Senior Manager Gurugram, India **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 (GBS) 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*** As a member of this team, you will be accountable for handling Production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L Attribution required for VBT together with analysis of the returned results and remediation where required. This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages and P&L explains. As such, the visibility and exposure in this role is quite significant as VBT is done essentially across all regions and trading businesses. **Job Description*** (Provide a high level overview of the role and scope of responsibilities) As a member of this team, you will be accountable for handling Production and delivering change across the Value at Risk Back-Testing (VBT) Program. This team handles VBT controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L Attribution required for VBT together with analysis of the returned results and remediation where required. This will include liaising with with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analyzing VaR overages and P&L explains. As such, the visibility and exposure in this role is quite significant as VBT is done essentially across all regions and trading businesses. **Responsibilities*** As an Individual Contributor developing and re-engineering processes to bridge the Product Control, Finance and Risk disciplines, responsibilities will include the following: • Partnering closely with Finance, Risk and Technology to define business processes and implement related technology solutions • Act as a bridge between Market Risk and BFC to navigate backtesting issues. Partner with BFC to enhance VBT controls to enhance accuracy of submissions into VBT for Backtsting. • Liaise with Technology to oversee aspects of implementation include tactical solutions and strategic enhancements as additional requests are made by Risk and/or Regulators **Requirements*** **Education*** Chartered Accountant or post-graduate degree in business certifications. FRM/CFA (level 1 clear) are preferred. **Experience Range*** 8-12 years **Foundational skills*** o Demonstrate Global Markets product knowledge o Demonstrate experience in or around the product control environment o Experience in MO office/finance/operation re engineering initiatives o Ability to articulate full product life cycle and understanding front to back OTC trade life cycle and the use of OTC valuations by downstream consumers o Solid understanding of Greeks, knowledge of VaR a benefit o Experience in contemporary technology **Work Timings*** 11:00 AM to 8:00 PM **Job Location*** Gurgaon Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. 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