Risk Analysis Specialist II - Counterparty Credit Risk (CCR) Reporting

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

This team develops, executes and enhances reporting and analysis that allows our risk and business partners to identify and manage credit risk, ensuring that Bank of America can deliver responsible growth within our risk framework. The team is focused on automation and uses several Business Intelligence (BI) tools to efficiently deliver timely and accurate information. 

The Risk Analysis Specialist will use their business and technical expertise to develop, execute and maintain counterparty credit risk reporting and dashboards. Experience working with Quartz, Zinc and QzTrades will be most useful as the team transitions away from other, legacy data sources.    

The team produces over 40 CCR reports and dashboards with a global audience, including high visibility reporting such as risk appetite, portfolio reporting and Institution-to-Institution Credit Exposure (IICE) reporting. The Risk Analysis Specialist will be responsible for some of these reports. They must have a good working knowledge of SQL and BI tools such as SSRS or Tableau and be able to collaborate with reporting stakeholders and technology partners on changes and enhancements. 

In addition to regular reporting the Risk Analysis Specialist must be capable of working on ad-hoc business requests by providing appropriate data and analysis, working closely with other teams as necessary. They will work with a high degree of autonomy and be aware of the risks of complacently. 

Required Qualifications:

• 2+ years of experience in a reporting/data analytics role
• Experienced using SQL (Oracle Exadata) and in particular, extracting data with complex queries 
• Proficient using SQL Server Reporting Services (SSRS) and/or Tableau  
• Strong Excel skills, including pivot tables, lookups, data analysis and data connections 
• Advanced analytical skills that demonstrate ability to learn how to navigate systems, access data, reconcile numbers from different sources, identify discrepancies and understand drivers of change within data 
• Knowledge of counterparty credit risk and traded products 
• Capacity to quickly assimilate complex information and provide analysis tailored to suit the audience 
• Displays intellectual curiosity to challenge the status quo and tackle challenging problems