The posting
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: Global Markets and International Risk 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 coordinating production processes, assisting in the management and coordination of projects and initiatives with Technology to drive operational excellence, and monitoring controls and metrics associated with our key production processes.
This work will require extensive engagement across risk functions, technology teams and other partners across the Firm. The candidate will also be a key participant in initiative planning related to stress testing and reporting and will become a subject matter expert on key aspects of market risk and counterparty stress testing and reporting. 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:
- Coordinate stress testing requests across various stakeholders, including Technology
- Investigate and escalate production issues in collaboration with Technology
- Manage initiative requests across the team for prioritization in the annual cycle
- Drive business requirements for funded technology initiatives for the team
- Support adoption of firm-wide strategic initiative impacting trading and counterparty stress testing and reporting
- Monitor and report on key health metrics in the stress testing processes
Required Qualifications:
- Incumbents typically have 7 - 10 years of experience in the financial industry, ideally with market risk concepts and stress testing knowledge
- Technology related 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
Skills:
- Coaching
- Collaboration
- Continuous Improvement
- Process Design
- Risk Management
- Analytical Thinking
- Data Quality Management
- Problem Solving
- Regulatory Relations
- Reporting
- Business Process Analysis
- Controls Management
- Data and Trend Analysis
- Prioritization
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NJ - Jersey City - 525 Washington Blvd (NJ2525)
Pay and benefits information
Pay range
$110,200.00 - $183,400.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
