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Reporting & Governance Senior Analyst

Bank of America | Jersey City NJ 07399 USA | Full Time | Posted: 04/09/2021

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Job Description:

Market Risk management serves as independent risk oversight of the Firm’s trading activities across the various trading desks and trading portfolios. The Global Market Risk Portfolio Analysis team within Market Risk is responsible for the implementation and management of cross-product processes and analysis to support the Global Markets business and senior Risk management. Within this team, the capital work stream focuses on the ongoing understanding of the results of our modelled capital components, specifically Value-at-Risk, Stressed-Value-at-Risk, Incremental Risk Charge and Comprehensive Risk Measure models. The group’s primary responsibility is to ensure the accurate production of such figures along with related analysis to understand drivers of the capital levels and changes over time.

The team is seeking a highly motivated individual to engage in this work stream. The primary focus of the role is on the ongoing analysis of model outcomes from the VaR, SVaR, IRC, and CRM models for the Firms portfolios, including Total Firm and key legal entities. The candidate will perform variance analysis and communicate key drivers of capital levels and changes to internal and regulatory bodies. The candidate will also be engaged in the system implementation and production of capital figures including helping to review and understand capital rules, engage in ad hoc work to assist in regulatory model applications, and generally serve as a subject matter expert on the modelled capital process.

Primary Responsibilities include:

  • Participating in the analysis for both consolidated BAC as well as key legal entities across models
  • Reviewing and understanding capital rules, and implementing in technology systems accordingly
  • Liaising with model developers and model risk management to understand and discuss key issues and ongoing projects related to the models
  • Fielding ad-hoc questions on modelled capital figures and processes from the business, regulators, internal senior risk leaders, and audit partners
  • 10K/Q and Pillar 3 Disclosure preparation with an emphasize on results analysis, including preparing summaries for senior risk management
  • Liaising with technology and data partners to correct issues discovered as part of the analysis process
  • Ensuring a strong control environment
  • Maintain and develop documentation on processes where needed

Required Job Skills:

  • Experience in a trading / market risk related field
  • Bachelor’s degree in quantitative disciplines such as mathematics or statistics preferred
  • Ability to work in a fast-paced environment
  • Intellectually curious with the ability to investigate and develop root cause analysis for portfolio changes
  • Adept at communication with ability to influence co-workers across our global team and all levels of the organization including escalation of issues
  • Ability to aggregate and synthesize complex data from multiple sources
  • High level of attention to detail

Desired Job Skills:

  • Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
  • Prior experience with market risk and traded products
  • Basic experience with Python or other similar languages
  • Experience with regulatory reporting, regulatory exams, and/or audit


1st shift (United States of America)

Hours Per Week: 


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Location Jersey City, NJ, 07399, United States
Categories Unspecified

Location Maptop

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Job Code 20024136

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