Balance Sheet and Interest Rate Risk Manager (Mumbai)

Manager : 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 BSM IFAR team works with the broader Treasury and LOB Finance team to support LOB and Finance partners through analytics and reporting to communicate the story of the Companys financial results to stakeholders. This team is responsible for coordinating, consolidating, analyzing, and reporting balance sheet forecast results under various scenarios including baseline and stress. This role also plays a critical role in forecasting net interest income (NII), Treasury non-interest income, and 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.

* 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 companys 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 This job is responsible for managing balance sheets, balancing risk and stabilizing returns.

Key responsibilities include determining and executing on stakeholder business requirements, leveraging discretionary assets, liabilities, and modern balance sheet instruments. Job expectations include pursuing operational excellence, recommending process improvements, decreasing operational risks, and providing analytics such as, Net Interest Income (NII) and yields. Responsibilities* Provide forecast analysis and summarize results as it pertains to net interest income and balance sheet.

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 solid communicator when .