Risk Analysis Specialist II - Consumer Credit Card & Other Consumer Allowance

Bank of America • Charlotte, NC

9d • Onsite

About The Position

The Risk Analysis Specialist II supports Bank of America’s Consumer Allowance team, primarily covering Credit Card and Other Consumer portfolios. The role supports the allowance function for US GAAP and the bank’s legal entities by developing reserve analyses, forecasting portfolio performance, monitoring emerging risks, supporting quarter-end allowance production, contributing to regulatory and financial reporting, and preparing materials for allowance governance and executive reporting. The position provides exposure to CECL methodology, portfolio forecasting, model performance assessment, and regulatory engagement.

The specialist partners with Consumer Allowance leadership, Finance, Line of Business partners, Global Risk Analytics, and Model Risk Management to evaluate portfolio performance and reserve adequacy. The role also interacts with risk and finance teams, statistical modeling teams, senior management, auditors, and regulators. It supports data and technology requests, complex reporting and analysis, and modeling used to manage risk and minimize credit and operating losses, working with Technology on changes needed to meet ongoing data needs.

The position is located in Charlotte, North Carolina. Bank of America describes its culture as inclusive and committed to teammate wellness, development, performance recognition, and community impact. The bank has an in-office culture with attendance requirements and role-specific flexibility. This is a first-shift position with a 40-hour workweek.

Requirements

• Bachelor’s degree required, with accounting, finance, or risk noted as a plus; alternatively, 4+ years of experience with a financial institution.
• Advanced Excel skills, including the ability to work with complex functions.
• Analytical ability and financial acumen, including systematic use of inductive and deductive reasoning to examine information, interpret results, and reach well-founded conclusions.
• Self-starter who demonstrates initiative, connects information, and maintains ownership of work.

Nice To Haves

• Strong attention to detail in all aspects of work.
• Strong communication skills, conveying information and ideas through varied channels in a way that engages and impacts individuals or groups.
• Ability to work on a variety of projects.
• Ability to anticipate stakeholder follow-up questions and challenges.
• Strong organization and writing skills.
• Teamwork and ability to foster collaboration among team members and business partners across the enterprise.
• Resourcefulness in acquiring relevant information to support key decisions.
• Accounting, finance, or risk academic background.

Responsibilities

• Support quarterly allowance estimation and forecasting for Credit Card and Other Consumer portfolios.
• Analyze portfolio performance, loss trends, payment behavior, credit quality indicators, and emerging risks that may affect reserve levels.
• Analyze model output, forecast assumptions, and portfolio trends to identify drivers of reserve movements and emerging risks.
• Develop reserve analyses, forecasts, and recommendations for management’s allowance assessment process.
• Prepare recurring and ad hoc reporting for quarter-end allowance reviews, governance discussions, and ongoing support for Risk, Finance, Line of Business partners, and Executive Management.
• Partner with modeling teams to understand model performance, key assumptions, portfolio impacts, and emerging model risks.
• Assist in developing forecast scenarios and reserve outlook analyses.
• Prepare executive presentations, management reporting, earnings support materials, and governance documentation communicating portfolio performance, reserve drivers, forecast results, and emerging risks.
• Support regulatory examinations, internal audits, model reviews, and governance activities by developing analyses and supporting documentation.
• Support quarterly financial reporting, including analyses, commentary, and materials for earnings presentations, 10-Qs, 10-Ks, and other regulatory reporting requirements.
• Collaborate across Risk, Finance, Consumer Credit, and Enterprise Stress Testing on allowance-related initiatives.
• Identify opportunities to improve reporting, analytics, controls, and process efficiency through automation and enhanced data solutions.
• Maintain documented procedures and strong control practices for the allowance process.
• Support reporting development and execution so Risk and business partners can identify and manage risk.
• Analyze trends and support data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies.
• Provide analytical support for product strategic initiatives affecting multiple Risk functions and lines of business.
• Participate in developing database production processes and senior management performance reports using data mining and other advanced analytical techniques.
• Respond to complex ad hoc information requests from internal and external parties.
• Support cross-functional efforts to remediate data quality issues.
• Monitor control outputs and investigate alerts from control checks.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level