Risk Analysis Manager

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for leading a team supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include managing the review and analysis of portfolio trends, directing the development of more complex databases or queries to extract data, and supporting the production of data for internal and external reporting needs. Job expectations include working with Technology to implement changes necessary to support ongoing data needs.

Responsible for performing data management, complex analysis and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Would provide data and analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, and performance reports for senior management. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, loss trends, portfolio dynamics. Integrates the analysis team with other corporate units to ensure alignment of analysis with business strategies and objectives.

Role Description:

Responsibilities:

• Develops, executes, and enhances reporting to allow Risk and business partners to effectively identify and manage risk
• Manages the analysis of trends and oversees the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
• Serves as a liaison between the data, technology, and reporting teams in support of strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met
• Manages database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
• Responds to complex ad-hoc requests for information from both internal and external parties
• Leads cross-functional strategic efforts to remediate data quality issues
• Provides oversight of relevant systems and assures controls are operating effectively by monitoring outputs
• Responsible for performing routine and ad hoc complex data analysis, Asset Quality (AQ) reporting and monitoring, portfolio and industry analysis across several LOBs to aid in maximizing profits and asset growth and minimizing credit and operating losses and other risk exposures.
• Provides analytical support on various credit risk strategies to ensure company goals are met.
• Reviews, analyzes, and interprets AQ and industry portfolio trends, loss trends, portfolio dynamics, and risk rating migration to determine root causes, propose and implement solutions.
• Provides analytical support and coordinate the production of AQ performance reports, portfolio reviews, quarterly regulatory updates, industry analysis, forecasting and risk appetite limit setting for Senior Management.
• Maintain and manage reporting, analytics, and Tableau dashboards.
• Develops additional report content using dashboards and other sources.
• Support of ongoing routines, reporting and ad hoc projects related to third party oversight.
• May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling.
• Duties primarily include the regular use of strategic, critical thinking skills and sound, independent judgment.
• A working knowledge of the department or business unit's functional area or product, general bank policies, and programs.

Required Qualifications:

• Bachelor’s degree required.
• Experience in GWIM, strongly preferred.
• Ability to analyze data to draw business-relevant conclusions using data visualization techniques and tools.
• High attention to detail and quality work product(s).
• Ability to manage multiple competing priorities with time sensitive deadlines.
• Highly responsive to ad-hoc information requests.
• Proficient in query and reporting analysis tools; Excel (macros, pivot tables, lookups).
• Experience with Tableau driven dashboards & analytics.
• Advanced analytical skills demonstrating the ability to learn how to navigate systems, access data, reconcile numbers from different sources, identify discrepancies and understand drivers of change within data.
• Problem solver with ability to take ownership of tasks and drive through challenges.
• Strong business partnering experience / skills including the ability to interact, communicate and influence equally well within all levels of an organization.
• Strong written and verbal communication skills.

Skills:

• 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
• Regulatory Relations

Shift:

Hours Per Week: