Quantitative Finance Analyst Quantitative Finance Analyst …

Bank of America Merrill Lynch
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Bank of America Merrill Lynch
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Quantitative Finance Analyst
Job Description:

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.

The role will be a Forecast Analyst for the Available for Sale (AFS) and Fair Value Option (FVO) portfolio as well as 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 role's remit includes:

  • Coordinate data collection and completeness
  • Ensure data accuracy
  • Verify all requirements regarding quarterly cycles are followed per Enterprise Stress Testing (EST) guidelines
  • 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 Reserve's annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC's 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 segment's products and businesses, and work with leaders across the organization.

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

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.

The role will be a Forecast Analyst for the Available for Sale (AFS) and Fair Value Option (FVO) portfolio as well as 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 role's remit includes:

  • Coordinate data collection and completeness
  • Ensure data accuracy
  • Verify all requirements regarding quarterly cycles are followed per Enterprise Stress Testing (EST) guidelines
  • 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 Reserve's annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC's 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 segment's products and businesses, and work with leaders across the organization.

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

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.

The role will be a Forecast Analyst for the Available for Sale (AFS) and Fair Value Option (FVO) portfolio as well as 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 role's remit includes:

  • Coordinate data collection and completeness
  • Ensure data accuracy
  • Verify all requirements regarding quarterly cycles are followed per Enterprise Stress Testing (EST) guidelines
  • 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 Reserve's annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC's 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 segment's products and businesses, and work with leaders across the organization.

Shift:
1st shift (United States of America)

Hours Per Week:
40
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