What are the responsibilities and job description for the Vice President/Risk Analysis Manager position at Bank of America?
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
RESPONSIBILITIES:
Support multi‐functional/inter‐departmental work streams for complying with accounting standard - Current Expected Credit Loss (CECL).
Work closely with model development teams in Global Risk Analytics and perform in depth quantitative analysis using statistical techniques.
Develop model design, calibration, risk sensitivity and quantitative techniques to support engagement with and presentations to key stake holders (Senior Management, Model Risk Management, audit and regulators).
Use statistical techniques to develop methodologies to support CECL, CCAR Stress testing.
Develop analytical tools leveraging data visualization software such as Tableau that can be used to produce reports to aide management in making informed business decisions.
Develop and plan quantitative processes to support reserves assessment for high risk industries.
Recommend software/database enhancements and coordinate with technology partners.
Review and analyze model results, and diagnose problems to deliver results to downstream users within specified service-level agreement (SLA) and ensure customized requirements are met.
Use Tableau, Alteryx and SQL to perform analysis and manipulate large, complex data sets and support reporting and other user requests.
Prepare analysis and succinctly present information/materials to senior management and other internal or external stakeholders.
Research credit risks and macro-economic trends for a variety of industries using 3rd party information and/or internal company subject matter experts.
REQUIREMENTS:
Bachelor's degree or equivalent in Mathematics, Statistics, Economics, or related; and
5 years of progressively responsible experience in the job offered or a related Quantitative occupation.
Must include 5 years of experience in each of the following:
Reviewing and analyzing model results, and diagnosing problems to deliver results to downstream users within specified service-level agreement (SLA) and ensure customized requirements are met;
Using Tableau, Alteryx and SQL to perform analysis and to manipulate large, complex data sets and support reporting and other user requests;
Preparing analysis and succinctly present information/materials to senior management and other internal or external stakeholders; and,
Researching credit risks and macro economic trends for a variety of industries using 3rd party information and/or internal company subject matter experts.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
EMPLOYER: Bank of America N.A.
Shift:
1st shift (United States of America)Hours Per Week:
40
