BA Continuum - Team Leader/AM/Manager/Senior Manager - Credit Valuation Adjustment

Overview :

Bank of America is one of the world's largest 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.

BA Continuum is a non bank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide.

We- re 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.

BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America

Global Markets Operations &Middle Office provides operations support to the Global Markets Business of BOAML. Key Business activities include back office and middle office operations related to securities, derivatives, futures, options, currencies (fx) and commodities. Key functions include Trade Processing & settlement, Inventory Management, Cash Management, Asset Services, Collateral Management, Reconciliation, Client & Product Data.

Job Description :

The QMO or Quantitative Middle Office Team is part of the Global Middle Office (GMO) Team. QMO supports The Credit Valuation Adjustment (CVA) desk and is responsible for assisting in the accurate computation & reporting of CVA which is an adjustment to the market value of an OTC derivative or FX contract that reflects the market's assessment of credit risk.

Responsibilities :

- CVA Daily P&L Explains and Risk Analysis

a) Review and validate daily inputs into CVA calculation

b) Daily CVA Risk Reports & PNL generation

c) Explain the daily P&L movement of CVA

- Develop Market Data Quality Reports generation

Process Improvement :

a) Identify issues and control gaps in existing CVA infrastructure

b) Work with technology team to streamline our processes and enhance data integrity and control

- Accountable for the success of small projects or sections of larger ones & responsible for the quality and timeliness of all project deliverables. Day to day responsibility for managing the project with line, technology and other partners.

- In depth product experience & knowledge of financial instruments accounting and transaction lifecycle

Requirements :

- Experience with or knowledge of trading products in capital markets (credit, rates, equities, commodities, or structured credit) preferred

- Knowledge of Fixed Income Modelling : 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.

- Excellent communication skills

- Strong technical skills including experience using MS Excel, Basic SQL and Experience handling large amount of data

- Strong analytical skills

Preferred :

- Visual Basic

- Strong knowledge of credit risk preferred

- Self Starter works on own initiative

- Result oriented project management skills

Competencies :

- Effective communication skills with English proficiency

- Demonstrated ability to work in a high pressure environment

- Takes initiative and challenges existing processes and procedures in a proactive manner

- Strong team player

- Ability to analyze issues independently and derive solutions

- Analytical skills

- Inherent sense of principles of control through experience and sound judgment

- Reliability

Education Qualification :

- Degree in Finance, Economics or experience in Financial Markets. Advanced Degree preferred

Experience: 4 -11 years industry related experience

Shift Timings : 12.30 pm to 9.30 pm IST

Weekly Offs : Saturday & Sunday