Stress Testing Consultant

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for building, consolidating and reporting stress testing results for Enterprise Stress Testing management. Key responsibilities include performing complex analysis related to earnings, balance sheet, capital, liquidity as well as associated risk exposure, and providing analytical support for explaining business/forecast strategies in the context of baseline and stress forecast. Job expectations include reviewing and analyzing trends in stress testing results to understand implications, challenges assumptions/results and communicates effectively with business partners.

Team Specific Job Description:

Responsible for developing, consolidating, and communicating enterprise stress testing results to senior Enterprise Scenario Planning and Execution (ESPE) leadership. This role performs complex analysis across earnings, balance sheet, capital, liquidity, and related risk exposures, providing insight into business strategies and performance under baseline and stressed economic conditions. The position requires the ability to evaluate trends, challenge assumptions, and articulate the implications of stress testing results to a wide range of stakeholders. Successful candidates will demonstrate strong analytical, communication, and influencing skills, thrive in a fast-paced environment with tight deadlines, and effectively partner across business and risk functions.

Responsibilities:

• Builds and provides analysis for stress testing reporting
• Assess trends and provides key data to leaders
• Conducts complex reviews of earning, balance sheet, capital and liquidity
• Complies results and delivers to leaders to support overall strategy for stress testing

Team Specific Responsibilities:

The Stress Testing Consultant supports the ESPE Analyst team through both strategic initiatives and the end-to-end stress testing process. This role provides a unique opportunity to gain enterprise-wide exposure to the company's businesses, financial drivers, and risk profile while partnering with leaders across Risk, Finance, Treasury, and the lines of business. The successful candidate will contribute to the review, challenge, analysis, and reporting of stress testing results, support regulatory and governance initiatives, and help drive continuous improvement across the stress testing framework.

• Perform review and challenge activities for assigned forecasting workstreams, including the assessment of forecast results, key assumptions, model enhancements, and evolving regulatory expectations.
• Analyze stress testing results to identify trends, emerging risks, and implications for the firm's financial performance and risk profile.
• Develop strong partnerships with business and risk stakeholders to understand forecasting methodologies, provide effective challenge, and ensure alignment with expectations and deliverables.
• Contribute to end-to-end review and challenge documentation and governance processes across assigned workstreams.
• Support the execution of regulatory commitments and continuous improvement efforts, including responses to supervisory feedback and Matters Requiring Attention (MRAs).
• Enhance ESPE documentation, data transparency, and understanding of key forecasting inputs, methodologies, and assumptions.
• Assist in the development of management reporting and presentations for senior leadership and governance committees.
• Perform ad-hoc quantitative and qualitative analyses to support the quarterly stress testing cycle, including earnings, balance sheet, capital, liquidity, and associated risk exposures.
• Support strategic initiatives that enhance the enterprise stress testing and governance framework.

Required Qualifications:

• 3+ years of experience in banking, finance, accounting, risk management, or a related field.
• Advanced Excel skills, Word and PowerPoint proficiency, and coding experience 
• Strong analytical, investigative problem-solving, and decision-making skills  
• Detail-oriented with strong organizational, planning, and time management skills.
• Ability to work effectively under pressure and manage multiple priorities in a deadline-driven environment.
• Excellent written, verbal, and presentation skills.

Desired Qualifications:

• Familiarity with financial regulatory environment (Capital, Liquidity, IRR)
• Prior corporate finance, stress testing or economic forecasting/research experience
• MBA/CFA a plus
• AI prompting

Skills:

• Controls Management
• Internal Audit Review
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Relations
• Benchmarking
• Data and Trend Analysis
• Interpret Relevant Laws, Rules, and Regulations
• Regulatory Compliance
• Risk Management
• Data Governance
• Data Modeling
• Financial Analysis
• Financial Forecasting and Modeling
• Policies, Procedures, and Guidelines

Minimum Education Requirement:

• Undergraduate degree (Bachelor's Degree) with quantitative focus; finance, business, accounting, mathematics, computer science, econometrics or equivalent work experience

Shift:

Hours Per Week: