Bank of America-posted 8 days ago
Full-time • Mid Level
Onsite • Charlotte, NC
5,001-10,000 employees

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 performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams. The Student and Credit Builder Account Management team is seeking an Analyst responsible for managing proactive batch strategies and reactive client requests for Consumer Card credit line increases and graduation. The primary focus is to create, augment, and monitor account management strategies within emerging Card products (Student and Credit Builder). Key responsibilities include determining strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching and developing associates, and partnering across technology, product, finance, legal, compliance, and risk leadership to drive responsible growth.

  • Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
  • Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
  • Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
  • Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
  • Proven analytical ability as demonstrated through 5+ years related work experience with 2+ years in a finance, credit, or risk analysis role.
  • Expertise manipulating data (Teradata, SAS datasets) and using analytical tools such as Python, SAS, and/or SQL
  • Excellent verbal and written communication skills, particularly technical writing and organizational skills
  • A passion for learning and using data to derive trends, detect risks, and execute strategy projects
  • Demonstrates a strong understanding of credit risk strategies, financial drivers, and credit operations with proven problem-solving skills
  • Proficient in Microsoft Excel (pivot tables, functions, formatting, charts)
  • Effective project management, ability to collaborate, manage, and expand relationships across the organization and with all levels of management
  • 4+ years experience using database software and analytical/reporting tools, such as SAS, SQL and/or Python, to access large relational data
  • Bachelor’s degree in mathematics, statistics, computer science, engineering, economics, finance, or a related quantitative discipline
  • Expertise in identifying, assessing and mitigating risk with models.
  • Familiarity with best demonstrated model risk management practices and proficiency in regulatory frameworks
  • Prior experience with credit or fraud strategies and knowledge of policies for consumer and/or small business lending
  • Previous experience in developing credit risk strategies or models preferred
  • Analytic work experience in support of consumer or small business lending
  • Strong working knowledge of the process and tools used for development, validation, implementation and documentation of scoring toolkits
  • Passionate self-starter who is highly motivated to help the organization achieve its goals and thrives in fast-paced and highly dynamic environment
  • Must be decisive, a team-player, client focused, creative, strategic, and be a thoughtful risk-taker
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service