Bank of America Value at Risk Backtesting and Volcker Regulatory Reporting - Charlotte in Charlotte, North Carolina

Job Description:

As a member of the group you will be responsible fordelivering BAUandchangeacross the Value at Risk Backtesting (VBT) and Volcker Finance regulatory reporting program. This will support the implementation of VBT at a granular level across the Markets Business and ensure flawless and timely delivery of P&L Attribution required for VBT and Volcker, altogether with analysis of the returned results and remediation where required.


As a VP developing new processes to bridge the Product Control, Finance and Risk disciplines your responsibilities will include the following:

  • Managing the VBT Financial Central controls team both onshore (London) and offshore (India).

  • Point of contact for all VBT matters and especially during the month end PL reporting Volcker cycles (1st week of each month).

  • Risk and Issue identification, Management, and resolution.

  • Forming and communicating a change agenda and working with the BAU and Tech team involved with prioritisation and implementation.

  • Regular Status reporting and contributing to working grouping management and steering committees.

  • Involvement with complex design and delivery issues that impact multiple lines of business.

  • Liaison with Technology to oversee aspects of implementation.

  • Building sustainable processes that the candidate will then run after development.

  • Partnering with Trade support, Finance, Risk, quantitative services and Technology to define business processes and implement related technology solutions.

  • Will be expected to contribute to creating business cases, conceptual designs (business process and technical) and translate business priorities and requirements into actionable, structured, project plans.


  • 7+ years related experience

  • Python Language Coding experience (skill required as the candidate will grow his knowledge on developing within the bank of America learning framework.)

  • Broad business experience defining business and system requirements for P&L and risk applications.

  • Ability to lead and drive change

  • Have proven requirement and process definition and documentation skills, with ability to handle diverse workload and tight schedules.

  • Demonstrate experience in or around the product control environment, including understanding of Greeks and awareness of VaR and Market risk activities.

  • Experience in MO office/finance/operation re-engineering initiatives.

  • VBA/Macro – strong level required.

  • Ability to work across business groups and in a team environment and across various levels within MO, Technology, Operations, CFO, & COO’s

Posting Date : 06/26/2018

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

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