Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

The International RRP & Stress Testing (RRP & ST) team is part of the CFO / Global Financial Controls department and comprises of 12 members based in London and Dublin. The team was established to manage the recovery and resolution planning processes across Bank of America and its subsidiaries and to co-ordinate the production of financial forecasts to produce legal entity stress testing and international recovery financial forecasts.

While Recovery and Resolution Planning is coordinated centrally by Global RRP (GRRP), regional Recovery and Resolution Planning is managed locally and guided by relevant regulation. Stress testing is used to evaluate the impact of severe but plausible scenarios on the financial position of the bank, such as economic downturns or market failure. The impact is assessed in terms of change in values for the bank's balance sheet, capital adequacy, and profitability.

The primary "internal clients" of the International RRP & ST Team are the regional Chief Financial Officers, who act as Accountable Executives, and the regional Boards of Directors, who have ultimate responsibility for Recovery and Resolution Planning and Stress Testing processes/outcomes at the legal entity level.

The primary responsibility of the role is to engage with international regulators as well as internal stakeholders from Legal, Compliance, Finance, Treasury, Capital and Liquidity Management, T&O, Risk Management, and Business Continuity to develop and publish the Recovery & Resolution Planning and Stress Testing deliverables that describe the company's strategy to respond to and withstand periods of severe financial stress.

Role Overview:

The "RRP and Stress Testing Manager" role will have a wide span of responsibility, supporting highly complex end-to-end projects that fall under the wide umbrella of Stress Testing and RRP, which require regular engagement and interaction with multiple departments across the organization, such as Finance, Treasury, Capital and Liquidity Management, Risk Functions, T&O, Legal, Compliance, Regulatory Relations, HR, Corporate Communications, and Business Continuity

As a member of the International RRP & ST team based in London, UK, this role will be responsible for supporting the various non-US regulatory requirements related to recovery and resolution planning, and for supporting the stress testing processes that evaluate the financial condition of the firm under various macroeconomic, business, idiosyncratic and/or operational scenarios to better understand the balance sheet, earnings, capital, and liquidity sensitivities.

Responsibilities:

The successful candidate will be accountable for supporting Stress Testing and RRP-related projects, such as:

• Performance of stress testing analysis, development of recovery plans and resolution information templates
• Development of resolution planning capabilities, such as Trading activity Wind Down, Valuations in Resolution, etc.
• Coordination of recovery and resolution simulation exercises
• Coordination of RRP capabilities self-assessments
• Monitoring and reviewing Stress Testing and RRP-related laws, rules and regulations,
• Supporting engagements with international regulators across the EMEA, APAC, and LATAM regions to understand Stress Testing and RRP requirements,
• Providing support on Stress Testing and RRP-related projects to senior management overseeing the BAC international subsidiaries,
• Supporting organizational strategy & structure changes, including realignment of legal entities across the international jurisdictions, Legal Entity rationalization efforts, and implementation of Stress Testing and RRP capabilities

What we are looking for:

• Experience working in Banking and Financial Services Industry
• Education qualifications in Mathematics, Finance, Economics, or Law
• Experience working in a regulated environment
• Familiarity with the principles of Risk Management
• Knowledge of Recovery and Resolution Planning
• Track record of strategic thinking and business awareness
• Ability to interact with senior level executives
• Accuracy/quality control - must demonstrate accuracy & thoroughness and monitor own work to ensure quality
• Be flexible to work across multiple time zones based on critical timelines

Nice-to-have / desired skills would include:

• Alteryx
• Model development experience

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.