Risk Analysis Specialist II

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:

Bank of America has an opportunity for a Risk Analysis Specialist II within the Alternative Modelling Group (AMG), a Global Risk Analytics (GRA) team.

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). The GRA team provides quantitative capabilities supporting global risk management and capital management and develops a consistent set of risk and capital models and analytical tools that support decision making across the bank.

As part of GRA - Alternative Modelling Group (AMG) builds alternative models, using innovative methods, which challenge and benchmark risk and capital champion models across the enterprise; and has a vision to challenge what is possible across Risk and Capital Modelling.

AMG are looking for a high-quality self-starter to drive forwards the Business Support and Project Management function within the team. The successful candidate will be able to successfully manage multiple high profile and technical projects to tight deadlines for senior stakeholders; as well as support the Business Management function across a number of areas. There is a need to drive forward opportunities to create efficiencies through automation and to shape how the team conducts its business management and project management processes.

There will also be opportunities to grow the role into other areas of business management and modelling activities, with training provided on the job.

Responsibilities:

• Responsible for running multiple technical projects concurrently, particularly the implementation of models onto the organisation’s target-state infrastructure, ensuring adherence to team business practices as well as Enterprise project governance and Change Management standards
• Additionally responsible for business management processes as agreed with Business Management Lead
• Support delivery through strong project management practices and provide project management expertise to modelers
• Provide Project Management Office (PMO) capabilities across teams within AMG. This will include QA/QC on JIRA tasks; governance; Model Development Lifecycle tracking, reporting and routines management
• Provide business support to AMG team leads as necessary – this may include capacity planning, reports and returns, hiring activities, managing routines, etc.
• Explore opportunities to automate project management and business management processes and reporting
• Explore ways to optimize the team operating model for project management and business management practices
• Work under minimal supervision on these goals and develop effective working relationships with stakeholders inside AMG and across GRA

What we are looking for:

• Self-motivation, self-direction, organizational skills and the ability to manage multiple priorities in a complex fast paced environment without sacrificing quality or timelines
• Has a ‘control’ oriented experience and mindset
• Demonstrable project and business management experience
• Willingness to be accountable for meeting all deliverable dates for task assignments Proven track record of identifying sub-optimal processes and then fixing them
• Proficient with Microsoft Office suite
• Process oriented and detailed oriented
• Positive attitude and open to feedback
• Excellent written and verbal communication skills, including to senior audiences
• Ability to foster strong collaboration among team members and help team solve problems
• Able to work independently with limited supervision

Skills that will help:

• Experience in financial services or a related field
• Excellent proficiency and hands-on experience with JIRA (Horizon tools)
• Working knowledge of risk management
• Programming skills including Tableau, Python, Alteryx, SQL – or the desire to learn these 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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range

$72,000.00 - $134,400.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.