Bank of America

Position Title/Short Description

Full Text of JOE Listing:

Establishes the general framework for economic development analyses. Monitors trends in various sectors of the US. Forecasts changes in business conditions and relationships. Responsible for economic and financial forecasting. Directs the preparation of reports for internal and external distribution, including presentations to the sales force and institutional clients.

The Economic Scenario Generation Group in Global Risk Analytics is responsible for constructing and developing scenarios to support CCAR, stress testing, CECL/IFRS9, risk appetite and other enterprise risk management activities in addition to developing and implementing econometric models for forecasting macroeconomic and financial variables.

The team’s current coverage includes U.S. national and regional macro and financial variables, as well as major international economic variables, including FX and interest rates. The candidate will play an active role in the construction of macroeconomic scenarios for stress testing purposes as well as contributing to the regular supervisory stress test exercises. This will involve applying economic skills to monitor global financial and economic trends and to identify and analyze key macro and market risks, along with their implications for the global economy. The candidate will be also responsible for designing scenarios with narratives, providing guidance for new economic models development and improvements, and reviewing scenarios to ensure consistency. The work of the team is fast-paced and intellectually challenging, and we interact daily with quantitative modelers, as well as senior bank management teams.

Qualifications:
• PhD in Economics, Econometrics or equivalent
• 10+ year’s economist experience in a major financial, public or international institution
• Expertise in macro-economic analysis and forecasting with a focus on empirical methods
• Expertise in macro-economic scenario generation system design and output review and narratives
• Excellent verbal and written communication skills
• Knowledge of financial markets, CCAR, stress testing, CECL/IFRS9; base of data sources, recent research and historical developments
• Experience in time series analysis and macro modelling
• Programming skills in Matlab, R, SAS, S, or equivalent;
• Experience working or managing in a team environment and ability for complex problem solving