Risk Analysis Specialist II - Allowance and Credit Risk 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

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

The Enterprise Credit and Global Banking Risk (ECGBR) Chief Operating Office team is looking for a hands-on, Risk Analyst to support the quarterly allowance and credit risk reporting processes, macroeconomic analysis, and committee reporting for the Company’s allowance for credit losses.  

The role requires analyzing credit risk and macroeconomic data for various reporting routines. The analyst will also be responsible for monitoring evolving credit risk topics, like current events, and helping to prepare updates for senior management. The role will largely include updates on the macroeconomic outlook for top of house allowance reporting, providing an opportunity to understand the economic landscape and assess the impacts to our portfolio, but will also allow for an understanding of the allowance process working closely with the allowance team.  The candidate will also help to support other key priorities for the ECGBR organization, including (i) supporting key messaging and deliverables related to the overall credit story for the company, (ii) monitoring ECGBR’s single process inventory related to top of house reporting, and (iii) providing other ad hoc business support across the organization, giving opportunity to the analyst to interact with senior members of ECGBR. 
 
A successful candidate will have an interest in contributing to the holistic and strategic picture of the allowance for credit loss process, be analytically driven and have the ability to translate complex concepts into actionable insights for management committees and regulators. 
 
The position will provide a well-rounded, balanced role with opportunities for interaction with risk and finance partners as well as senior management.  
Strong analytical, communication, and presentation skills are required.

Required Qualifications:

• Bachelor's degree required, (accounting, finance, risk a plus) 
• 3+ ye