Stress Testing Consultant

Bank of America • Charlotte, NC

7d • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: The Stress Testing Consultant is responsible for building, consolidating and reporting stress testing results for EST management. 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 implications both internal and externally. Understands complex interactions between economic and operational factors and their resulting impact to product, business line and financial results & position of the company. Challenges assumptions and results and is comfortable communicating and influencing business partners based on these results. Can quickly build credibility with partners. Duties primarily include the regular use of discretion and independent judgment. Requires strong analytical, influencing and communication skills. Comfortable with a dynamic, fluid work environment with tight deadlines. Experience with risk management, finance and / or accounting preferred. The selected candidate will be a member of the Enterprise Scenario Planning and Execution (“ESPE”) Plan Production Team, which resides within the Company’s Global Strategic Planning area. The role will support regulatory deliverables for capital, recovery, and resolution planning for both domestic and international legal entities. The role requires partnerships with multiple Front-Line Units and Control Functions across the enterprise, and provides opportunities for direct interaction with, and reporting up to, senior executives. The selected candidate will learn about the Company’s capital, recovery, and resolution strategies, how they impact operations and conform with regulatory requirements.

Requirements

• Strong organizational, planning, communication (written and oral), and presentation skills with attention to detail
• Solid project management skills
• Self-starter with the ability to influence, build trusted relationships
• Deal constructively with conflict, problem solve / troubleshoot issues for themselves and others
• Adapt to a fast-paced environment involving multiple and simultaneous deliverables
• Ability to build and modify process design for ongoing process improvement
• Bank of America enterprise knowledge is important

Nice To Haves

• Previous knowledge and experience using Workiva’s Wdesk application
• Prior stress testing, recovery and resolution, and / or regulatory experience
• Ability to delegate tasks to teammates and “trust the team” to ensure timelines are achieved
• Ability to work well under pressure and adapt easily to a changing environment and expectations
• Skills: Controls Management
• Internal Audit Review
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Relations
• Benchmarking
• Data and Trend Analysis
• Interpret Relevant Laws, Rules, and Regulations
• Regulatory Compliance
• Risk Management
• Data Governance
• Data Modeling
• Financial Analysis
• Financial Forecasting and Modeling
• Policies, Procedures, and Guidelines

Responsibilities

• The role requires coordination across various enterprise-level teams for capital, recovery, and resolution planning for domestic and international legal entities to drive complete, accurate, and on-time regulatory submissions.
• This coordination requires communication of project status, deliverables, issues, and risks to multiple levels of leadership.
• Support ESPE team efforts to coordinate complex regulatory deliverables, including plan documents, data templates, meeting materials, and responses to regulatory requests
• Partner with Front Line Units and Control Functions to prepare content for regulatory submissions
• Support preparation of materials for senior management and governance committees
• Identify improvements for team processes and controls, including Operational Excellence

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees