Rachit Agarwal

Rachit Agarwal Email and Phone Number

Vice President at Bank of America @ Bank of America
Rachit Agarwal's Location
Charlotte, North Carolina, United States, United States
Rachit Agarwal's Contact Details

Rachit Agarwal work email

Rachit Agarwal personal email

About Rachit Agarwal

Self-motivated Information Technology leader with 11 years of experience in International Capital Markets. Known for taking initiatives and delivering out of the box innovative solutions to simplify the existing processes to gain efficiency and improving the quality of results. Adept at meeting challenges and deadlines, yet flexible to multitask when necessary.

Rachit Agarwal's Current Company Details
Bank of America

Bank Of America

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Vice President at Bank of America
Rachit Agarwal Work Experience Details
  • Bank Of America
    Vice President - Product Lead (Global Markets Fin Coo Initiatives)
    Bank Of America Sep 2024 - Present
    Charlotte, Nc, Us
    1) Driving Regulatory. Industry and Policy changes:2) Planning and executing tactical and strategic enhancements for sustainable future:3) Leading business analysis process for financial reporting and disclosures:4) Establishing infrastructure for new products. systemic risk mitigation and ensure uniform compliance to standards:5) Performing Month End Quarter End close and approving ledger journal entries:6) Engaging with regulators and responding to queries received and coordinating Regulatory exams horizontal reviews:7) Relationship Management with Finance. Tech and Market Risk partners:8) Overseeing the maintenance, design, and delivery of GM data & MIS processes:9) Identifying ways to increase efficiency and improve data quality and accuracy:10) Developing. Planning and executing training knowledge sharing sessions:11) Screening and Selecting Talent. Assigning Goals and providing performance feedbacks.
  • Bank Of America
    Vice President - Sr. Product Associate
    Bank Of America Aug 2022 - Sep 2024
    Charlotte, Nc, Us
    Ensure Regulatory Compliance for Bank of America and it's affiliates across all Asset classes and Regions.
  • Bank Of America
    Senior Manager
    Bank Of America Oct 2021 - Jul 2022
    Charlotte, Nc, Us
  • Bank Of America
    Manager
    Bank Of America Oct 2019 - Sep 2021
    Charlotte, Nc, Us
    • Functional Lead for Value at Risk Back-Testing/ Volcker Controls Team at GBS India. Leading Team of 6 people.• Ensuring Correct Regulatory reporting to PRA, OCC and FED.• Responsible for Volcker Month End Reporting.• Handling Value at Risk Back-Testing (VBT) controls and reporting at a granular level across the entire Global Markets/ Global Banking Business across Bank of America and ensure flawless and timely delivery of P&L attribution, required for backtesting together with analysis of the returned results and remediation where required. • Analyzing and Reporting VaR Breaches and P&L explains for all Global Trading Businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) • Collaborating closely with, Middle Office, Finance, Risk and Technology to define business processes and implement related technology solutions.• Optimizing current processes and controls by leading development of Python and VBA based tools.• Winner of 7 Global Recognition Gold Awards and 3 Platinum Awards.
  • Bank Of America
    Assistant Manager
    Bank Of America Jan 2018 - Sep 2019
    Charlotte, Nc, Us
    Value At Risk Backtesting, VBT/ Volcker Central Controls Projects, Leading VaR Back-testing Team, driven by automation, advance analytics and unique solutions.
  • Bank Of America
    Team Leader (Market Risk Analytics)
    Bank Of America Jan 2016 - Dec 2017
    Charlotte, Nc, Us
    Value at Risk Back-Testing Middle Office - Quantitative Middle Office Bank of America.• Handling Value at Risk Back-Testing (VBT) controls and reporting at a granular level across the entire Global Markets Business across Bank of America and ensures flawless and timely delivery of P&L attribution, required for VBT together with analysis of the returned results and remediation where required. • Liaising with book-runners globally across all trading businesses (Equities, Credit, Fixed Income, FX, Commodities, etc.) and analysing VaR overages and P&L explains.• Partnering closely with, Middle Office, Finance, Risk and Technology to define business processes and implement related technology solutions.• Helping deliver, design, maintain and enhance VBT data & MIS processes that impact multiple product control businesses across all regions.
  • Futures First
    Fixed Income Trader
    Futures First Jul 2013 - Dec 2015
    Gurgaon, Haryana, In
    • Electronic Pairs Trading of Interest Rate DI Futures and Real-Dollar Futures at Brazilian Stock and Derivative Exchange (BMF&BOVESPA)• Manage portfolio comprising of Futures contracts in German Govt. Bonds (bunds), UK Govt. Bond (Gilts), French OATS, Italian BTP & US 10 Yr T-Notes in ICE LIFFE, CBOT and EUREX.• Analyze macro and micro fundamentals of global markets like Euro zone, UK, USA, Brazil, etc using tools like Bloomberg, Thomson Reuters Eikon.• Develop & execute technical trading strategies based on candlestick charts, price patterns and technical indicators like Stochastic, RSI, MACD, Time Series Analysis, Etc.• Implement risk and money management strategies for optimizing best Risk/Reward ratio for managing trading account using MS EXCEL.• Analysis of the economic data releases and bond auctions that contribute to movements in underlying interest rates of the world and taking advantage of the arbitrage opportunities just after the data release.• Analysis of the various bond yields spreads in order to derive correlation amongst different markets and Event Driven Investing, Fixed Income Arbitrages like Yield Spread Arbitrage, Swap Spread Arbitrage, etc.
  • Dolat Capital Market Private Ltd.
    Research Analyst (Intern)
    Dolat Capital Market Private Ltd. Jan 2013 - Jun 2013
    Mumbai, Maharashtra, In
    • Optimization of “Trading Monitor Client” (Dolat Capital’s proprietary Trading Engine, a VC++ based GUI) Developed the low latency Front End system for High Frequency Algorithmic trading on C/C++ using RTI communication, for Indian exchanges BSE, NSE, MCX, etc. for display of live exchange feed and Order Engine which places order to the exchange through the Order Management System (OMS) Data handling, concurrency and low latency were key features.• Analysis and Development of Real Time Low Latency IPC Queues. Tested various then available industry queues like QT Queue, TBB Queue, Boost Queue, etc. for Push and Pop Operations.• Developed a Feeder System for Data Coming from Montreal Exchange (TMX). The feeder was required to analyze the data coming from TMX and publish them to be used by other applications. This was done using the RTI library. • Interviewed various candidates for openings in my team.• Awarded Pre-placement offer (PPO) based on performance during training. • Participating in Online Programing Contests like HackerRank, TopCoder, Spoj, etc
  • Fveda.Com
    Graphics Design Associate (Intern)
    Fveda.Com Dec 2011 - Jan 2012
    Entitled to bring out a fresh look in website design, logos, brochures and templates.

