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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for building, consolidating and reporting stress testing results for Enterprise Stress Testing management. Key responsibilities include performing complex analysis related to earnings, balance sheet, capital, liquidity as well as associated risk exposure, and providing analytical support for explaining business/forecast strategies in the context of baseline and stress forecast. Job expectations include reviewing and analyzing trends in stress testing results to understand implications, challenges assumptions/results and communicates effectively with business partners.

Team Specific Job Description:

This role is on the Global Recovery and Resolution Planning team (“GRRP”) team within the broader Enterprise Scenario Planning and Execution function. GRRP coordinates the Company’s recovery and resolution planning processes globally by collaborating with all lines of business and control functions to monitor and test the Company’s RRP capabilities and act as a review and challenge function for regulatory submissions.

The Stress Testing Consultant will help support key aspects of the end-to-end GRRP process across recovery and resolution plan submissions, regulatory inquiries, LOB-specific liaison coverage, and other project-based deliverables. This will include leading presentations, coordinating timelines and deliverables, and conveying the team's expectations of FLUs / CFs in GRRP's processes. The ideal candidate must be able to handle multiple priorities and meet urgent deadlines as necessary. 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.

Responsibilities:

• Builds and provides analysis for stress testing reporting
• Assess trends and provides key data to leaders
• Conducts complex reviews of earning, balance sheet, capital and liquidity
• Complies results and delivers to leaders to support overall strategy for stress testing
• Support GRRP 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 Board-level committees
• Support with drafting executive summaries for recovery and resolution submissions
• Support with all aspects of governance and reporting routines
• Identify improvements for team processes and controls, including Operational Excellence

Required Qualifications:

• 2-3 years of experience in the financial services industry, with a preference for experience in enterprise functions such as Treasury, Finance, Risk, or Operations
• Motivated self-starter with excellent written/verbal and critical thinking skills. There is no repeatable daily tasking in this role
• Willingness to work cross-functionally on a wide range of deliverables depending on business need

Desired Qualifications:

• Direct experience with Recovery and/or Resolution planning
• Ideal educational backgrounds include liberal arts education in a related field such as economics, political science, finance, etc.

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

Minimum Education Requirement:

• Bachelor’s Degree or equivalent work experience

Shift:

Hours Per Week: