Hello sir I am here as I want to know the Process Overview of the Global Middle Office of Manager post recruitment in Hyderabad of Bank of America so will you please provide me the details?

Hey!! Global Middle Office 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.


Process Overview

The QMO or Quantitative Middle Office Team is part of the Global Middle Office (GMO) Team.

The Risk validation team is responsible for assisting in the accurate computation & reporting of risk sensitivities for OTC derivatives which are used for risk calculations.


Eligibility Criteria for Manager post recruitment in Hyderabad of Bank of America

Requirements:-

-Excellent communication skills
-Strong technical skills including experience using MS Office, SQL, and Visual Basic; Experience handling large amount of data
-Strong analytical skills
-Knowledge or experience with trading products in capital markets: Knowledge of: Fixed Income Modeling. Pricing derivative products like Futures, Options, Indexes, CDS, CDO, FRAs, SWAPs, SWAPTIONs, CAPs/FLOORs. Knowledge of Financial Risk Management: Credit Risk Model, Value at Risk. Knowledge of Interest Rates, Credit spreads, bond pricing, etc.
-Strong knowledge of market & credit risk

Education :
Masters Degree in Finance, Economics or Financial Quantitative Analysis

Experience:
6-8 years of relevant experience

Shift: 11.30 am to 8.30pm

Posting Date: 29/07/2016

Location: Hyderabad – India

For more details here I am attaching an attachment