Introduction
Bank of America is not just another workplace; it’s a purpose-driven organization committed to making financial lives better through meaningful connections and Responsible Growth. With a steadfast commitment to diversity, inclusion, and a supportive work environment, Bank of America ensures its employees thrive while delivering excellence to clients and communities worldwide. If you are a motivated individual eager to make an impact, the Associate role in Global Business Services could be the perfect fit for you.
About Bank of America and Global Business Services
Bank of America’s Global Business Services (GBS) division plays a critical role in the organization, delivering cutting-edge technology and operational solutions. Recognized for its innovation, operational excellence, and risk management capabilities, GBS supports a variety of lines of business and staff functions.
In India, Bank of America operates under BA Continuum India Private Limited (BACI), extending support through its five locations. The Global Risk Organization is an integral part of the GBS framework, with the Model Risk Management (MRM) Automation and Business Integration Team at its core.
Role Overview: Associate in Model Risk Management
The Associate role is positioned within the MRM Automation and Business Integration Team, a part of the Enterprise Model Risk Management organization. This team oversees the risk associated with models used across the bank, ensuring they are robust, compliant, and operationally efficient.
As an Associate, you will contribute to enhancing modeling platforms, automating processes, and integrating innovative solutions that elevate the end-to-end model lifecycle. The work involves direct collaboration with model developers and validators, offering you a unique opportunity to drive impactful changes within the organization.
Key Responsibilities
As an Associate in the MRM Automation and Business Integration Team, you will:
- Collaborate with model developers and validators to design advanced modeling platforms.
- Build integrated model development and validation platforms with automated testing capabilities.
- Develop digitized workflows for ongoing monitoring, creating dashboards and databases for seamless reviews.
- Establish modern documentation infrastructure for typesetting, inventory management, and change tracking.
- Ensure systematic data flow between various systems and components.
- Explore and implement innovations in risk management using the latest technologies.
Why This Role Is Exciting
This role offers a unique opportunity to work at the intersection of technology, analytics, and risk management. You will be at the forefront of transforming Bank of America’s model lifecycle processes, contributing to the overall efficiency and risk mitigation strategies of a global financial leader.
Required Qualifications
Educational Background:
- A degree in quantitative fields such as Computer Science, Engineering, Physics, Mathematics, Operations Research, Quantitative Finance, or Data Science from top-tier institutions (e.g., IITs, NITs, or Indian Statistical Institutes).
Technical Expertise:
- Strong proficiency in Python programming and object-oriented programming principles.
- Experience in relational databases (SQL) and NoSQL databases (MongoDB).
- Knowledge of building RESTful APIs using Python frameworks (e.g., FastAPI).
- Familiarity with agile tools like JIRA, Git/Bitbucket, and Jenkins.
Business Acumen:
- Understanding of Model Risk Management processes and experience in business process improvement.
- Ability to deliver concise, production-quality code and develop well-structured libraries.
Soft Skills:
- Self-motivated with the ability to work independently.
- Excellent problem-solving and creative thinking abilities.
Preferred Skills
- Experience with Software Development Life Cycle (SDLC) and CI/CD tools.
- UI development skills using frameworks like Angular.
- Proficiency in LaTeX for documentation.
- Knowledge of GraphQL for API development.
Work Environment and Benefits
This full-time role operates in a hybrid model, with opportunities to work from Bank of America’s offices in Gurugram or Mumbai. Work hours are from 12 PM to 9 PM IST, offering flexibility to balance professional and personal commitments.
Bank of America values the well-being of its employees and offers competitive benefits covering physical, emotional, and financial aspects of life. By joining the organization, you gain access to a network that fosters learning, growth, and impactful work.
Commitment to Diversity and Inclusion
Bank of America is committed to creating a diverse and inclusive workplace. It encourages applications from individuals of all backgrounds, ensuring equal access to opportunities regardless of gender, ethnicity, disability, or any other characteristic. The organization actively supports employees with disabilities by providing reasonable accommodations during the application process and employment.
Locations:
- Gurugram Office: DLF Cyber Park, Sector 20, Gurugram.
- Mumbai Office: Mindspace, Link Road Malad (West), Mumbai.
Be Part of a Transformative Mission
Joining Bank of America means stepping into a role that is both impactful and rewarding. As an Associate, you will play a pivotal role in advancing the bank’s risk management strategies, leveraging your technical expertise and innovative mindset to drive meaningful change.
Apply today and be part of a team that is redefining the future of financial services!
Apply Link : Click Here