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Senior Economist

Bank of America Economics logo

Bank of America
Atlanta, Chicago, Charlotte - United States
S: Competitive

Job Description:

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.

Qualifications

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

Experience in time series analysis and macro modelling

Programming skills in Matlab, R, SAS, S, or equivalent;

Experience working or managing in a team environment

Proactive and passionate about working on complex problem solving

Strong attention to detail

Job summary

Employer:

Bank of America

Location:

Atlanta, Chicago, Charlotte, United States

Education:

PhD/Doctorate

Sector:

Economist

Salary:

Competitive

Job Type:

Permanent

Hours:

Full-Time

Posted:

12th June 2017

Apply By:

6th July 2017

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