Bank of America Off-Campus Drive; Hiring Analyst – Apply Now

An associate working for the process would be expected to not only just look for the company/industry information from the published reports, but also be able to analyze and understand which data points and financial metrics are important for a particular industry. Hence, the profile requires advanced research capabilities, database knowledge, finance and economics understanding as they’ll as analytical skills. The candidate should be able to convert factual information into a highly analytical and incisive presentation. Support Syndication of Fixed Income Instruments which would include providing financial as they’ll as qualitative analysis for each proposed loan/bond offering and providing regular market updates to the bankers. Provide expertise in ESG issues during transaction execution across the full capital structure.

Name of the Organization: Bank of America

Requisition ID: JR-24036581

Positions: Analyst

Location: Students should be willing to work in any locations namely – Mumbai, Chennai, Gurugram, Gandhinagar (GIFT), Hyderabad as per company requirement

Salary: As per company Norms

Educational Qualifications:

• B Tech./ MBA/ PGDM / Maters in Economics / Quantitative Technique & Economics/ Mathematics/ Supply Chain/ Operations/ Statistics/ Data Sciences

Mandatory Requirements:

• Final year Graduates from the Class of 2025 ONLY
• Must Have Specialization in Finance or as specified
• Must have scored 60% in the last semester OR CGPA of 6 on a scale of 10 in the last semester
• No Active Backlogs in any of the semesters
• Students should be willing to join any of the roles/skills/segment  as per company requirement
• Students should be willing to work in any shifts / night shifts as per company requirement

Job Description:

Derivatives Collateral Operations manages the margining for the OTC, Repo Derivatives & Foreign Exchange businesses and Repo agreements. Collateral Management is a tool to control & reduce the bank's credit exposure risk on Derivative trades.

The Collateral Operations Unit monitors daily margining for customers across various products (Rates, Commodity, Structured Credit, Equity, Foreign Exchange, and Repo, Futures & Options). The Counterparty’s net exposure is evaluated each morning in order to determine collateral requirement. Margin Calls are made and received by Collateral Analyst and collateral exchanged. Team is also responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.

Global Markets Business Finance & Control (BF&C) seeks to provide a first-class support service with particular focus on the relationship between trading risk positions and P&L components. They are looking to recruit an individual to work in the P&L production area covering the Fixed Income/FX/Equity trading desks. The candidate’s main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, Finance and Trade Capture teams. Good communication and time management skills are essential to perform this role.

Individual will be responsible for metric governance which require collection/validation of metric values, followed by gathering RCA & G2G commentary on non-performing metrics. Individual will also be working closely with India NTCO teams on driving the risk culture and identify/remediate gaps that are identified during the process review/deep dive.

NFRR - Responsible for monitoring of adherence of Enterprise Data Management - Data USE standard for all NFRR reports. The function enforces controls on the NFRR Inventory metadata, monitor Production Health of the reports and track and report production health breaches and regulatory inquiries.

Manage projects/ tasks/changes/deliveries involving service, operations, or administrative associates. Prepare and manage documents like BRD (Business requirement Document), test cases, test script related with owned projects. Manage stakeholder / UAT/ system environment in regions at Global level

Part of the job may also require focus on ensuring all process automation solutions are adhering to our enterprise change and governance policies.  Our Program is tasked with the execution of an emerging technology portfolio which varies in capability from RPA, Natural Language Processing (NLP) and Optical Character Recognition (OCR) tools to Machine Learning platforms.

Structured Trade Review - Reconcile the trade bookings (in at-least one asset class) in the trade/risk booking systems with the documents (Confirmation, Pricing Supplement, Term Sheet) & ensure no discrepancies. Ensure trades are booked in appropriate valuation models (including MC Scripts) and the trade payoffs/ valuation parameters are correctly captured in the booking. Identify potential PnL breaks/ settlement breaks due to mis-booking, ensure the amendment of mis-booking & report MTM impact of amendments. Identify, Confirm & Report conservative valuation bookings (overhedges) & approximate bookings for trades

The RDM Data Quality team will be responsible for identifying, investigate and remediate data quality issues with respect to Client/Counterparty reference, static account, and product data. Individual will be responsible for Analysis activity along with the remediation of data attributes associated with the duplicates/data issues. The team would be responsible for adding and maintaining static data activities for GDRO. This includes adding and updating client and account details, entity data reference management and other static data amendment activities to support the Analysis type activity.

PDS/Security Master business provides associates a unique opportunity to learn and build hands on understanding of various asset classes ex; Fixed Income, Equities, Futures and Options traded globally. It provides the candidates a flavor of what attributes are required to build an instrument and ongoing amendments to facilitate various process across the bank to operate seamlessly. These instruments are required to be updated at various stages of the trade flow.

The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates and factor updates. Associates are expected to understand the security types and system capabilities to ensure smooth trade flow from front office to back office systems.

EMEA Securities Settlements team perform various functions like pre-matching, settlements, sufficiency, Depot Transfers and controls functions like margin, queue/break management, FOP and margin payments for few entities. They work on both equities and fixed income products. Maintaining client/broker relationship and keeping the market, credit, liquidity and operational risk to its minimum is key to the success. Teams interact with several different internal teams which are part of trade lifecycle and also with various counterparties externally to match/settle the trades.

Global Financial Control India is the global delivery footprint of the bank’s Global Financial Control function within the CFO group and is responsible for multiple functions including U.S. and Regional Legal Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting & Compliance, Operational Risk & Controls Oversight, Finance Change & Production Services and Data Management.

 

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