Stress Testing Manager - RRP

Charlotte, North Carolina

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:

Manages process and resources responsible for building, consolidating and reporting stress testing results to executive management. Challenges assumptions and results and is comfortable communicating and influencing business partners based on these results. Can quickly build credibility with partners. Performs complex analysis related to earnings, balance sheet, capital and liquidity as well as associated risk exposures. Provides analytical support for explaining business/forecast strategies in the context of baseline and stress forecasts Reviews and analyzes trends in stress results to best understand earnings, capital, and liquidity implications both internally 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. Highly effective at developing, motivating and managing employees & organizations. Requires strong analytical, project management, influencing, communication and people management skills. Comfortable leading a dynamic, fluid work environment with tight deadlines. Experience in one or more of the Bank's businesses, Finance, or Risk is preferred.

Skills:

• Controls Management

• Internal Audit Review

• Issue Management

• Monitoring, Surveillance, and Testing

• Regulatory Relations

• Benchmarking

• Interpret Relevant Laws, Rules, and Regulations

• Policies, Procedures, and Guidelines

• Regulatory Compliance

• Risk Management

• Data Governance

• Data Modeling

• Data and Trend Analysis

• Financial Analysis

• Financial Forecasting and Modeling

Minimum Education Requirement: Bachelor's Degree or Equivalent Experience

Specific LOB/segment/coverage area of this role:

This role is on the Global Recovery & Resolution Planning team (“GRRP”) team within Global Risk Management (GRM). GRRP coordinates the Company’s recovery and resolution planning processes globally by collaborating with business, finance, and treasury to monitor the Company’s RRP capabilities and act as a review and challenge function for regulatory submissions.

The Stress Testing Manager will help support key aspects of the end-to-end GRRP process across recovery and resolution plan submissions, regulatory inquiries, rule federation, and legal entity rationalization. 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.

The role is an excellent opportunity to learn about all of the Bank’s businesses, risks and overallresilience.Recovery and Resolution Planning is a critical bank function and will provide the right candidate with invaluable experience for future roles across a number of areas in theCompany.

Additional responsibilities for this role include:

• Lead 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

• Lead preparation of materials for senior management and Board-level committees

• Lead with drafting executive summaries for recovery and resolution submissions

• Lead with all aspects of governance and reporting routines

• Identify improvements for team processes and controls, including Operational Excellence

Required candidate skills/qualifications:

• Knowledge of the regulations impacting Bank of America, as well as the role of global supervisory authorities

• Broad knowledge of financial regulations

• Understanding of corporate governance and legal entities

• A minimum of 5 years of experience in Compliance, Risk Management, or Regulatory Engagement

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.