Risk Analysis Manager

Bank of America • Charlotte, NC

22h • 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 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 leading a team supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include managing the review and analysis of portfolio trends, directing 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. The IFRS9 Allowance Manager will: Lead Allowance reporting (forecast and close) for multiple international legal entities Lead stakeholder interaction to communicate results in committees and other forums, troubleshoot and handle questions and other analysis Lead decisions or adjustments to ensure the Allowance estimates are reasonable and supportable, we have adequate reserves at managed levels, and is consistent with our enterprise view and external communications Drive the quarterly build out of the allowance forecast to ensure a consistent narrative after the to socialize with partners Lead Allowance results for ICAAP, stress requirements Lead or assist with regulatory exams, external audit in inquiries, internal audits and support external financial statement reporting Assist with model risk management requirements and processes Coordinate with GRA teams, coach and guide analysts to help support the above responsibilities Evaluate technology investments, as required, to enhance the above responsibilities, driving process improvement and transparency with business partners Maintain appropriate documented procedures and controls

Requirements

• 4 + years' experience
• Strong communication, presentation skills and influencing skills
• Ability to manage competing priorities
• Ability to integrate across various teams
• Analytical, Finance, risk, and/or accounting background
• Strong excel skills
• Strong analytical skills and attention to detail

Nice To Haves

• Risk Management experience
• Skills: Business Intelligence
• Data Visualization
• Issue Management
• Project Management
• Risk Management
• Business Acumen
• Continuous Improvement
• Risk Analytics
• Stakeholder Management
• Technical Documentation
• Adaptability
• Attention to Detail
• Data and Trend Analysis
• Performance Management
• Regulatory Relations

Responsibilities

• Develops, executes, and enhances reporting to allow Risk and business partners to effectively identify and manage risk
• Manages the analysis of trends and oversees the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
• Serves as a liaison between the data, technology, and reporting teams in support of strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met
• Manages database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
• Responds to complex ad-hoc requests for information from both internal and external parties
• Leads cross-functional strategic efforts to remediate data quality issues
• Provides oversight of relevant systems and assures controls are operating effectively by monitoring outputs
• Lead Allowance reporting (forecast and close) for multiple international legal entities
• Lead stakeholder interaction to communicate results in committees and other forums, troubleshoot and handle questions and other analysis
• Lead decisions or adjustments to ensure the Allowance estimates are reasonable and supportable, we have adequate reserves at managed levels, and is consistent with our enterprise view and external communications
• Drive the quarterly build out of the allowance forecast to ensure a consistent narrative after the to socialize with partners
• Lead Allowance results for ICAAP, stress requirements
• Lead or assist with regulatory exams, external audit in inquiries, internal audits and support external financial statement reporting
• Assist with model risk management requirements and processes
• Coordinate with GRA teams, coach and guide analysts to help support the above responsibilities
• Evaluate technology investments, as required, to enhance the above responsibilities, driving process improvement and transparency with business partners
• Maintain appropriate documented procedures and controls

What This Job Offers

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