Risk Analysis Specialist II

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include reviewing and analyzing portfolio trends, supporting the development of more complex databases or queries to extract data, and supporting the production of data for internal and external reporting needs. Job expectations include working with Technology to implement changes necessary to support ongoing data needs.

Responsibilities:

• Supports the development and execution of reporting to allow Risk and business partners to effectively identify and manage risk
• Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
• Provides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met
• Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
• Supports with responding to complex ad-hoc requests for information from both internal and external parties
•  Provides support on cross-functional efforts to remediate data quality issues
•  Monitors the outputs of controls and investigates alerts from the control checks

Skills:

• Attention to Detail
• Business Intelligence
• Data and Trend Analysis
• Risk Analytics
• Risk Management
• Adaptability
• Collaboration
• Continuous Improvement
• Data Visualization
• Project Management
• Business Acumen
• Issue Management
• Regulatory Relations
• Stakeholder Management
• Technical Documentation

Line of business job description:

The GRM Data Governance Function reports to the GRM Data Strategy & Management Executive (DMSE) and will help manage GRM’s overall data governance program, including the GRM data management procedures, compliance with policies and standards, regulatory engagement, incidents management and analysis and overall reporting of data health across GRM on behalf of the DSME.

This role reports to the GRM Data Governance Head and is provided a broad platform to build partnerships with GRM, enterprise, business and technology leadership, a vantage point to explore end-to-end processes, data ecosystems and technologies, and an ability to influence data strategies that drive the greatest value across the lines of business.

• Broad responsibilities to support the DSM function’s day-to-day operations, including progress tracking of DSM initiatives, annual initiative, resourcing, and funding planning on behalf of DSME.
• Oversee and assist in managing GRM’s data commitments to internal and external parties, monitor progress and escalate execution risks – including regulatory and audit commitments.
• Provide support to prepare and present GRM data strategy vision on behalf of DSME to GRM CRO, senior leadership team, FLU/CF and enterprise senior stakeholders.
• Identify opportunities for data process optimization across GRM and promulgate leading practices across GRM and enterprise.
• Overseeing maintenance of GRM-wide data management procedures
• Ensuring GRM data-related initiatives are aligned to the DSM strategy

This individual may also assist with the following, as needed:

• Develop and implement a robust stakeholder engagement strategy and communication plan
• Establish and execute against a DSM Employee Engagement action plan
• Establish and maintain the GRM DSM Operational Excellence/SIM portfolio, ensuring alignment to the DSM strategy

Required Skills:

• Technical Expertise: Demonstrates understanding of data and technology.
• Understanding of the data regulations, compliance and risk environment in financial services.
• Execution Expertise: Ability to drive program execution through disciplined oversight with right assignment of accountabilities.
• Successful delivery in a cross functional team environment in financial services - business, technology, compliance and risk.
• Leadership capability: A successful candidate will also need to navigate effectively across different levels of the enterprise and external stakeholders.
• Able to coordinate and prioritize data strategy as well as shape detailed solutions with quants, technologists and business teammates.
• Able to adjust communication styles to explain complex issues in appropriate terms and perspectives to a broad audience.
• Strong influencing and partnership skills, including with senior FLU and Risk leaders.
• Develop strategic solutions broadly across Risk, prioritizing and influencing for needs.
• Excellent writing and presentation skills.
• At least 3-5 years of relevant experience with the ability to work in a large, complex organization, and influence various stakeholders and partners, preferably within the financial industry.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range$81,900.00 - $135,700.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.