Campus Job Description - Ops
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.
Job Description
Market Ops
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.
The Collateral Operations Unit monitors daily margining for customers across various products (Rates,
Commodity, Structured Credit, Equity, Foreign Exchange, and Repo, Futures & Options). The
Counterparty’s net exposure is evaluated each morning in order to determine collateral requirement.
Margin Calls are made and received by Collateral Analyst and collateral exchanged. Team is also
responsible to perform Security Optimization, Journal processing, liquidity and regulatory reporting.
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.
Campus Job Description - Ops
Individual will be responsible for metric governance which require collection/validation of metric values,
followed by gathering RCA & G2G commentary on non-performing metrics. Individual will also be
working closely with India NTCO teams on driving the risk culture and identify/remediate gaps that are
identified during the process review/deep dive.
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.
Manage projects/ tasks/changes/deliveries involving service, operations, or administrative associates.
Prepare and manage documents like BRD (Business requirement Document), test cases, test script
related with owned projects. Manage stakeholder / UAT/ system environment in regions at Global level
Part of the job may also require focus on ensuring all process automation solutions are adhering to our
enterprise change and governance policies. Our Program is tasked with the execution of an emerging
technology portfolio which varies in capability from RPA, Natural Language Processing (NLP) and Optical
Character Recognition (OCR) tools to Machine Learning platforms.
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
The RDM Data Quality team will be responsible for identifying, investigate and remediate data quality
issues with respect to Client/Counterparty reference, static account, and product data. Individual will be
responsible for Analysis activity along with the remediation of data attributes associated with the
duplicates/data issues. The team would be responsible for adding and maintaining static data activities
for GDRO. This includes adding and updating client and account details, entity data reference
management and other static data amendment activities to support the Analysis type activity.
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.
The associates are expected to maintain good turnaround time and accuracy across all the set-ups, rates
and factor updates. Associates are expected to understand the security types and system capabilities to
ensure smooth trade flow from front office to back office systems.
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.
Campus Job Description - Ops
Global Financial Control India is the global delivery footprint of the bank’s Global Financial Control
function within the CFO group and is responsible for multiple functions including U.S. and Regional Legal
Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting &
Compliance, Operational Risk & Controls Oversight, Finance Change & Production Services and Data
Management.
The role involves reporting, analysis, accounting, data validation and liaising with various stakeholders
FEO
ARQ supports global businesses of the Bank with solutions requiring judgment application, sound
business understanding and analytical perspective. We support onshore teams in the areas of Financial
Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide
solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of
highly qualified associates operates from four locations i.e. Mumbai, Gurgaon, Hyderabad and GIFT.
Individual will be closely working with teams across Consumer and Small Business Card portfolios ,
Digital Analytics , Consumer Credit Strategies team providing qualitative and quantitative analytical
support to Consumer Credit Borrowing Strategies team on the state side.
The GRA (Global Risk Analytics) DSTRO MDE team is responsible for assessing AI solutions implemented
across the bank (built internally or externally) to identify any risks which may have unintended
consequences. The role involves assistance in model development and model documentation to
facilitate model validation by Model Risk Management (MRM), assistance in remediation of MRM’s RAIs
(Required Action Items), model governance through intra-cycle monitoring, representation in internal
and external audits, etc. Individual will be part of the Global Risk Analytics(GRA ), will work in one of the
sub functions which includes data quality Development, insights and model development, performing
data mining , economic data research, data effort in an evolving data environment. This position must
have strong technical skills, superb Business process analysis and interpersonal skills. The ability to
extract and analyze data, understand and business requirements and translate into design, Develop /
enhance the codes. Individual should be Passionate about finding insights from large data sets working
with diverse business groups. Able to work independently or in a team on complex projects.
GWIM Analytics and Reporting team, will be involved in designing, running and maintaining daily,
weekly and monthly dashboards and provide meaningful insights on current business trends. The
incumbent will be required to liaise with onshore partners across global locations on a regular basis to
understand the requirements, get fresh reporting requirement, and provide clarifications, among other
things.
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.
Quantitative Services (QS) team consists of several groups working for Global Markets. It is a sub-
specialty focusing on development and operation of processes with a high degree of quantitative
analysis, data management or technology development. The group covers several lines of business
across the globe. QS Team is further structured into sub-teams – Cross-Asset Solutions, Global Markets
Data Management, Strategic Data and Projects, Client Valuations Group and Quartz Operations Group.
Campus Job Description - Ops
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
IRM/CF Model risk management team covers all aspects of model validation for credit risk models,
capital models, loss forecasting models, treasury and balance sheet models, wholesale models, PPNR
models, operational risk models and all control function models including fraud models, AML models &
other compliance risk models, across financial products and markets.
