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These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
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Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
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Responsibilities:
Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
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Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
This role offers the opportunity to shape enterprise wide economic views at one of the world’s leading financial institutions, influence senior decision makers, and lead high impact work at the intersection of economics, risk management, and strategy. This is a critical leadership role within Global Risk Analytics, responsible for shaping the bank’s macroeconomic outlook, scenario design, and economic risk assessments used for regulatory submissions, capital planning, allowance methodologies, and strategic decision making. This role partners closely with senior executives, risk committees, and business leaders to translate complex economic dynamics into actionable insights for a large, diversified financial institution. Specific role responsibilities would include:
Macroeconomic Scenario Development
Lead the design, review, and approval of enterprise wide macroeconomic projections and stress scenarios (1,800+ variables) supporting regulatory and internal use cases, including CCAR, CECL, IFRS 9 and internal forecasting.
Ensure macroeconomic assumptions and scenario narratives are methodologically sound, well documented, and compliant with regulatory expectations and internal model risk standards.
Risk Analytics & Strategic Insight
Assess emerging macroeconomic, geopolitical, and financial market risks and identify implications for capital adequacy, credit risk, liquidity, and earnings.
Develop forward looking economic analyses that inform enterprise risk identification, corporate planning, and stress testing outcomes across lines of business.
Thought Leadership & Executive Communication
Provide thought leadership on evolving economic conditions and risks to the baseline outlook through executive level presentations, written briefings, and recurring senior leadership forums.
Translate complex economic and financial concepts into clear, decision useful insights for senior management, risk committees, and frontline business partners.
Serve as a trusted advisor to executive leadership on macroeconomic trends and scenario driven impacts to the bank and the global economy.
Team Leadership & Collaboration
Collaborate with a high performing team of economists and analysts, fostering strong analytical rigor, clear communication, and effective challenge.
Coordinate economic research and scenario development efforts across regions, portfolios, and risk disciplines.
Mentor junior staff and contribute to the bank’s broader economic research and talent development initiatives.
Innovation & Continuous Improvement
Advance the use of quantitative methods, data automation, and emerging technologies (including AI/ML where appropriate) to enhance scenario design, monitoring, and risk insights.
Continuously evaluate and improve economic modeling frameworks to reflect structural changes in the economy and financial markets.
Minimum Education Requirement: Master’s degree PhD in Economics, Finance, or a related quantitative field.
8+ years of experience in macroeconomic analysis, scenario design, or stress testing within a large financial institution, regulatory body, or economic research organization.
Expertise in regulatory stress testing and allowance frameworks (CCAR, CECL, IFRS 9).
Strong understanding of global macroeconomics, financial markets, and bank balance sheet dynamics.
Proven ability to communicate complex economic concepts effectively to senior executives and non technical audiences.
Experience interfacing with regulators and responding to supervisory feedback.
Familiarity with model risk management frameworks and governance requirements.
Experience leveraging advanced analytics, automation, or AI enabled tools in economic or risk analysis.
Skills:
Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications
Shift:
Hours Per Week:
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About Bank of America
Financial Services10,001+Founded 1904
Bank of America is a multinational financial services company and one of the largest banks in the United States. It provides banking, investing, asset management, and other financial products and services to individuals, businesses, and institutions worldwide.
