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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
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
Wholesale Risk Analytics (WRA) is seeking an eager candidate ready to delve into the world of transformative model implementation and technology infrastructure. The hired candidate will have the opportunity to explore software development and data infrastructure on the strategic GRA Core platform (GCP). The hired candidate will have the opportunity to collaborate with GRA and Technology teams, leverage software engineering and model development skills, and gain expertise on how meet business and regulatory requirements in a fast-paced environment. This role requires a strong technical acumen, encompassing data analysis, computer programming, organization, good verbal and written communication, and software design capabilities. You will be at the forefront of Python and PySpark software development, and interface with Hadoop, HIVE and Exadata for model data input and output integration.
Responsibilities
The role involves adhering to software standards and controls established by the model development team for model implementation, along with developing model execution code and operational functionalities that support models in production, including GRA Core Platform (GCP) workflows. In addition, the role will entail Python implementation of new and existing models, analytic processes, or system approaches. This role will also be instrumental in constructing a strategic model infrastructure using Python and PySpark, preparing code documentation, and collaborating with technology teams to deploy code in production. The role requires strong quantitative and computer programming skills (specifically in Python), and the capability of understanding and contributing to software design and GRA code control standards.
Requirements
Education:
B.E. / B. Tech/M.E. /M. Tech, A graduate degree in a quantitative or STEM discipline (e.g. Mathematics, Economics, Engineering, Finance, Physics)
Certifications, If Any: NA
Experience Range:
Foundational Skills:
Desired Skills
Work Timings
Job Location
Date Posted: 08/11/2024
Job ID: 99569563
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