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Bank Of America Stress Testing Manager 
United States, North Carolina, Charlotte 
44722149

02.07.2024

Job Description:

offering competitive benefits to support their physical, emotional, and financial well-being.

flexibility, depending on the various roles in our organization.

Job Description:
Manages process and resources responsible for building, consolidating and reporting stress testing results to executive management. Challenges

partners. Performs complex analysis related to earnings, balance sheet, capital and liquidity as well as associated risk exposures. Provides analytical support for explaining business/forecast strategies in the context of baseline and stress forecasts Reviews and analyzes trends in stress results to best understand

position of the company and can effectively communicate these interactions and implications to senior leaders. Highly effective at developing, motivating and managing employees & organizations. Requires strong analytical, project

Skills:

  • Controls Management

  • Internal Audit Review

  • Issue Management

  • Monitoring, Surveillance, and Testing

  • Regulatory Relations

  • Benchmarking

  • Interpret Relevant Laws, Rules, and Regulations

  • Policies, Procedures, and Guidelines

  • Regulatory Compliance

  • Risk Management

  • Data Governance

  • Data Modeling

  • Data and Trend Analysis

  • Financial Analysis

  • Financial Forecasting and Modeling

Team Responsibilities:
• Effectively designing and communicating enterprise-wide scenario details to executive management, board committees, and forecasting business partners
• Partnering with economists and model owners during the development of macroeconomic variable projections and scenario narratives
• Coordination with the Company’s risk identification processes and various lines of business to assess the enterprise’s material risks for inclusion into the customization of stress scenarios
• Integrating requirements for capital adequacy planning as defined across key international legal entities
• Evaluating the inventory of stress methodologies employed and monitoring the stress testing usage of the suite of macroeconomic variable projections, facilitating sensitivity analysis and understanding of their downstream impacts to the balance sheet and income statement
• Identification of areas of improvement in the scenario design process and implementation of solutionsPosition Description:

A key requirement of the role will be to develop executive-level presentations, execute on ad-hoc priorities, and coordinate initiatives across ESPE. The position requires continuous interaction within the Lines of Business, Risk Management, and Finance to address inquiries related to methodology and risk coverage, scenario design, and stress variable projections. The candidate will also support the execution of on-going scenario generation and scenario customization enhancement initiatives to further build-out related functions within Bank of America’s Comprehensive Capital Analysis and Review (CCAR) processes and capital adequacy assessment processes for international entities.

Required Skills:
• Bachelor’s degree
• 7+ years of work experience in banking, finance or economic research
• Strong organization and planning ability with meticulous attention to detail
• Independent thinker who is proactive and takes initiative to overcome obstacles
• Strong executive presence and ability to work with senior leaders in a matrixed environment
• Ability to synthesize complex data from multiple sources into effective executive-level presentations
• Excellent interpersonal and written communication skills
• Collaborative, team player with the ability to connect across groups
• Ability to effectively work under pressure and successfully manage multiple projects in a fast-paced environment
• Strong PowerPoint skills
Desired Skills:
• Prior corporate finance, stress testing or economic forecasting/research experience
• MBA/CFA a plus

1st shift (United States of America)