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

Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview

Global Business Services delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets, Corporate Treasury and Corporate Investments businesses. There are seven GMO core functions that are critical in ensuring business process control: New Business Development, Trade Capture Substantiation, P&L Validation, Risk/Position Validation, Balance Sheet Substantiation, Event Monitoring, and Front-Back Process Oversight.

The QS or Quantitative Services Team is part of the GBS. The Data Science Group is involved in Development, testing and monitoring of Machine Learning Models.

Job Description

Associate would be involved in entire Machine Learning Development Lifecycle.

Responsibilities

• Collaborate with stake holders and identify opportunities for leveraging huge amount of unstructured financial data.
• Analyze and model structured data using statistical methods and implement algorithms and software needed to perform analyses
• Undertake preprocessing of structured/unstructured data and analyze information to discover trends/patterns.
• Present information using data visualization techniques.
• Coordinate with different teams to implement the models and monitor outcomes.
• Build machine learning models to automate processes and reduce operational overhead.
• Perform continuous model monitoring and model support.
• Build processes and tools for analyzing model performance and data accuracy.

Requirements

• Education : Degree in Applied Math, Statistics, Computer Science or any other quantitative field from premier institutes
• Certifications : NA

Foundational Skills :

• Strong technical skills including experience using Python/R and SQL or any object-oriented languages
• Familiarity with various machine learning algorithms and modelling techniques e.g. Regression (Linear and logit), Classification (SVM, Naïve Bayes,etc.)
• Banking domain is preferred but not required.
• Strong analytical/math skills (e.g. statistics, algebra)
• Familiarity with pandas, numpy, scikit-learn & scipy
• Basics of Visualization tools & techniques – eg. maptlotlib

Desired Skills :

• Problem-solving aptitude
• Excellent communication and presentation skills
• Total Experience not more than 5 years and 2 Years of relevant experience should be preferred

Work Timings: 12:00-9:00PM

Work Location: Hyderabad