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.. Bank of America's Economic Scenario Generation Group is seeking to add a Sr. Economist to the team. 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;. 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. This Sr. Economist role comes as part of the continued effort of the team to improve and expand the current suite of models and stress testing framework. As part of the Economic Scenario Generation Team, the candidate will be expected to 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 successful candidate should be able to communicate complex information and explanations in a simple way, both verbally and in written form. 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.. Required Skills:. PhD in Economics, Econometrics or equivalent. 10+ years 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. Expertise in macro-economic scenario output review and narratives. Excellent verbal and written communication skills. Desired Skills:. Knowledge of financial markets, CCAR, stress testing, CECL/IFRS9;. Knowledge base of data sources, recent research and historical developments. Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries ...
Associated topics: capital, commercial, credit, economics, economy asset, estate, pricing, real estate, valuation, wholesale

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