9 hours

GBAM Stress Testing Sr Quantitative Fin Analyst

Bank of America
Charlotte, NC
  • Job Code
Company Bank of America

Job Title GBAM Stress Testing Sr Quantitative Fin Analyst

Jobid bankofamerica-17067112CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

Become a member of the Global Banking and Markets Stress Testing team (GBAM ST), responsible for stress loss forecasting for Global Banking and Markets positions for submission to the FED, OCC and Senior Management. GBAM ST works with the Front Office, Finance, and Risk leaders throughout GBAM to analyze and review the results.

The role will be a Forecast Analyst for the Available for Sale (AFS) and Fair Value Option (FVO) portfolio as well as participate in various tasks for Global Banking and Markets Stress Testing team such as Quality Assurance testing and business reviews. The team works with the Front Office, Finance, and Risk leaders to determine the best models, approaches, and variables to forecast what the P/L change would be given various economic scenarios. The individual is the central coordinator for the many moving parts of CCAR (Comprehensive Capital Analysis and Review) stress loss forecasting, and the role’s remit includes:

+ Coordinate data collection and completeness

+ Ensure data accuracy

+ Verify all requirements regarding quarterly cycles are followed per Enterprise Stress Testing (EST) guidelines

+ Analyze and attest to results and reasonableness

+ Decide what sensitivities should be run on portfolios

+ Providing reporting to senior management on how to interpret the results

+ Working with model developers to build models where spreadsheets may currently be used

+ Provide reporting and answer questions for EST and regulators

+ Ensure that existing documentation remains up to date and new documentation is created per requirements

+ Plan, coordinate and implement medium-term and longer-term enhancements to forecast process and methodologies, including centralization of data sourcing and projections as well as introduction of new pricing models

CCAR is the Federal Reserve’s annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC’s equivalent DFAST requirement.

This is a unique opportunity to join a GBAM wide function, gain exposure to GBAM businesses (Emerging Markets, Distressed Credit, Commercial Real Estate, Residential Mortgages, Municipals, Corporate Credit, etc.) and financial drivers across the segment’s products and businesses, and work with leaders across the organization.

Role does require the ability and desire to be able to work extra hours at peak quarterly times, as the entire team does.

**Enterprise Role Overview:**

SFA in the Finance Business Support role with a specialty in Capital Markets

**Required Skills:**

Bachelors or Masters Degree in Accounting or Finance

Programming experience in R (or similar language)

Minimum of 5 years experience

CFA or working toward preferred, but not necessary depending on experience level

Understanding of database functionality

Understanding/ability to work with complex Excel formulas

PowerPoint skills

Detail oriented


Results oriented

Strong analytical skills

Strong verbal communication, relationship building and people skills

Ability to write well (documentation is critical in all aspects of the role)

**Desired Skills:**

Management Reporting

Exposure to financial products, concepts and businesses

Ability to multi-task and make changes under tight deadlines

**Posting Date** : 10/24/2017

**Location** :

Charlotte, NC, HEARST TOWER, 214 N TRYON ST,

- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

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GBAM Stress Testing Sr Quantitative Fin Analyst

Bank of America
Charlotte, NC

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GBAM Stress Testing Sr Quantitative Fin Analyst

Bank of America
Charlotte, NC

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