Financial Risk Analytics Sr. Specialist

Bank of America • New York, NY

5d • Onsite

About The Position

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! This job is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB. Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance.

Requirements

• Minimum of 2-3 years of risk management, risk quantitative/qualitative modeling or other experience in the financial services industry
• Proficiency with analysis of financial data and quantitative techniques (linear/logistic regressions, clustering algorithms, data transformation techniques, etc.)
• Proficiency with programming (Python or R) and Excel
• Strong analytical mindset and effective problem-solving skills
• Attention to detail and ability to work with minimal supervision
• Ability to extract, analyze, and merge data from disparate systems
• Experience with data analytics and visualization tools (e.g., Tableau, Alteryx, MicroStrategy)
• Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Demonstrates commitment to excellence by anticipating needs, mitigating risks and minimizing potential problems
• Ability to multi-task with excellent time management skills, manage projects and pivot between tactical and strategic tasks

Nice To Haves

• Prior exposure to liquidity, capital or interest risk management a plus

Responsibilities

• Assists in establishing and overseeing the risk management governance structure for the Line of Business (LOB)
• Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
• Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
• Ensures adherence to the policies and procedures established by the company
• Supports the management of risk requests, breach remediations and providing risk effective challenges for front line units
• Support execution of horizontal risk programs within EFR focused on liquidity, interest rate risk, and capital through execution of timely and forward-looking analysis and implementation of analytical tools, including but not limited to:
• Collaborate with risk managers in order to understand their priorities, timelines, requirements for analysis and tools, and feedback on analytical work
• Replication of CFO data sourcing, model implementation, and reporting for key models
• Implementation of sensitivity exercises to measure impact of key assumptions and development of benchmark approaches to address limitations
• Preparation of presentation materials to facilitate review and discussion of risk measurement issues with senior management, auditors, and regulators
• Contributions to peer review of analytical work and code to ensure delivery by team of error-free work that integrates the best ideas
• Provide support and training for analytical tools, and maintain documentation to ensure compliance with Bank policies governing models and applications
• Provide support to broader Financial Risk Analytics and Reporting team as needed to support build of new risk metrics and reports

Benefits

• access to paid time off
• resources and support to our employees

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed