Risk Analysis Specialist III
About The Position
At Bank of America, Global Risk Analytics (GRA), a sub-line of business within Global Risk Management, provides quantitative capabilities supporting global risk management and capital management. GRA develops consistent risk and capital models and analytical tools that support decision-making across the bank. This senior individual contributor and subject matter expert leads the analysis and evaluation of complex data flows and business processes supporting critical enterprise activities. The role uses data analytics, process management, risk assessment, and technology capabilities to identify process weaknesses, data quality concerns, and operational risks, and recommends strategies to improve the completeness, accuracy, timeliness, and effectiveness of business outcomes. The position partners with stakeholders across business, risk, finance, operations, technology, and audit to strengthen process performance and drive sustainable improvements. The position is based at 525 Washington Blvd, Jersey City, New Jersey. It is a first-shift role with a 40-hour workweek. Bank of America describes its approach as an in-office culture with role-specific flexibility based on responsibilities and business needs.
Requirements
- Bachelor’s degree or above in Finance, Accounting, Economics, Business Administration, Information Management, Data Analytics, Statistics, Engineering, or a related field.
- Ability to understand end-to-end workflows, identify inefficiencies, evaluate controls, and drive operational improvements.
- Analytical, quantitative, and problem-solving abilities to assess data flows, identify trends and risks, and develop actionable insights.
- Risk-based approach to identifying, assessing, and mitigating operational, process, and data-related risks while balancing business objectives.
- Ability to use technology, automation, analytics, AI, and data-driven solutions to improve efficiency and strengthen business processes.
- Strong relationship management, communication, stakeholder engagement, and problem-solving skills, including the ability to work across multiple business functions.
- Understanding of financial services, banking, risk management, operations, and governance.
- Experience in regulated environments where data quality, risk management, controls, compliance, and operational resiliency are critical.
- Skills listed: 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, and Regulatory Relations.
Responsibilities
- Lead complex analyses of business processes, data flows, and operational controls to identify data integrity concerns, process defects, risks, and improvement opportunities.
- Recommend strategies to enhance the completeness, accuracy, validity, and timeliness of critical business processes.
- Partner with stakeholders in business, risk, finance, operations, technology, and audit to evaluate process performance, resolve complex issues, and drive sustainable improvements.
- Use data analytics, automation, AI-enabled tools, and quantitative methodologies to identify trends, risks, and opportunities that improve operational efficiency and process effectiveness.
- Develop and deliver insights, reporting, and visualizations communicating process performance, business risks, and improvement opportunities to stakeholders and leadership.
- Serve as a subject matter expert and provide technical guidance and mentorship to teammates in support of governance, issue remediation, and continuous improvement initiatives.
Benefits
- Paid time off.
- Access to resources and support for employees.
- Eligible to participate in the annual discretionary incentive plan; awards are based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
- Benefits eligible; the posting describes the benefits as industry-leading, affordable, competitive, and flexible.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