Global Technology and Operations (GT&O) - Individual will interact with Model Developers, Model
Owners and Global Control Functions to prioritize and complete validation activities and to effectively
maintain and oversee the model risk governance processes. The candidate is also expected to provide
support to senior management during regulatory and audit exams and submission requirements.
Risk Model Risk Management team covers all aspects of model validation and model risk of market risk
models developed by Global Risk Analytics for one or more asset classes. The team covers market risk
models across asset classes of over-the-counter derivatives ranging from interest rates, FX, commodity,
inflation, equity, credit and mortgage. The models covered by team includes Value at Risk, Risk Not in
VaR, IRC/CRM, and CCAR models related to market risk models. Candidate will work closely with front
office and Global Risk Analytics model developers, as well as Finance/PVG and other risk management
groups.
Business Enablement team, MRM is responsible for the platform transformation initiative to strengthen
the integration of the model validation process into the model lifecycle and further enable model-driven
business. The team seeks a Quantitative Developer to build model validation platforms within strategic
business infrastructures. The platforms are aimed to enhance the model testing capability and
modernize the end-to-end process of model development, validation, and ongoing monitoring. The role
will work closely with the model validation team and bank-wide model development organizations to
deliver advanced solutions to streamline process, enhance efficiency, and reduce operational risk.
Enterprise Model Risk Management seeks a quantitative analyst in the Wholesale Model Risk team to
conduct independent testing and review of models used for wholesale loss forecasting, risk rating
scorecards, regulatory capital, and allowance including CECL and IFRS 9. These are high profile modeling
areas in the bank, with continual senior management and regulatory focus.
Campus Job Description - Ops
KYC - The purpose of the job is to report and analyze data around completeness and accuracy of the
“Know Your Customer” data and information that is collected on our clients and to ensure compliance
with Anti-Money Laundering policies and procedures. In addition, this job is to ensure that the
appropriate Risk related activities are preformed based on the analysis of that client data and in
accordance with AML policies. This information is critical in our efforts to comply with internal risk
avoidance efforts and external compliance requirements. The purpose of the job is to report and analyze
data around completeness and accuracy of the “Know Your Customer” data and information that is
collected on our clients and to ensure compliance with Anti-Money Laundering policies and procedures.
In addition, this job is to insure that the proper Risk related activities are preformed based on the
analysis of that client data and in accordance with AML policies. This information is critical in our efforts
to comply with internal risk avoidance efforts and external compliance requirements.
Global procurement - Individual would require to be a highly motivated procurement professional who
will be responsible for executing/processing Master Agreements, complex sub-agreements such as
Statement of Work, Addendum, Amendments, Schedule, Evaluation Agreements, Non-Disclosure
Agreements, Change Orders etc. end to end for respective Sourcing categories. Individual will perform
as a contributing member in Sourcing COE team in any of the subgroups and drive compliance to
Procurement standards and goals, reduce complexities, maintain quality standards and realize/highlight
opportunities to negotiate on contractual and commercial terms with incumbent and or new vendors.
Client Services - An associate working for the process would be expected to not only just look for the
company/industry information from the published reports, but also be able to analyze and understand
which data points and financial metrics are important for a particular industry. Hence, the profile
requires advanced research capabilities, database knowledge, finance and economics understanding as
well as analytical skills. The candidate should be able to convert factual information into a highly
analytical and incisive presentation. Support Syndication of Fixed Income Instruments which would
include providing financial as well as qualitative analysis for each proposed loan/bond offering and
providing regular market updates to the bankers. Provide expertise in ESG issues during transaction
execution across the full capital structure.
GCIB Coverage team is made up of focused industry / product groups or geography groups that support
onshore deal teams orchestrate capital raising and strategic advisory transactions.
Specifically, the team helps Global Investment Bankers of Bank of America Merrill Lynch in their business
origination and client coverage efforts through building of client pitchbooks and supporting business
analysis.
EIT
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
Campus Job Description - Ops
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
Requirements
Education: B Tech./ MBA/ PGDM / Maters in Economics / Quantitative Technique & Economics/
Mathematics/ Supply Chain/ Operations/ Statistics/ Data Sciences
Location: Students should be willing to work in any locations namely – Mumbai, Chennai, Gurugram,
Gandhinagar (GIFT), Hyderabad as per company requirement
Mandatory Eligibility requirements
ü Final year Graduates from the Class of 2025 ONLY
ü Must Have Specialization in Finance or as specified
ü Must have scored 60% in the last semester OR CGPA of 6 on a scale of 10 in the last semester
ü No Active Backlogs in any of the semesters
ü Students should be willing to join any of the roles/skills/segment as per company requirement
ü Students should be willing to work in any shifts / night shifts as per company requirement
Important: All above mentioned job descriptions are indicative and subject to change if needed. Students
will be evaluated by the company panelists against any of the roles suited as per the job requirements.
Job profile will be allocated at the sole discretion of the company.
