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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. We do this by driving Responsible Expansion and producing for our client organisations, teammates, communities and shareholders every day.
Being a Great Place to Work and offering a culture of caring is core to how we drive Responsible Development. We are intentional about fostering an inclusive workplace where every teammate has the prospect to succeed, develop a career and contribute to our shared success. This includes attracting and creating 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 giving an appropriate level of flexibility based on position-specific responsibilities and business needs.
At Bank of America, you can establish a successful career with prospects 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 BSM IFAR team works with the broader Treasury and LOB Finance team to support LOB and Finance partners through analytics and reporting to communicate the story of the Company’s financial results to stakeholders. This team is accountable for coordinating, consolidating, analyzing, and reporting balance sheet forecast results under a range of scenarios among them baseline and stress. This position also plays a critical job in forecasting net interest income (NII), Treasury non-interest income, and to explain the driver of our forecasts such as change in the market yields, the LOB business strategy by line of business, legal entity, and product.
Job Description*
Balance Sheet and Management (BSM) is a division within the CFO group tasked with offering executive management with accurate and timely forecasts of the balance sheet and net interest income (NII). Another critical function is the measurement and analysis of Interest Rate Risk (IRR) using a range of methods. This information provides the framework that allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates.
BSM maintains close partnerships with different groups throughout the enterprise, delivering key input to critical processes and strategic decisions. These partnerships concentrate on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company’s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to secure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast and supporting liquidity calculations in coordination with Global Liquidity Management
This job is tasked with overseeing balance sheets, balancing risk and stabilizing returns. Core responsibilities include determining and executing on stakeholder business criteria, using discretionary assets, liabilities, and modern balance sheet instruments. Job expectations include pursuing operational excellence, recommending process improvements, decreasing operational risks, and delivering analytics such as, Net Interest Income (NII) and yields.
Responsibilities*
Needs*
Education*
Bachelor’s degree in finance, Business, Accounting, Quantitative, or Economics
Experience Range*
5 to 8 years
Foundational competencies*
Desired abilities
Work Timings*
12:30 PM to 9:30 PM
Job Location*
Mumbai
This Manager vacancy is based in Mumbai.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Manager at Bank of America.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Bank of America's application process for this role.