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*

Wholesale Risk Analytics (WRA) provides decision support services to enable our banking and markets, wealth management, capital management and credit risk business partners to manage risk well. To accomplish this, we build, develop and maintain models for risk and loss measurement. Additionally, we produce and administer forecasts supporting allowance and stress-testing both domestically (US) and internationally. Our teams complement each other and benefit from broad and diverse employment and experience within industries including government, academia, finance, law, consulting and the military. Through developing our people, embracing operational excellence to drive process improvements, and investing in strategic data initiatives, we provide enhanced risk management capabilities, insights and analysis to our business partners.

Job Description*

The Scorecard Ongoing Monitoring Report (OMR) team performs essential analytical monitoring of the bank’s commercial credit models by analyzing the models’ historical back testing performance, portfolio demographic shifts, stress testing, and other critical outcomes for ensuring sound model management. The team’s main functions can be categorized as data analytics/research and risk reporting/presentation, with a high degree of cross-team coordination around data management and modeling techniques.

Responsibilities*

• Develop machine learning models ( Logistic Regression, Linear Regression , Decision Trees and  Timeseries)
• Perform model development proof of concept, research model methodology, explore internal & external data sources, design model development data, and develop preliminary model
• Deliver model performance reports to Model Risk Management (MRM), regulators, senior business leaders, and other stakeholders regarding the health of the Bank’s internal commercial scorecard models
• Conduct extensive data research to investigate potential reporting anomalies or support new analytical capabilities
• Collaborate with peers in the development of new reporting and analytics as required by MRM or partner groups
• Identify and resolve process improvement opportunities across the team
• Liaise with technology groups on data infrastructure enhancements
• Develop knowledge capital and presentations to facilitate awareness of analytical processes

Requirements*

Education*

• B.E./B.Tech/M.E./M.Tech

Certification if Any: NA

Experience Range*

• 7 - 9 Years

Foundational Skills*

• Python (Primary)
• Machine Learning( Primary)
• SQL( Secondary)
• Excel
• LaTeX
• Advanced knowledge of Python programming in order to develop models and analyze large datasets efficiently
• Good understanding of machine learning concepts
• Strong communication and project management skills in order to collaborate with other groups such as Model Development, MRM, and Business/Technology teams on various data analytics efforts
• Intermediate SQl/SAS knowledge throughout the data lifecycle (e.g. data sourcing, aggregation, transformation, analysis, reporting) for assisting with the team’s code migration from SAS to Python
• Knowledge of good data management principles in order to further build out the team’s capabilities, including implementation of data quality checks, technology enhancements, and validation reports
• Familiarity with general regulatory reporting processes and timelines (e.g. requirement gathering and approval, data execution, report compilation, submission and review)
• Ability to dedicate significant overtime on a quarterly basis to ensure that ongoing monitoring reports and related deliverables are submitted within deadlines

Desired Skills*

• Prior work experience in financial services industry
• Experience with machine learning
• Strong independent self-driven professional
• Strong analytical and problem-solving skills

Work Timings*

• 11.30 AM to 8.30 PM IST (Need to flexible as per business need)

Job Location*

• Hyderabad & Chennai