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

Bank of America • Charlotte, NC

7d • Onsite

About The Position

The Risk Analysis Specialist II supports the Consumer Allowance team within Bank of America’s Credit Risk Information Strategy and Allowance (CRISA) team, which sits within Enterprise Credit Risk and supports the allowance function for US GAAP and the bank’s legal entities. The role primarily focuses on the Credit Card and Other Consumer portfolios.

The specialist supports reserve analyses and forecasting of portfolio performance, monitors emerging risks, assists with quarterly allowance production, contributes to regulatory and financial reporting, and prepares materials for allowance governance and executive reporting. The role provides exposure to CECL methodology, portfolio forecasting, model performance assessment, and regulatory engagement. It partners with Consumer Allowance leadership, Finance, Line of Business partners, Global Risk Analytics, and Model Risk Management to evaluate portfolio performance and reserve adequacy, with opportunities to interact with risk and finance teams, statistical modeling teams, senior management, auditors, and regulators.

The position is located in Charlotte, North Carolina. It is a first-shift role with a 40-hour workweek. Bank of America describes its culture as in-office, with office-based attendance requirements and role-specific flexibility.

Requirements

• Bachelor’s degree required, with accounting, finance, or risk noted as relevant areas, or 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 applying inductive and deductive reasoning to examine information, interpret results, and reach well-founded conclusions.
• Self-starter who demonstrates initiative, connects information, and maintains a sense of ownership.
• Strong analytical, communication, presentation, and time management skills.

Nice To Haves

• Strong attention to detail.
• Strong communication skills, including conveying information and ideas through varied channels in a way that engages and impacts the audience.
• Ability to work on a variety of projects.
• Ability to anticipate stakeholders’ follow-up questions and challenges.
• Strong organization and writing skills.
• Teamwork skills and ability to foster collaboration among team members and business partners across the enterprise.
• Resourcefulness in acquiring relevant information to support key decisions.

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 performance trends to identify reserve movement drivers and emerging risks.
• Develop reserve analyses, forecasts, and recommendations to support management’s allowance assessment.
• 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 with partners 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 supporting the allowance process.
• Support the development and execution of reporting that helps Risk and business partners 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.
• Work with Technology to implement changes needed to support ongoing data needs.

What This Job Offers

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