Data Scientist II - GBS IND

Hyderabad, Telangana
Permanent
Full-time

21 days ago

Job Description:About UsAt 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 ServicesGlobal 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 OverviewAs a part of Global Risk Analytics, Enterprise Risk Analytics (ERA ) is responsible for the development of cross-business holistic analytical models and tools. Team responsibilities include: • Financed Emissions responsible for supporting the calculation of asset level balance sheet Financed Emissions, which are integral to the Bank ’s goal of achieving Net-zero greenhouse gas emissions by 2050. • Financial Crimes Modelling & Analytics responsible for enterprise-wide financial crimes and compliance surveillance model development and ongoing monitoring across all lines of business globally. • Operational Risk responsible for operational risk loss forecasting and capital model development for CCAR/stress testing and regulatory capita l reporting/economic capital measurement purpose. • Business Transformations is a central team of Project Managers and Quantitative S/W engineers partnering with coverage area ERA teams with the end goal of onboarding ERA production processes on GCP/production platforms as well as identify risk/gaps in ERA processes which can be fixed with well-designed and controlled S/W solutions. • Trade Surveillance Analytics responsible for modelling and analytics supporting trade surveillance activities within risk. • Advanced Analytics responsible for driving research, development, and implementation of new enhanced risk metrics and provide quantitative support for loss forecasting and stress testing requirements, including process improvement and automationJob DescriptionThe role will be responsible for independently conducting quantitative analytics and modeling projectsResponsibilities

Perform model development proof of concept, research model methodology, explore internal & external data sources, design model development data, and develop preliminary model
Conduct complex data analytics on modeling data, identify, explain & address data quality issues, apply data exclusions, perform data transformation, and prepare data for model development
Analyze portfolio definition, define model boundary, analyze model segmentation, develop Financed Emissions models for different asset classes, analyze and benchmark model results
Work with Financed Emissions Data Team & Climate Risk Tech on the production process of model development & implementation data, including support data sourcing efforts, provide data requirements, perform data acceptance testing, etc.
Work with Financed Emissions Production & Reporting Team on model implementation, model production run analysis, result analysis & visualization
Work with ERA Model Implementation team & GCP Tech on model implementation, including opine on implementation design, provide implementation data model & requirements, perform model implementation result testing, etc.
Work with Model Risk Management (MRM) on model reviews and obtain model approvals
Work with GEG (Global Environmental Group) and FLU (Front Line Unit) on model requirements gathering & analysis, Climate Risk target setting, disclosure, analysis & reporting

RequirementsEducationB.E. / B. Tech/M.E. /M. TechCertifications If any: NAExperience Range: 9 to 13 yearsFoundational Skills*

Advanced knowledge of SQL and Python
Advanced Excel, VSCode, LaTex, Tableau skills
Experience in multiple data environment such as Oracle, Hadoop, and Teradata
Knowledge of data architecture concepts, data models, ETL processes
Knowledge of climate risk, financial concepts & products
Experience in extracting, and combining data across from multiple sources, and aggregate data for model development
Experience in conducting quantitative analysis, performing model driven analytics, and developing models
Experience in documenting business requirements for data, model, implementation, etc.

Desired Skills

Basics of Finance
Basics of Climate Risk

Work Timings11:30 AM to 8:30 PMJob LocationHyderabad, Chennai

Bank of America

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