Stress Testing Manager

Alliance & Leicester Credit Card; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution is seeking a Stress Testing Manager in London. This role involves managing stress testing processes, supporting recovery planning, and engaging with various departments. Ideal candidates will possess strong analytical skills and a background in finance or mathematics.

Benefits

Private healthcare

Competitive pension plan

Back-up childcare

Flexible benefits options

Employee Assistance Program

Qualifications

• Experience in Banking and Financial Services Industry.
• Familiarity with Risk Management principles.

Responsibilities

• Building and reporting stress testing results for senior management.
• Performing complex analysis related to balance sheet, capital, and liquidity.

Skills

Analytical skills

Interpersonal skills

Communication skills

Organizational skills

Attention to detail

Education

Mathematics

Finance

Economics

Law

Tools

MS Office Products

Alteryx

Job description

Stress Testing Manager

London, United Kingdom

Job Description:

Job Title: Stress Testing Manager

Location: London

Corporate Title: Vice President

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

We are committed to being a diverse and inclusive workplace, hiring individuals from broad backgrounds, and investing in our teammates' well-being.

Location Overview:

Our London office is located near St. Paul’s Cathedral, offering modern workspaces, a rooftop terrace with views, onsite amenities including a gym, medical center, and sustainable dining options.

The Team:

The International RRP & Stress Testing team, part of the CFO / Global Financial Controls department, manages recovery, resolution planning, and financial forecasts across Bank of America and its subsidiaries.

The team evaluates the impact of severe scenarios on the bank's financial position, including balance sheet, capital, and profitability.

Role Overview:

This role supports non-US regulatory requirements related to recovery and resolution planning, and stress testing processes to assess the bank's financial health under various scenarios. It involves collaboration with multiple departments and engagement with international regulators.

Responsibilities:

• Build, consolidate, and report stress testing results for senior management.
• Perform complex analyses on earnings, balance sheet, capital, liquidity, and risk exposures.
• Support explanation of business strategies in stress scenarios.
• Analyze trends and implications of stress results.
• Investigate interactions between economic and operational factors.
• Challenge assumptions and communicate findings to business partners.

Support projects such as ICAAP stress testing, development of resolution capabilities, monitoring regulations, and engaging with international regulators.

Qualifications:

• Strong analytical skills and banking industry experience.
• Educational background in Mathematics, Finance, Economics, or Law.
• Experience in regulated environments and risk management principles.
• Knowledge of Recovery and Resolution Planning.
• Excellent communication and presentation skills.
• Proficiency in MS Office; desirable skills include Alteryx and model development.

Benefits:

Comprehensive benefits including healthcare, pension, childcare support, flexible benefits, mental health resources, charitable giving options, cultural memberships, and community involvement opportunities.

Our Commitment:

Bank of America promotes equal employment opportunity, values diversity, and maintains a drug-free workplace. We encourage candidates to request accommodations and ensure accessible recruitment processes.