Quantitative Finance Manager - Stress Testing Design
About The Position
At Bank of America, the Global Markets Risk Management organization provides independent market risk oversight of the Firm’s trading activities. The Global Market Risk Stress Testing team manages critical enterprise processes and analysis supporting the global markets business and senior risk management. The role supports market risk stress testing, including regulatory-mandated activities and formal and ad-hoc scenario analysis. The candidate will assess emerging portfolio risks, help ensure the Firm meets regulatory expectations, engage extensively with risk functions and other Firm partners, and participate in regulatory exams as a subject matter expert on key aspects of market risk stress testing. This is an individual-contributor role with no formal management responsibilities. The position supports the design of the instantaneous Global Market Shock Scenario (GMS), including internally designed scenarios for regulatory submissions and management requests. Work includes providing economic expertise, researching and analyzing complex data, assessing how Company risks may manifest in scenarios, communicating scenario requirements to downstream users, facilitating review and challenge of scenario shocks and narratives, and preparing materials for committees. The role serves as a key liaison to risk partners and forecasting teams across GMIR, develops executive-level presentations, responds to ad-hoc priorities, and coordinates initiatives across GMIR.
Requirements
- Master’s degree in a related field or equivalent work experience is the minimum education requirement.
- Bachelor’s degree in Economics or Finance; a Master’s degree is preferred.
- At least 7 years of work experience in banking, finance, or economic research.
- Deep understanding of financial markets and macro-financial linkages.
- Strong organization and planning skills with meticulous attention to detail.
- Independent, proactive thinker who takes initiative to overcome obstacles.
- Ability to communicate complex economic and financial concepts to audiences with a broad range of technical sophistication.
- Strong executive presence and ability to work with senior leaders in a matrixed environment.
- Excellent interpersonal and written communication skills.
- Collaborative team player able to connect across groups.
- Ability to work under pressure and manage multiple projects in a fast-paced environment.
- Strong PowerPoint and Excel skills.
Nice To Haves
- Prior stress testing or scenario design experience.
- Knowledge of data sources and ability to research recent and historical developments.
- Prior experience leading a team and/or large projects.
Responsibilities
- Manage the end-to-end scenario design process by indirectly leading the design team.
- Design and communicate enterprise-wide and GMIR-requested scenarios to executive management and business partners.
- Partner with Risk Managers, Counterparty Risk Partners, ESPE, and other forecast teams to develop market shocks and scenario narratives.
- Use the Company’s risk identification processes and inventory, as well as GMIR points-of-weakness documents, to design customized internal scenarios.
- Integrate requirements for capital adequacy planning, stress testing, and risk appetite monitoring across key international legal entities.
- Learn and evaluate stress methodologies using market shock projections, facilitate sensitivity analysis, and understand downstream impacts to losses.
- Identify improvements to the scenario design process and implement solutions.
- Drive Scenario Generation governance requirements, including policy and procedure updates, quarterly control evidence, and other requirements throughout the year.
- Support instantaneous Global Market Shock Scenario design and develop internally designed scenarios, including regulatory submission and management-requested scenarios.
- Conduct research and analyze complex data to support future scenario work and assess Company risks and how they may manifest in scenarios.
- Communicate scenario requirements to downstream users and facilitate review and challenge of scenario shocks and narratives.
- Create presentation materials for committees and develop executive-level presentations.
- Act as a liaison with risk partners and forecasting teams across GMIR, execute ad-hoc priorities, and coordinate initiatives across GMIR.
- Participate in regulatory exams related to stress testing.
Benefits
- Affordable, competitive, and flexible benefits supporting teammates’ physical, emotional, and financial wellness.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
