Bank of America Legal Entity Stress Testing Reporting Analyst in Charlotte, North Carolina
The Enterprise Stress Testing (EST) group evaluates alternative “scenarios” (e.g., adverse macroeconomic environments, specific shock scenarios, and others) and is responsible for analyzing how these scenarios impact the company’s projected earnings, balance sheet, capital and liquidity positions. EST works with business, finance, and risk leaders throughout the organization to analyze the impacts and ultimately report scenario results to senior executive management.
The Stress Testing Sr. Consultant will help support key aspects of the end-to-end EST process and will have specific responsibility for analyzing and reporting stress test results to executive management. This is a unique opportunity to join an enterprise-wide function, gain exposure to businesses and financial drivers across the company’s products and businesses, and work with leaders across the organization.
Contribute to EST efforts for Legal Entity segmentation, including the build out of consolidation and reporting functions, review and challenge of legal entity results, legal entity specific methodologies, key assumptions, and other regulatory expectations as they arise
Support Recovery and Resolution Plan financial forecast requirements, including scenario design, assumptions management, and sensitivity analysis
Build relationships with key business partners to fully understand their forecast process and results, while serving as a challenge function and providing guidance on expectations and deliverables
Review and analyze trends in stress results to best understand implications both internally and externally
Assist with “end-to-end challenge documentation” efforts
Address regulatory expectations for continuous improvement, including addressing regulatory MRAs
Enhance documentation and understanding of key inputs
Participate in the regulator exam meetings during CCAR, if necessary
Support general analytics related to the execution of the quarterly EST cycle.
5-7 years of Finance Risk Management experience
Financial Forecasting & Planning experience
Prior CCAR/DFAST experience
Understanding of Recovery and Resolution Planning
Experience analyzing and reporting stress test results
Strong Excel and PowerPoint skills
Strong analytical skills
Ability to translate business concepts to financial impacts
Strong communication skills
Strong relationship building and interaction skills
Strong teamwork skills
Self-starter with the ability to problem solve in both a team environment and in solo situations
Enterprise Role Overview:
Responsible for building, consolidating and reporting stress testing results to executive management. Performs complex analysis related to earnings, balance sheet, capital and liquidity as well as associated risk exposures. Provides analytical support for understanding 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 and can effectively communicate these interactions and implications to senior leaders. Challenges assumptions and results and is comfortable communicating and influencing business partners based on these results. Can quickly build credibility with senior partners. May be responsible for team lead responsibilities of more junior staff including quality control and technical training. Duties primarily include the regular use of discretion and independent judgment. Requires strong analytical, project management, influencing and communication skills. Comfortable with a dynamic, fluid work environment with tight deadlines. Experience in one or more of the Bank's businesses, Finance, or Risk is preferred.
Posting Date : 07/25/2017
Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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