Risk Analysis Specialist II

Bank of America•Charlotte, NC

About The Position

The Commercial Regulatory Asset Quality Reporting analyst prepares, analyzes, and governs internal and external commercial asset quality reporting. The role supports data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. It partners with Global Regulatory Reporting, Accounting Policy, Credit Risk, Loan Operations, Data Management, and Internal and External Audit teams to ensure key credit-related disclosures and regulatory filings are accurate, complete, and timely. The analyst reviews portfolio and credit trends, supports data extraction and reporting processes, explains fluctuations in credit metrics, and helps address ongoing data needs in partnership with Technology. The role also supports executive and ad hoc analysis, audit and regulatory requests, reporting controls and documentation, and process improvements through automation.

Requirements

Bachelor's degree required; accounting, finance, or risk is a plus.
Minimum 3 years of regulatory reporting, financial analysis, or credit risk reporting experience.
Exceptional attention to detail and ability to manage multiple priorities under tight deadlines.
Experience leveraging tools such as Alteryx, SQL, Power BI, Tableau, MicroStrategy, or VBA.
Proficiency in Microsoft Excel.
Strong communication and stakeholder management skills, including the ability to explain complex information clearly to technical and non-technical audiences.
Self-motivation, ownership, intellectual curiosity, and problem-solving ability.

Nice To Haves

Experience with commercial credit risk reporting and regulatory disclosures.
Familiarity with Credit Risk Platform (CRP).
Familiarity with eLedger or General Ledger accounting systems.
Strong analytical and financial acumen, with the ability to translate data into meaningful business insights.
Experience working across multiple projects and business partners in a fast-paced environment.

Responsibilities

Prepare monthly and quarterly commercial asset quality reporting for internal management and external disclosures, including support for SEC filings (10-Q, 10-K, and Earnings Releases), FR Y-9C, and FFIEC 031 Call Reports.
Ensure reporting is accurate, complete, and aligned with established governance standards.
Research and analyze credit data, including net credit losses, loans, delinquencies, nonperforming balances, and criticized balances; prepare variance analyses explaining fluctuations.
Support ad hoc analyses and executive reporting on commercial credit performance and risk trends.
Respond to requests from Internal Audit, External Audit, Independent Testing, SOX reviews, and regulatory examinations.
Maintain documentation, procedures, controls, reporting playbook activities, and governance processes in line with internal standards and regulatory expectations.
Identify and implement opportunities to streamline reporting and enhance controls through automation.
Support the development and execution of reporting that helps Risk and business partners identify and manage risk.
Analyze portfolio trends, loss trends, data design, and portfolio dynamics to ensure alignment with business strategies.
Provide analytical support for 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 analytical techniques to aggregate data.
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 requirements.