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Senior Manager – Balance Sheet & Interest Rate Risk (Mumbai). Drive forecasting, risk analysis & cross‑functional reporting for Bank of America’s global treasury.
Lead NII, balance sheet forecasts, stress tests, and process improvements with analytics tools like SQL, VBA, Tableau, and AI. Manage to 4x annual model reviews.
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 Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing 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 providing an appropriate level of flexibility based on role‑specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities 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 Balance Sheet Management (BSM) team is part of the Chief Financial Officer organization and performs analysis and finance support for Corporate Treasury positions. This includes providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and non‑interest income across actuals and forecast. The team provides support for the corporation’s ALM portfolio which includes Debt Securities and various derivatives used to manage the company’s interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non‑qualified deferred compensation.
Job Description
Balance Sheet and Management (BSM) is a division within the CFO group responsible for providing 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 various 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 various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus 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 ensure 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
The BSM LOB Forecasting team works with the broader Treasury and LOB teams 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 responsible for coordinating, consolidating, analyzing, and reporting LOB forecast results under various scenarios including baseline and stress. This role also plays a critical role 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.
Responsibilities
- • NII and Balance sheet forecasting - daily/ strategic and Stress testing forecasting support
- Provide forecast analysis and summarize results as it pert...
- • Assist with execution of additional routines including report building, testing and implementation of new reporting requirements.
- • Partner with teams across the globe to deliver efficient, well controlled, and timely reporting to satisfy internal and external stakeholders and associated business requirements.
- • Be a strong communicator when presenting results, and escalating issues.
- • Continuous improvement of existing processes and workflows, identifying where emerging technology can help reduce process time and increase controls.
- • Prepare model documentation on the required timelines, up to 4x per year. This includes Ongoing monitoring reports and Ongoing monitoring plans and assisting with model review documentation
Education
CA/MBA/CFA/Engineer
Certifications If Any - NA
Experience Range
8 to 12 years
Foundational skills
- • Strong understanding of the balance sheet and income statement, preferably in a banking setting
- • Experience and exposure to banking products (Loans, Deposits) and Global Markets
- • Knowledge of basic interest rate risk principles
- • Techno functional professional with a strong understanding of Market products, ability to challenge status quo
- • Engineer + Masters in finance and data science with Massive data handling and data analytics experience.
- • Proven track record of clear and concise verbal and written communication, comfortable escaping issues to management
- • Intellectual curiosity, regularly asking questions to enable rapid learning of a complex topic.
- • Self‑starter with ability to be proactive and well organized.
- • Flexibility in joining meetings during EMEA and APAC time zone hours.
- • Advanced Excel (large datasets, pivots, data manipulation, reconciliations)
- • Strong attention to detail
- • Prior experience working in accounting or financial services
- • Analytical abilities/financial acumen/problem solving skills
- • Strong control mindset including ability to identify risks and build and maintain associated controls
- • Ability to manage multiple priorities in a time‑sensitive environment
Desired skills
- • Prior experience with SAP eLedger (EPM, BEx)
- • Natural desire to understand intricate processes while seeing the big picture
- • Good business partnering skills
- • Experience improving and automating manual processes
- • Engineer + Masters in finance and data science with Massive data handling and data analytics experience
- • CFA (or pursuing CFA), or CPA a plus
- • Practical experience with generative AI tools (e.g., Microsoft 365 Copilot), including the ability to frame effective prompts and apply AI outputs for accurate, relevant, and reusable business deliverables
- • Strong analytical judgment and risk awareness, with experience using AI for data analysis and executive ready insights (e.g., variance, trends), while ensuring appropriate controls, validation, and human review of automated outputs
Work Timings
12:30 PM to 9:30 PM
Job Location
Mumbai