Bank of America Recruitment Drive 2024

Bank of America Recruitment Drive 2024 :-

Bank of America is hiring candidates for the role of Analyst for the Mumbai, Chennai, Gurugram, Gandhinagar, and Hyderabad locations. The complete details about Bank of America Recruitment Drive 2024 are as follows.

Company Name:- Bank of America

Job Position:- Analyst

Job Locations:- Mumbai, Chennai, Gurugram, Gandhinagar, and Hyderabad

Salary Package:- As per Company Standards

Job ID:- JR-24036581

Employment Type: Full Time

Job Posting Date:- September 17th, 2024

Required Qualification & Skills:-

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

• 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 & Responsibilities:-

Some of the Departments & Teams Offered by Bank of America::

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.

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. We 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.

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.

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

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.

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. We 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.

Fraud Detection – Development of new and optimize existing fraud detection strategies using statistical, analytical and quantitative methods.  Goal will be to identify and mitigate new and emerging fraud threats.

Trade Operations team across all products including Letter of Credit, Collections, Open Account, Supply Chain Finance etc. He /She will be involved in day to day processing of transactions while ensuring adherence with Trade Guidelines (UCP 600, URR, URC etc) and Bank of America standards.

Credit Risk Group – The Commitments process involves effectively capturing the credit lines in the system as per the Credit Approval Memorandum raised by Credit Risk Group. It serves as a interlink between transaction processing group and credit services department. Team also performs daily/weekly/monthly exceptions reporting to upstream/downstream processes.

Asia Loan Servicing Team is responsible for the maintenance /administration of Syndicated & Bilateral Loans, Loan disbursement, Loans Fee processing, timely review & clearing of breaks assigned to loans responsible unit across 07 Asian Branches. Additionally, the team also performs reporting activities for Loans transactions

EIT Testing: Conduct independent process testing in support of identified needs, Testing includes activities such as manual, automated, surveillance and transaction level testing, Accountable for monitoring quality test execution, reversal/rebuttals, reporting and resolving issues escalated by LOB/testers, and monitoring the completion of all tests as scheduled

EIT Automation: Develop/build automated tests on the required platform while adhering to development standards

EIT UAT Testing: Conduct end-to-end testing on applications and technology to ensure that business, technical, functional requirements are being met throughout the SDLC, Executes test scripts based upon test strategy/plans in an effort to identify defects prior to production

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

Bank of America Recruitment Drive 2024 Application Process:-

Apply In Below Link

Apply Link:- Click Here To Apply (Apply before the link expires)

Note:– Only shortlisted candidates will receive the call letter for further rounds

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