Risk Analysis Specialist

Risk Analysis Specialist

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

This job is responsible for supporting analytical requests, reporting and analysis, and assisting with modeling activities to help manage risk and minimizing credit and operating losses. Key responsibilities include analyzing portfolio trends, developing data sets or queries to extract data, and supporting the production of internal and external reporting needs. Job expectations include effectively supporting information and insights which have significant regulatory impact, financial accountability, and direct impact to business policies and goals.

Responsibilities include :

• Supports the development and execution of reporting to allow risk and business partners to effectively identify and manage risk in an effective manner
• Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
• Supports 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, using data mining and other advanced analytical techniques to aggregate data
• Support responses to ad-hoc requests for information from both internal and external parties
• Provides support on efforts to remediate data quality issues
• Assists with monitoring the outputs of controls and investigates alerts from the control checks

The role sits within the Prime Clearing Analytics and Data Services (PCADS) - Counterparty Credit Risk (CCR) Limits Monitoring and Exposure Explains team, responsible for investigating the root cause of counterparty credit risk limit exceptions, notifying relevant stakeholders of findings, and escalating unapproved limit breaches through a Governance Forum.

Perform in-depth daily analysis into the bank's Counterparty Credit Risk (CCR) trading activity against credit limits or against restricted counterparties or with restricted products across all Lines of Business, on a global scale. Perform portfolio level exception analysis at the global and legal entity levels. Identify and explain key drivers of trading violations. Determine escalation of unapproved trades and raise to the relevant Credit Forums. Work directly with the Credit Risk Officers to assist them in using this analysis to make better limit utilization decisions. Raise issues with upstream data providers where necessary along with quantifying impact. Work with the wider CCR Lines of Business, Enterprise Credit and Project Tech teams to identify and quantify system and trading limitations resulting from violation investigations and analysis. Perform longer term trend analysis across CCR portfolios to identify and remediate systemic themes. Assist in the production of communication materials for senior management, governing committees and regulatory bodies.

Required qualifications include :

Desired qualifications include :

Skills include :

Shift : 1st shift (United States of America)

Hours Per Week : 40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.