1+ months

Quantitative Finance Analyst - Charlotte, NC

Charlotte, NC 28230
**Job Description:**



GBAM Stress Testing Analyst AFS/HTM/FVO/HFS



Become a member of the Global Banking and Markets Stress Testing team (GBAM ST), responsible for stress loss forecasting for Global Banking and Markets positions for submission to the FED, OCC and Senior Management. GBAM ST works with the Front Office, Finance, and Risk leaders throughout GBAM to analyze and review the results.



In this role, the Forecast Analyst projects asset prices and market performance of $60bn loan and securities portfolios that span the Global Markets and Global Banking businesses, including Leveraged Finance commitments, Fair Value Option loans and hedges, municipal securities, commercial real estate loans and securities, asset-backed securities, residential mortgages, sovereign debt, and other structured products within GBAM . In addition, the candidate will participate in various tasks for Global Banking and Markets Stress Testing team such as Quality Assurance testing and business reviews. The team works with the Front Office, Finance, and Risk leaders to determine the best models, approaches, and variables to forecast what the P/L change would be given various economic scenarios. The individual is the central coordinator for the many moving parts of CCAR (Comprehensive Capital Analysis and Review) stress loss forecasting, and the roles remit includes:



+ Coordinate data collection and completeness

+ Ensure data accuracy

+ Analyze and attest to results and reasonableness

+ Decide what sensitivities should be run on portfolios

+ Providing reporting to senior management on how to interpret the results

+ Working with model developers to build models where spreadsheets may currently be used

+ Provide reporting and answer questions for EST and regulators

+ Ensure that existing documentation remains up to date and new documentation is created per requirements

+ Plan, coordinate and implement medium-term and longer-term enhancements to forecast process and methodologies, including centralization of data sourcing and projections as well as introduction of new pricing models



CCAR is the Federal Reserves annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCCs equivalent DFAST requirement.



This is a unique opportunity to join a GBAM wide function, gain exposure to GBAM businesses (Emerging Markets, Distressed Credit, Commercial Real Estate, Residential Mortgages, Municipals, Corporate Credit, etc.) and financial drivers across the segments products and businesses, and work with leaders across the organization.



Role does require the ability and desire to be able to work extra hours at peak quarterly times, as the entire team does.



**Enterprise Role Overview:**



Senior Financial Analyst or Quantitative Financial Analyst, depending on candidates qualification, in the Finance Business Support role with a specialty in Capital Markets



**Required Skills:**



Bachelors or Masters Degree in Accounting or Finance



Minimum of 2 years of experience in fixed income or GBAM related financial products.



Understanding/abilityto work with complex Excel formulas



PowerPoint skills



Detail oriented



Self-starter



Results oriented



Strong analytical skills



Strong verbal communication, relationship building and people skills



Ability to write well (documentation is critical in all aspects of the role)



Ability to multi-task and make changes under tight deadlines



**Desired Skills:**



Programming experience in R or Python (or similar language)



CFA or working toward preferred

Understanding of database functionality



Management Reporting



**Posting Date** : 06/11/2019



**Location** :

Charlotte, NC, HEARST TOWER, 214 N TRYON ST,

- United States



**Travel** : Yes, 5% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Industry

  • Banking / Finance
Posted: 2019-06-13 Expires: 2019-09-20

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Quantitative Finance Analyst - Charlotte, NC

Bank of America
Charlotte, NC 28230

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