Risk Process Analyst

Posted Yesterday
Be an Early Applicant
2 Locations
In-Office
Mid level
Big Data • Fintech • Mobile • Payments • Financial Services • Data Privacy
The Role
Work with EIT and business model/process owners to document, design, develop, execute, and report on models and tests. Source and evaluate data, write model/test code, and communicate findings to stakeholders while maintaining control rigor.
Summary Generated by Built In

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This role is responsible for working closely with teammates in EIT as well as model and process owners in the Lines of Business and Enterprise functions to obtain an understanding of portfolios and processes, including underlying data, flows, and controls so that appropriate models, testing, and monitoring. Key responsibilities include collaborating with key stakeholders across the Bank to identify risks and prioritize modeling and testing needs. Job expectations include documenting and analyzing modeling and testing requirements, sourcing and evaluating data required for modeling and testing, and designing and developing models and tests.

Responsibilities:

  • Embodies EIT/GRA Core Skills: Critical Thinking, Decisive, Leverage Enterprise/ Matrix Management/ Proactive/ Project Management, Manages Risk, Adaptability, Collaborative, Customer, and Client Focus, Communicate Effectively (Written and Verbal), and Control Rigor and Discipline

  • Documents models and tests in a manner that is clear, concise and repeatable

  • Uses programming skills and knowledge of software development lifecycle principles to write model and testing code

  • Executes models and tests

  • Provides reporting of model and test results

  • Communicates key modeling and testing insights to stakeholders across the Bank

Skills

  • Process Design

  • Test Development

  • Programming Languages

  • Software Engineering

  • Problem-solving

  • Growth Mindset

  • Attention to Detail

Minimal Education Requirements:

  • Bachelor’s degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration (or equivalent work experience)

  • Demonstrated strong programming skills (e.g., Python), analytical and problem-solving, and digital fluency

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Skills Required

  • Bachelor's degree or equivalent experience in Finance, Economics, Mathematics, Computer Science, Statistics, Engineering, Operations Research, Data Science, Accounting, or Business Administration
  • Demonstrated strong programming skills (e.g., Python)
  • Experience designing processes and test development for models
  • Knowledge of software engineering and software development lifecycle principles
  • Analytical and problem-solving skills with attention to detail
  • Ability to document models/tests clearly and produce reporting/insights for stakeholders

Bank of America Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.

  • Fair & Transparent Compensation The $25/hour U.S. minimum wage, reaffirmed in recent company materials, sets a clear compensation floor that lifts entry-level and operations pay. Public salary information and disclosures provide visible benchmarks for pay across roles.
  • Parental & Family Support Parental leave extends up to 26 weeks with 16 weeks fully paid for eligible teammates, alongside backup child and adult care and a dedicated Life Event Services team. Family-building assistance offers up to a $20,000 lifetime reimbursement and bereavement leave provides 20 paid days for loss of a spouse, partner, or child.
  • Retirement Support Retirement programs include a 401(k) match up to 5% of eligible pay plus an additional 2–3% annual company contribution based on service. These employer contributions add meaningful long-term value beyond base pay.

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The Company
HQ: Charlotte, NC
208,000 Employees
Year Founded: 1784

What We Do

We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

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