Data Scientist I B - GBS IND Chennai, India;Madhapur, Hyderabad **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba\_continuum/job/Chennai-Tamil-Nadu/Data-Scientist-I-B---GBS-IND\_25040801-1) **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 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*** GRA Facilitates information advantage and a unified data science strategy across Bank of America by advancing data science and promoting transparency, coordination, and governance of AI applications to support multiple lines of business and control functions. **Job Description*** Individual as part of Global Risk Analytics (GRA) provides decision support services to enable our banking and markets, wealth management, capital management and credit risk business partners to manage risk well. To accomplish this, Team builds, develops and maintain models for risk and loss measurement. Additionally we produce and administer forecasts supporting allowance and stress-testing both domestically and internationally. GRA also provides advanced portfolio and ad hoc business intelligence, analytics and analysis to our business partners. GRA is made up of four main groups: • Forecast Administration and Analytics employees possess a broad set of skills necessary to evaluate financial risk, produce regulatory reporting and evaluate portfolio risk for emerging, systemic, concentration and idiosyncratic risks. They collaborate with business partners to identify risk mitigation strategies. They possess high levels of skill in portfolio analysis, econometrics, financial analysis and data visualization. • Forecast Operations team members utilize their skills in data wrangling, process engineering, database management and software development lifecycle project management to ensure that the processes to create forecasts is well controlled. These team members leverage skills in quantitative methods to conduct ongoing monitoring of model performance. They also possess capabilities in data science and data visualization techniques and tools. • Model Development team members possess the skills needed to translate the Bank’s risks into models. They are able to produce professional research, evaluate data, conceptualize mathematical frameworks, and build robust code that reflects those frameworks. They are also able to thoroughly document the models they have built and present those models, regardless of complexity, to a wide range of stakeholders. • Business Strategy and Governance team members support the WRA functions by providing expertise in operational risk, project portfolio management, and organizational development. These employees rely upon their ability to collaborate across the Enterprise, including with HR, PMO, Finance, Vendor Management and Compliance and Audit functions **Responsibilities** + Execution of Loss Forecasting models and related attributions & sensitivities for both the Commercial and Industry + Commercial Real Estate Wholesale portfolios on a Weekly, Monthly and Quarterly basis covering the following use cases: + Climate (Forecasting impacts on the wholesale portfolio as a result of Climate related events) + IFRS9 (International Financial Reporting Standard 9) + CECL (Current Expected Credit Losses) + CCAR (Comprehensive Capital Analysis And Review) + Support ad-hoc requests related to above mentioned use cases + Facilitate reporting and reporting workflow generation + Engage in process re-engineering to improve operational efficiency + Perform control and governance related functions to support compliance/regulatory deliverables + Proactively solve challenges with process design deficiencies, implementation and remediation efforts + Partner with the IT team to perform system related design assessments, user acceptance testing and implementation of updated models + Build and maintain strong partnerships with internal and external partners **Requirements*** **Education*** + BE / MCA **Certifications If Any** + Statistics, operations research, economics, finance, physics or mathematics **Experience Range*** + 5 to 7 Years **Foundational Skills** + Basic understanding of Credit Risk + Experience with SAS, SQL, R and other related software and hardware + Experience in data analysis, with strong research and analytical skills + Fundamental understanding of micro and macroeconomic concepts + Strong attention to detail and exercises quality control over own work. ​ **Desired Skills** + A successful candidate demonstrates learning abilities and following behaviors (not in priority order): + Is respectful of and curious about what he/she does not know + Thinks holistically with business and economic intuition + Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses + Executes, is over-prepared and under-whelmed + Integrates seamlessly across complex set of stakeholders, internal partners, external resources + Becomes aware and is flexible, adaptive, and proactive + Is compelling in verbal, non-verbal and writing and communicates with intention **Work Timings*** + 11:30 AM to 8:30 PM IST **Job Location*** + Chennai, Hyderabad 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. 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. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.