Stress Testing Manager

Company: Bank of America
Location: Charlotte
Posted on: June 2, 2025

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.Job Description:
This job is responsible for coordinating with all Lines of Business and Control Functions to support critical regulatory and internal management priorities spanning Capital, Recovery, and Resolution Planning. Key responsibilities include relationship management, risk mitigation, and complex financial analysis. Job expectations include developing expertise in areas of coverage to deeply understand and analyze business results, maintaining robust internal controls and documentation, and proactively liaising with business partners to produce quality results.The candidate will be a member of the Enterprise Scenario Planning and Execution ("ESPE") Enterprise Stress Testing ("EST") Team, which resides within the Company's Global Strategic Planning area. The Stress Testing Manager role is responsible for building, consolidating, and reporting stress testing results for Enterprise Stress Testing ("EST") management. 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 implications both internal 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. Challenges assumptions and results and is comfortable communicating and influencing business partners based on these results. Can quickly build credibility with partners. Duties primarily include the regular use of discretion and independent judgment. Requires strong analytical, influencing and communication skills. Comfortable with a dynamic, fluid work environment with tight deadlines. Experience with risk management, finance and/or accounting preferred.
Responsibilities:. This role is on the Global Recovery & Resolution Planning team ("GRRP") team within Global Strategic Planning ("GSP"). 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 overall resilience. 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 the Company.
Responsibilities:The Stress Testing Manager will lead key aspects of the team's strategic initiatives portfolio in addition to leading the end-to-end ESPE process for analyzing, development and reporting Plan content for assigned workstreams. 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. Duties primarily include the regular use of discretion and independent judgment.

• Advises business partners on inputs to stress testing processes for adherence to governance, policy, and regulatory requirements
• Reviews and challenges business partner outputs and assumptions in respective coverage areas
• Maintains detailed documentation to support the end-to-end production of regulatory or internal deliverables, including robust controls, results reporting, template requirements, and risk committee presentations
• Creates regular and ad-hoc executive level presentations and summaries for senior audiences, including regulators
• Produces and/or supports business partner production of annual regulatory submission requirements and leads ad-hoc analyses
• Maintains current knowledge of Bank risk programs, applicable laws, rules, regulations and industry guidance to serve as a trusted partner to various internal stakeholders
• Evaluates and communicates opportunities for enhancing processes, governance requirements, and analytical capabilities
• 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
• Identify improvements for team processes and controls, including Operational Excellence
• Enhance Enterprise Scenario Planning and Execution ("ESPE") documentation and understanding of key inputsSkills:
  • Controls Management
  • Internal Audit Review
  • Issue Management
  • Monitoring, Surveillance, and Testing
  • Regulatory Relations
  • Data and Trend Analysis
  • Interpret Relevant Laws, Rules, and Regulations
  • Regulatory Compliance
  • Data Governance
  • Data Modeling
  • Financial Forecasting and Modeling
  • Interpret Policies, Procedures, and GuidelinesRequired Qualifications:
    • 7+ years of experience in banking, finance, or accounting
    • Strong organizational, planning, and written and oral communication skills
    • Strong presentation skills and attention to detail
    • Project management skills and experience
    • Ability to effectively work under pressure and successfully manage multiple projects
    • Self-starter with the ability to influence and build trusted relationships
    • Proactively and constructively manage conflict, problem solve / troubleshoot issues for themselves and others
    • Adapt to a fast-paced environment involving multiple and simultaneous deliverables
    • Ability to build and modify process design for ongoing process improvement
    • Bank of America enterprise knowledge and ability to navigate across lines of business
    • Strong MS Excel and PowerPoint skillsDesired Qualifications:
      • Treasury or Risk experience.
      • Prior corporate finance, stress testing or economic forecasting/research experience
      • Bachelor's Degree
      • Ability to delegate tasks to teammates and "trust the team" to ensure timelines are achieved
      • Ability to work well under pressure and adapt easily to a changing environment and expectationsMinimum Education Requirement: High School Diploma / GED / Secondary School or equivalentBank of America is committed to help employees through the transition period when they're displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.Regardless of the position you are interested in, the starting points to building your resume are the same:
        1.Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
        2.Think about why you can do the job and make a list of your skills that are relative to the job.
        3.Identify experiences or accomplishments that show your proficiency in the skills required for the job.
        4.Summarize your abilities, accomplishments and skills into a brief, concise document.
        Considerations when writing a resume
        ---Do be brief. Resumes should be 1-2 pages in length.
        ---Do be upbeat and active in your wording.
        ---Do emphasize what you have done clearly and concretely.
        ---Do be neat and well organized.
        ---Do have others proofread and critique your resume. Spell check. Make it error free.
        ---Do use high quality, white or light colored 8 - x 11 paper. Use a laser printer if possible.
        ---Don't be dishonest, always tell the truth about yourself in the most flattering light.
        ---Don't include salary history or requirements.
        ---Don't include references.
        ---Don't include accomplishments that do not support your professional goals.
        --- Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
        ---Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview
        1.Anticipate -Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
        2.Research -What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
        3.Assess -Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
        4.Prepare Answers -Think about what the interviewer may ask, determine what the best answer is and write it down.
        5.Prepare Questions - Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
        6.Practice - It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
        7.Follow-up - Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
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Keywords: Bank of America, Spartanburg , Stress Testing Manager, Executive , Charlotte, South Carolina