Senior Economist

Bank of America
Charlotte - United States
S: Competitive

Position Description

Bank of America's Economic Scenario Development Team is seeking an International Econometrician/Economist in Charlotte, NC. The Economic Scenario Development Team is responsible for econometric modeling and scenario generation to support CCAR, stress testing, and other enterprise risk management activities. The current model coverage includes U.S. national macro-economic models, U.S. regional macro-economic models, International models, FX models, interest rates and other financial market variable models.

As part of the Economic Scenario Development Team, the candidate will be responsible for non-US economic theory support, international model prototyping and testing, verbal and written communication, international economic scenario review, narrative, and documentation. Our work is fast-paced and intellectually challenging, and we interact daily with quantitative modelers, and senior bank management to improve our models and adapt to changing business needs. Previous econometric modeling experience is desirable but not required for this position, but excellent communication and aptitude for learning is.

Enterprise Role Overview

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.

Qualifications

Required Skills:

· PhD in Economics, Econometrics or equivalent, with a quantitative focus and/or experience;
· Extensive economic theory and intuition;
· Experience in international economics and econometric modeling, particularly Europe and Asia;
· Solid statistics theory;
· Intermediate programming skills in SAS, R, S, Matlab or equivalent;
· Strong desire to work individually and with a group on complex problem solving;
· Strong attention to detail;
· Excellent verbal and written communication skills

Desired Skills:

· Relevant work experience in econometric modeling, especially in interest rate, financial market, international macro-economic or FX modeling.
· Knowledge of financial market, CCAR and stress testing;
· Willingness to apply economic theory to stress testing models and help interpret model outcomes;
· Ability to work in a time sensitive, market driven environment;

Job summary