Risk Analysis Specialist II at Bank of America

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 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

• Analyzing and communicating model results to model stakeholders, including enterprise credit and credit risk, allowance, model development, model risk, senior management, and regulators
• Applying quantitative methods and business/economic expertise to develop model overlays that meet risk management, line of business, and regulatory requirements
• Monitoring current and emerging risks to wholesale clients (e.g. rising interest rates, persistent inflation, etc.) and considering impact on the wholesale portfolio and forecasts
• Demonstrated ability to clearly articulate to senior stakeholders model results and overlays at a level of detail commensurate with the given audience Role will interact with a wide variety of stakeholders including enterprise credit and credit risk, model developers, model risk management, allowance, finance, and capital.
• Forecast Administration and Analytics employees possess a broad set of skills necessary to evaluate financial risk, produce regulatory reporting and evaluate portfolio risk for emerging, systemic, concentration and idiosyncratic risks.
• They collaborate with business partners to identify risk mitigation strategies. They possess high levels of skill in portfolio analysis, financial analysis and data visualization. The team welcomes a diversity of thoughts and experiences grounded in a core set of competencies with the ability to connect data points from across the enterprise.

• Bachelor's degree in Finance, Accounting, Economics, Business, or related field. Alternatively, a bachelor's degree in a technical field (i.e: engineering, computer science, mathematics, statistics, etc.) and a demonstrated interest in finance and markets.
• Masters in one of the aforementioned subjects a plus. Progress toward (or completion of) CFA a plus, Ability to identify key industry drivers, excellent quantitative skills and judgment in the field of research. The candidate must be able to thrive in a fast-paced and intense environment, be intellectually curious about drivers of the economy, industry & company performance and consumer behavior
• Strong economic and financial skills and a keen interest in markets, economics, and worldwide current events
• Strong writing and spreadsheet skills
• Must be an expert in MS Excel, experience working with statistical packages and/or programming experience preferred
• Must have excellent communication skills, written and verbal
• Must have strong attention to detail, ability to multi-task
• Must work well in a collaborative team environment and be exceptionally driven
• Some knowledge of Tableau, SQL, Python.
• Good understanding of current US regulatory environment

• 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

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