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Job Description:
About Us
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
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.
Process Overview:
The team in India is an extension of Bank of America's Global Risk Organization. India team provides analytical and technological support to the Model Risk Management desk.
Job Description:
MRM Automation and Business Integration team
The Enterprise Model Risk Management (MRM) organization is responsible for providing oversight of model risk across Bank of America. MRM independently validates and challenges newly-developed and existing models is responsible for model risk assessments, limits and monitoring communicates issues identified through validations to relevant businesses and governance and control functions escalates model use breaches and remediation plans to relevant governance committees maintains a comprehensive inventory of models across all businesses and governance and control functions and manages an attestation process to ensure compliance with the Enterprise Model Risk Policy.
The MRM Automation and Business Integration team is responsible for model platform transformation and integration for Enterprise MRM and model development organizations, and delivering advanced automation solutions to streamline process, enhance efficiency and reduce operational risk. The team seeks Quantitative Developers to join high-impact MRM strategic initiatives and build integrated model development and validation platform, ongoing monitoring digitization and automation, and model documentation infrastructure. The role will work closely with the model validation team and bank-wide model development organizations to modernize the end-to-end process throughout model lifecycle.
Responsibilities:
Requirements:
Foundational skills:
Desired Skills:
Work Timings: 12 PM - 9 PM IST
Job Location: Mumbai / Gurugram
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Date Posted: 31/10/2024
Job ID: 98707745
The Bank of America Corporation (commonly referred to as Bank of America; often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the eighth-largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States.It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking