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

The CPM X-Valuation Adjustment (XVA) process refers to the calculation of various adjustments applied to the fair value of the Over The Counter (OTC) and CCP derivatives. These adjustments account for factors such as counterpart credit risk(CVA), Funding costs (FVA), Capital costs (KVA) and Margin requirements (MVA). The XVA process helps bank estimate the true economic value and risk of their derivative portfolios. It is an essential part of pricing, risk management and regulatory reporting.

Job Description

End to end process flows and control documentation to ensure clarity and audit readiness. Application support documentation and user guides, which are either outdated or missing, causing the team to rely heavily on individual knowledge rather than shared, accessible documentation. Operational efficiency and errors stemming from lack of clear documentation. This role is essential to ensure regulatory compliance, improve knowledge management and reduce risk.

Responsibilities

Create and maintain high-quality documentation such as process flow and controls, data quality and monitoring, upstream and downstream systems, applications support and user guides, compliance and audit requirements.Analyze and interpret current CPM processes documentation to build a deep understanding of existing workflows and dependencies.Identify gaps, inconsistencies or inefficient in current documentation and do the improvements.Engage with technology team to gather insights and clarify requirements.Review and assess changes requests and create/update the document.Requirement gathering, requirement documentation, stakeholder communication, collaboration with technology team, change management, solution delivery support.

Requirements

Education- Bachelors or Master degree in Business administration/Information Technology/Computer Science/Engineering/Finance/ or a related field

Certifications if any-  NA

Experience Range- 8-12 Years ( 5+ Years of Business analyst experience )

Foundational skills:

Experiences as Business Analyst.Experiences in producing high-quality documentation for processes, systems.Strong MS Word,  Excel and Power Point knowledge is mandatory.Hands on creating BRD, FRD and other various requirement document.Excellent written & verbal communication skills.Experiences in working in Capital market is an additional advantage.

Desired skills :- Banking domain experience is preferred

Work Timings- 11 AM to 8 PM

Job Location- Mumbai / Hyderabad