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!
Team Overview:
Enterprise Independent Testing (EIT) is a sub-line of business within Global Risk Management (GRM). EIT is responsible for developing consistent and coherent analytical tools and tests for effective risk and capital measurement, management, and reporting across Bank of America. EIT partners with the Lines of Business and Enterprise function to ensure the capabilities it builds address both internal and regulatory requirements and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, EIT drives innovation, process improvement, and automation.
EIT is transforming the way testing is built and executed through digital transformation, automation, and cutting-edge artificial intelligence and natural language processing technologies. EIT carries a portfolio of 8,000+ tests and has a global footprint of testing professionals across the United States, Europe, Asia, and Latin America, as well as Global Business Services (GBS) associates.
Job Description:
Enterprise Independent Testing (EIT) serves as the enterprise utility for independent testing across the Bank's end-to-end processes, controls, and risk management programs.
This role supports the design and execution of risk-based testing strategies that provide insights into process effectiveness, control performance, and compliance with regulatory and internal requirements. The position partners closely with business leaders, process owners, risk managers, and compliance professionals to identify risks, evaluate controls, and drive continuous process improvement.
Successful candidates will combine strong analytical and problem-solving skills with business acumen, process management experience, and the ability to translate data into meaningful risk and operational insights.
Responsibilities:
- Embodies EIT core skills: critical thinking, decisiveness, enterprise mindset, proactivity, project management, risk management, adaptability, collaboration, customer and client focus, effective written and verbal communication, and control rigor and discipline
- Partner with business, risk, and control stakeholders to understand end-to-end processes, risks, controls, and performance outcomes.
- Design and execute testing methodologies that evaluate process effectiveness, control performance, and compliance with regulatory and internal requirements.
- Support the ongoing enhancement of testing methodologies, monitoring capabilities, and reporting frameworks.
- Partner with data and technology teams to leverage automation and analytics capabilities where appropriate.
- Contribute to enterprise initiatives focused on operational excellence, risk management, and continuous improvement.
Required Education & Experience:
- Bachelor’s degree or above in fields including, but not limited to, Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, or Business Administration, or equivalent work experience
- 2 Years of relevant work experience
Required Skills
- Process analysis and business process improvement
- Risk management and control assessment
- Data analysis and problem-solving
- Test design, execution, and reporting
- Stakeholder management and relationship building
- Written and verbal communication
- Governance and issue management
- Project management and prioritization
- Critical thinking and decision making
Preferred Skills
- Experience using data analytics tools to support testing and monitoring activities
- Familiarity with SQL, Python, Alteryx, Tableau, Power BI, or similar analytical tools
- Experience supporting risk, audit, compliance, operations, or control functions within financial services
- Exposure to process automation or workflow improvement initiatives
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NJ - Jersey City - 525 Washington Blvd (NJ2525)Pay and benefits informationPay range$64,100.00 - $109,700.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.Skills Required
- Bachelor's degree or higher in Finance, Economics, Mathematics, Computer Science, Statistics, Engineering, Operations Research, Data Science, Accounting, Business Administration, or equivalent work experience
- 2 years of relevant work experience
- Ability to understand organizational processes, evaluate efficiencies, and identify process improvement opportunities
- Ability to design and document tests measuring process and control effectiveness and compliance
- Ability to produce testing results, reporting, and data-driven insights
- Understanding of the end-to-end test development life cycle
- Strong computational programming skills using Spark, R, C, Java, YAML, or similar languages and scripts
- Strong programming skills using Python and its packages
- Understanding of the software engineering life cycle
- Experience developing and maintaining complex databases and data sets
- Ability to design, deploy, and refine predictive programming algorithms for automation
- Business acumen and domain knowledge across relevant product, business, and technical domains
- Creative and effective problem-solving skills
- Attention to detail and ability to write clean, maintainable code
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.
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Healthcare Strength — Health coverage is described as comprehensive, including medical, dental, and vision plans along with mental health resources, EAP support, and virtual care options. These offerings indicate breadth across preventive care, counseling, and convenient access channels.
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Retirement Support — Retirement benefits include up to a 5% 401(k) company match plus an additional 2% or 3% annual company contribution based on years of service. This structure signals meaningful long-term savings support beyond standard matching.
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Parental & Family Support — Family support features 26 weeks of parental leave, with 16 weeks fully paid for eligible employees, plus programs for fertility, adoption, surrogacy, childcare, and backup care. These resources emphasize support across family-building and caregiving needs.
Bank of America Insights
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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