for managing the project with line, technology and other partners

Job requirements

Education Masters Degree in Finance, Economics or Financial Quantitative Analysis
Experience Range - Minimum 06 to 08 Years of relevant experience

Mandatory Skills

Knowledge or experience with trading products in capital markets Knowledge of Fixed Income Modeling Pricing derivative products like Futures, Options, Indexes, CDS, CDO, FRAs, SWAPs, SWAPTIONs, CAPs/FLOORs Knowledge of Financial Risk Management Credit Risk Model, Value at Risk Knowledge of Interest Rates, Credit spreads, bond pricing, etc
Strong knowledge of market & credit risk

Desired Skills

Strong technical skills including experience using MS Office, SQL, and Visual Basic, Python/C/C /R languages
Strong analytical skills

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : IT Software : Software Products & Services
Role : Software Engineer
Salary : As per Industry Standards
Deadline : 13th Apr 2020

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