Job Description:Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation.
Scenario and Enterprise Risk Analytics organization provides valuable insights into decision-making processes by decoding and quantifying risks to support our business strategy to achieve responsible and sustainable growth. Our vision is to serve as the go-to function to answer day-to-day risk management questions via state-of-the-art modeling and analytical tools. We want to add value and be relevant beyond regulatory and internal compliance.
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.
Required Education, Skills, and Experience:- Advanced degree (Master's or 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.
Desired Skills and Experience:- Some knowledge of Tableau, SQL, Python.
- Good understanding of current US regulatory environment
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
Minimum Education Requirement: Master's degree in related field or equivalent work experience
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - NJ - Jersey City - 525 Washington Blvd (NJ2525)
Pay and benefits information
Pay range
$125,000.00 - $210,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
