Scan your resume against ATS criteria for this Manager role at Ghr.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
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.
The Process establishes, maintains, drives consistent application of, and assesses the effectiveness of the Enterprise Value-at-Risk (VaR) Backtesting Finance Control Guidelines owned by the Global Markets (GM) / Global Banking (GB) Finance organization. Backtesting is a daily regulatory requirement to gauge the effectiveness of the VaR models by comparing the calculated VaR with reported Profit & Loss (P&L) results. Each business day’s attributed P&L, published by complementary GM Business Finance & Control (BFC) Execution Processes via a variety of Tech supported applications, is an input into the VaR Backtesting (VBT) Process owned by Global Risk Management (GRM) where it is compared to 1-day VaR from the VaR model. If attributed P&L (as either loss or gain) exceeds VaR , then the VaR is considered to have been ""breached"" and reported to regulators as an ""overage”. This Process is responsible for ensuring that attributed P&L submitted to GRM is complete and accurate for VBT, coordinates GM Finance due diligence when potential overages are identified, and delivers VBT results to the stakeholders. The Process updates, ratifies, publicizes, and assesses GM/GB Finance-wide application of the control principles established in its corresponding Guidelines, which is maintained in the Finance Documentation Framework Share Point, with annual compliance training deployed via myLearning. It both hands-off to and is triggered by a variety of BFC Execution Processes, which apply its principles & controls to individual line-of-business portfolios. Key stakeholders include, but are not limited to GM, GB and Treasury Business Finance managers, GM/GB Finance Senior Leadership, GRM, Enterprise Capital Management (ECM) and CFO Operational Risk & Control Oversight (ORCO)
As a member of this team, you will be accountable for handling production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages. As a centralized team the team is responsible for producing dashboards which serve as a control for BFC teams to take action on pending items. This individual will be responsible for production of dashboards
The team is also encouraged to take part in employee engagement and diversity and inclusion initiatives to help continue to make Bank of America a great place to work.
Qualified FRM/ /CFA / MBA from Tier I/II institute with relevant experience in Global Markets, Product Control or Market Risk environment.
Certifications If Any
6-8 years of experience in Global Markets Product Control
11:30 AM to 8:30 PM IST (EMEA Shift)
Hyderabad
How to apply for Manager at Ghr?
Click the "Apply on Company Website" button on this page to submit your application directly on the employer's official portal.
What is the salary for this role?
Salary details will be discussed during the interview.
What experience is required?
6+ years of experience is required.
Is this position still open?
Yes, currently active and accepting applications.
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