Rachit Agarwal Skills

Fixed Income Yield Spread Arbitrage C++ Linux Risk Management Swap Spread Arbitrage Algorithms Pairs Trading Bloomberg Terminal Government Bonds Thomsonreuterseikon Capital Markets Technical Analysis Trading Strategies Derivatives C Java Mysql Data Structures Html Team Leadership Program Management Adobe Creative Suite Programming Oracle Unix Software Development Di Futures Javascript Trading Financial Markets Value At Risk

Rachit Agarwal Education Details

  • Indian Institute Of Information Technology Allahabad
    Indian Institute Of Information Technology Allahabad
    Information Technology
  • Delhi Public School, Agra
    Delhi Public School, Agra
    English
  • Delhi Public School, Agra
    Delhi Public School, Agra
    Social Science

Frequently Asked Questions about Rachit Agarwal

What company does Rachit Agarwal work for?

Rachit Agarwal works for Bank Of America

What is Rachit Agarwal's role at the current company?

Rachit Agarwal's current role is Vice President at Bank of America.

What is Rachit Agarwal's email address?

Rachit Agarwal's email address is ra****@****ail.com

What schools did Rachit Agarwal attend?

Rachit Agarwal attended Indian Institute Of Information Technology Allahabad, Delhi Public School, Agra, Delhi Public School, Agra.

What are some of Rachit Agarwal's interests?

Rachit Agarwal has interest in Technology, Politics, Education, Puzzle Solving, Photography, Science And Technology, Playing Football And Cricket, Playing With Images, Following Politics, Reading Newspapers.

What skills is Rachit Agarwal known for?

Rachit Agarwal has skills like Fixed Income, Yield Spread Arbitrage, C++, Linux, Risk Management, Swap Spread Arbitrage, Algorithms, Pairs Trading, Bloomberg Terminal, Government Bonds, Thomsonreuterseikon, Capital Markets.

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