Job Description

Risk Analyst Executive

New York, New York;Jersey City, New Jersey

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Job Description:

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. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Key responsibilities include driving the data strategy to support the complex data needs of Global Risk Management. Job expectations include effectively leading information and insights which have significant regulatory impact, financial accountability, and direct impact to business policies and goals in an effective manner.

Responsibilities:

• Define implement elements of our data strategy to promote data re-use, efficient data sourcing and improved data quality.

• Sets strategic priorities and owns initiatives affecting multiple risk functions and lines of business to ensure company goals are met

• Leverages knowledge of end-to-end processes, related regulations, and multi system platforms, often involving multiple products/portfolios, to achieve business objectives.

• Monitors the outputs of controls and ensures alerts from the control checks are managed effectively

Requirements:

• Metadata management

• Data Quality

• Project Management

• Regulatory Relations

• Risk Management

• Stakeholder Management

• Business Acumen

• Continuous Improvement

• Issue Management

• Risk Analytics

• Adaptability

• Attention to Detail

• Data Visualization

• Data and Trend Analysis

• Minimum ten years' experience

Line of Business Job Description:

Global Risk Management (GRM) leads bank-wide initiatives for management of all aspects of risk, including strategic, market, credit, compliance, liquidity, operational, model and reputational risk matters to support sustainable, profitable corporate growth.

In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we have established the Data Strategy & Management (DSM) function. A key pillar of this function is a growing Strategic Coordination and Implementation (SCI) team.

Under DSM Executive's leadership, the team will develop a holistic vision on how best to structure data sourcing and data quality control strategy for GRM so it can unlock business value. This role provides you with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to co-develop data solutions for GRM that drive the greatest value across the organization.

ROLE DESCRIPTION

This role will collaborate with the GRM Data Stewards, Data Users, Data Owners, and Technology Teams to understand and assess their data, processes, and technology to support strategic data initiatives, remediate deficiencies, and drive business requirements.

• Consult with data stewards, process owners, subject matter experts, technical experts, end users and other stakeholders to gather information about the current and target state business process, data attributes and data sources, control features, interfaces with other systems required

• Document and provide definitions for processes and procedures, data models, data quality controls, data lineage, and data dictionaries using industry standard methods including business process descriptions, use cases, scenarios, diagrams, flow charts, etc.

• Analyze information gathered from multiple sources, reconcile conflicts, segment high-level information into details, and abstract up from low-level information to a general understanding

• Assess and identify deficiencies against internal policies and standards or industry best practices, providing formal recommendations and requirements to remediate

• Collaborate and partner with technology teams, architects, and other key stakeholders to drive solutions which provide ongoing operational excellence and resiliency to metadata and control environment challenges

• Review and provide input to technical solution designs from a business point of view and recommend alternatives

• Communicate plans, progress and risks appropriately to the stakeholders and sponsors

YOUR IMPACT

• Serve as subject matter expert - build deep knowledge of data domains, supporting systems, data governance, and financial services risk management concepts

• Drive quality and consistency - develop standardized templates, tools, design practices to promote high quality deliverables and consistent practices across GRM lines-of-business

• Drive innovation - solve complex data-related problems for GRM process owners using a variety of technical and analytical skills

• Own your project - manage and monitor project execution - from requirements to sourcing and evaluating the fit-for-purpose data - working with all the stakeholders across GRM, Business and Technology

SKILLS FOR SUCCESS

Technical Expertise

• Demonstrates the application of innovative technical solutions to solving complex data intensive challenges

• Has or develops a depth of product understanding, including the ability to conceptualize solutions and employ a structured framework to evaluate features to drive definitive and strategic product decisions

• Strong understanding of databases, data structures, data modeling and data mapping

• Understanding of business process modeling, data provisioning modeling, and entity relationship modeling

• Comfortable with the application of digital technology and inclusion of metadata, lineage, and controls as part of application design

Execution Expertise

• Ability to drive execution through disciplined oversight

• Ability to interpret and evaluate client's data requirement needs

• An understanding of operational risk in complex data flows and how to design appropriate data quality controls.

• Excellent verbal and written communication skills

• Resourceful and knows how to cultivate relationships

• Ability to work with a variety of different stakeholders and cross-functional teams

• Strong organizational and critical thinking skills

• Ability to lead and facilitate meetings and groups

• Skilled in fact-finding and data collection with strong attention to detail and precision

• Demonstrates an ability to set objectives and organize work appropriately to meet and exceed goals

BASIC QUALIFICATIONS

• 10+ years of experience in data-related roles.

• Bachelors or Masters in computer science, system analysis, Information Systems or related field

• Strong process/systems analysis, design and documentation

• Strong analytical, critical thinking, and problem-solving skills

• Ability to monitor tight deadlines and adapt to unexpected requirement changes

• Strong written and verbal communication skills and ability to lead discussions with counterparts

• Self-motivated with an ability to work on one's own with a strong sense of ownership and accountability in high-pressure situations

• Strong Understanding of Risk Management and Data Management Principles

PREFERRED QUALIFICATIONS

• 5+ years working with data in one of the following areas - Trading, Consumer Banking, Wealth Management, Transaction Banking

• Understanding or experience of programming in SQL, C/C++, Java

• Familiarity with databases, such as Oracle, Hadoop, etc

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.

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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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

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