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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 Enterprise Model Risk Management (MRM) team, which is part of the Global Risk Management Organization, is responsible to provide monitoring, assessment and testing which facilitates independent oversight and challenge to models used for valuations, risk management, stress testing, underwriting and many other strategic and day-to-day decision-making purposes in Front Line Units (FLUs) and Control Functions (CFs) in alignment with the Enterprise Model Risk Policy.
Job Description
This role is responsible for performing quality control analysis and reviews on Model Risk Management’s Governance, Process, and data quality requirements.
Responsibilities
Key responsibilities of the role include oversight of the end-to-end MRM Framework, spanning identifying that activities were performed in accordance with program requirements, reporting findings to senior management and working across teams to educate and train teammates on common errors and best practices.
Requirements
- Education B. E./ B. Tech/ M. E./ M. Tech/MBA degree from reputed institutes.
- Certifications if any : NA
- Experience Range 2 – 4 years
- Foundational skills
- Ability to own and manage workload while meeting strict time adherence goals
- Ability to work in dynamic environment with minimal supervision
- Proactive identification of improving testing effectiveness
- Effective comprehension and listening skills
- Strong time management skills
- Attention to detail and accuracy, and strong organizational skills are essential.
- Must have excellent verbal and written communication skills
- Must display positivity and adaptability to change
Desired Skills
- Candidates with good financial knowledge
- Work in high pressure environment and with attention to detail
- Expertise in MS Office products such as Excel, Access, VBA, SQL
Work Timings : 12:00 PM to 9:00 PM
Job Location Mumbai
