Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

Global Markets Risk Management serves as independent market risk oversight of the Firm’s trading activities. The Global Market Risk Stress Testing team within this organization is responsible for the implementation and management of critical enterprise processes and analysis to support the global markets business and senior risk management. 

The team is seeking a highly motivated individual to support market risk stress testing, including regulatory mandated stress testing activities, formal and ad-hoc scenario analysis. The candidate in this role will have a wide range of responsibilities from managing governance routines, assist in the management and coordination of projects and initiatives across the team to drive operational excellence, and process and controls documentation and enhancements. 

This work will require extensive engagement across risk functions and other partners across the Firm. The candidate will also be a key participant in audit and regulatory exams related to stress testing and will become a subject matter expert on key aspects of market risk stress testing. This role will be expected to support the team’s success through an individual contributor role and will have no formal management responsibilities. 

Primary Responsibilities include: 

Ownership of key management routines and materials supporting the stress testing program 

Coordinate audit and regulatory requests and remediation efforts across the team 

KPI Tracking and Reporting 

Lead process, control and documentation enhancements and exercises for internal maintenance and broader initiatives 

Maintain and leverage the enhancements inventory to drive operational excellence improvements 

Required Qualifications:

Incumbents typically have 7 - 10 years of experience in the financial industry, ideally with market risk concepts and stress testing knowledge 

Governance and / or project management experience 

Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment 

Highly proficient at communication with ability to influence co-workers across our global team and all levels of the organization 

Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes 

Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously 

Experience with regulatory exams and audit 

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