Risk Process Analyst

Bank of America•Charlotte, NC

5d•Onsite

About The Position

At Bank of America, the Risk Process Analyst supports the development, execution, and continuous improvement of Enterprise Independent Testing (EIT) capabilities used to assess business processes, controls, and risk management practices across the Bank. The role develops an understanding of end-to-end business processes, associated risks and controls, and the data that supports testing activities. It works closely with business partners, risk managers, and testing teams throughout test development, execution, results analysis, and reporting. The position contributes to all phases of the testing lifecycle through process analysis, data validation, documentation, issue identification, and communication of testing results and insights. It provides opportunities to build expertise in risk management, process analysis, testing methodologies, and data analytics. Bank of America describes its workplace as committed to an in-office culture supporting collaboration, engagement, and career development, with role-specific flexibility based on business needs.

Requirements

Bachelor’s degree or above in a field including, but not limited to, Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, or Business Administration.

Nice To Haves

Attention to detail.
Prioritization and time management.
Risk management.
Business process analysis.
Monitoring, surveillance, and testing.
Risk analytics and data analysis.
Business acumen.
Critical thinking and problem-solving.
Innovative thinking.
Written and verbal communication.
Relationship building and collaboration.
Stakeholder management and influence.
Process improvement.
Adaptability and continuous learning.

Responsibilities

Embody EIT core skills: critical thinking, decisiveness, proactive problem solving, project management, risk management, adaptability, collaboration, effective communication, and control rigor and discipline.
Support the development, enhancement, execution, and maintenance of testing methodologies, analytical tools, and testing scripts used to evaluate process and control effectiveness.
Develop an understanding of business processes, associated risks, controls, data sources, and regulatory requirements to support testing activities.
Assist with gathering, validating, analyzing, and documenting data required for test development and execution.
Execute testing activities in accordance with established methodologies, procedures, and quality standards.
Document testing procedures, observations, results, and supporting evidence clearly, concisely, and repeatably.
Identify, document, and escalate testing exceptions, defects, and process concerns in a timely manner.
Analyze testing results to identify trends, themes, and potential risk indicators.
Collaborate with teammates and business partners to support continuous improvement, automation, and standardization across the testing lifecycle.
Build knowledge of EIT methodologies, operational risk management practices, and banking processes through training, coaching, and hands-on experience.