Senior Operations Manager Bank of America

12.0 - 16.0 years

0 Lacs

haryana

On-site

About Us At Bank of America, you will be part of a company guided by a common purpose to help improve financial lives through the power of connections. Responsible Growth is the foundation of our operations, ensuring we deliver for our clients, teammates, communities, and shareholders consistently. Being a great place to work for our global teammates is crucial for driving Responsible Growth. We are committed to fostering a diverse and inclusive workplace, hiring individuals with varied backgrounds and investing in their well-being through competitive benefits that support their physical, emotional, and financial health. Flexibility and collaboration are key values at Bank of America. We provide a multi-faceted approach to flexibility based on the diverse roles within our organization. Working at Bank of America offers you a rewarding career with ample opportunities for learning, growth, and impact alongside the ability to make a meaningful difference. Join us! Global Business Services Global Business Services provides Technology and Operations capabilities to Bank of America's Lines of Business and Staff Support Functions through a globally integrated delivery model and resilient operations. Recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation, Global Business Services operates across five locations in India under BA Continuum India Private Limited (BACI), the non-banking subsidiary of Bank of America Corporation that oversees India operations. Process Overview The Analytics, Risk and Quant (ARQ) group supports global Bank businesses with analytical, quantitative, and risk management solutions. Operating from Mumbai, Gurugram, Hyderabad, Chennai, and GIFT, the Quants team within ARQ focuses on model development, governance, quantitative analysis, and designing platforms for various verticals of Bank of America. Job Description We are seeking a seasoned leader to manage the Global Financial Crime Modeling and Analytics (GFCMA) team within Global Risk Analytics (GRA). This role involves overseeing multiple sub-groups collaborating on model development and governance, including GFCMA, Global Markets risk, alternate modeling, data science models, economic data research, and model engineering. The ideal candidate should have hands-on experience in quantitative fields and managing highly qualified teams. Responsibilities The selected candidate will have the following responsibilities: - Conducting in-depth analysis of the Banks" risk model results using quantitative tools like back testing, benchmarking, and sensitivity analysis - Articulating the overall picture of model performance, including accuracy and areas needing remediation - Communicating model results to stakeholders such as risk management, model development, senior management, and regulators - Supporting model development by ensuring remediation of issues before implementation Requirements Education: - Bachelors/Masters or PhD in a quantitative field from top-tier institutes like IITs, NITs, Indian Statistical Institutes, etc. Certifications: FRM, CFA, CQF, etc. Experience Range: 12+ years Foundational skills: - Strong Quantitative and Leadership skills - Minimum of 5 years leading quantitative analysis or risk management teams - Advanced knowledge of statistical and machine learning methods, Python, SAS, SQL, and wholesale modeling - Experience in talent management, regulator interactions, and risk management - Excellent communication skills and attention to detail - Strong analytical and problem-solving skills - Inquisitive nature and ability to escalate issues Desired skills: - Proficiency in speaking, presentation, and influencing skills - Ability to produce high-quality technical documentation Work Timings 12.30pm to 9.30pm Job Location Chennai, Mumbai, Gurugram, Hyderabad,

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