Risk Analysis Specialist II (Counterparty Credit Risk (CCR) Reporting)

Bank of America•Jersey City, NJ

1d•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 supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include reviewing and analyzing portfolio trends, supporting 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.

Requirements

Bachelor's degree or equivalent work experience
2+ years of experience in a reporting role
Experienced using SQL (Oracle Exadata) and in particular, extracting data with complex queries
Proficient using SQL Server Reporting Services (SSRS) and/or Tableau
Strong Excel skills, including pivot tables, lookups, data analysis and data connections
Advanced analytical skills that demonstrate ability to learn how to navigate systems, access data, reconcile numbers from different sources, identify discrepancies and understand drivers of change within data
Knowledge of counterparty credit risk and traded products
Capacity to quickly assimilate complex information and provide analysis tailored to suit the audience
Displays intellectual curiosity to challenge the status quo and tackle challenging problems

Nice To Haves

Experience working with Quartz, Zinc and QzTrades
Knowledge of Bank of America systems – Credit Studio, Zinc, Sparck and CRP
Knowledge of financial products beyond CCR and traded products
Experience working with an Agile development process and collaborating with technology partners
Confident with data management and governance including BCBS 239

Responsibilities

Supports the development and execution of reporting to allow Risk and business partners to effectively identify and manage risk
Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
Provides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met
Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
Supports with responding to complex ad-hoc requests for information from both internal and external parties
Provides support on cross-functional efforts to remediate data quality issues
Monitors the outputs of controls and investigates alerts from the control checks
Develops, executes and enhances reporting and analysis that allows our risk and business partners to identify and manage credit risk, ensuring that Bank of America can deliver responsible growth within our risk framework.
Develops, executes and maintains counterparty credit risk reporting and dashboards.
Responsible for some of the team's over 40 CCR reports and dashboards with a global audience, including high visibility reporting such as risk appetite, portfolio reporting and Institution-to-Institution Credit Exposure (IICE) reporting.
Provides appropriate data and analysis for ad-hoc business requests, working closely with other teams as necessary.