Financial Risk Analytics Manager

Bank of America; Jersey City (NJ); On-site; USD 110,000 - 180,000; Full time

Job summary

Join a forward-thinking financial institution that is committed to making a positive impact on the community and its employees. This role offers a unique opportunity to lead risk management initiatives, ensuring robust oversight and adherence to policies. You'll collaborate with diverse teams, leveraging your analytical skills and financial expertise to drive responsible growth. With a focus on professional development, you'll have the chance to innovate and contribute to a culture of excellence while enjoying competitive compensation and comprehensive benefits. If you're passionate about risk management and eager to make a difference, this is the perfect opportunity for you.

Benefits

Industry-leading benefits

Paid time off

Support resources

Discretionary incentive eligibility

Qualifications

• 5+ years of experience in risk management or financial services.
• Proficiency in financial data analysis and quantitative techniques.
• Strong analytical mindset with effective problem-solving skills.

Responsibilities

• Establish risk management procedures and standards.
• Conduct independent monitoring and testing of controls.
• Develop risk management analyses and approval procedures.

Skills

Analytical Thinking

Coaching

Critical Thinking

Liquidity Management

Collaboration

Oral Communications

Portfolio Analysis

Presentation Skills

Written Communications

Issue Management

Monitoring, Surveillance, and Testing

Regulatory Compliance

Technical Documentation

Trading Strategy

Education

Bachelor's Degree in Finance or related field

Master's Degree in Finance or related field

Tools

Python

R

Excel

Tableau

Alteryx

MicroStrategy

Job description

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:
This job is responsible for providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include identifying risks to which the LOB is exposed, implementing measures to prevent and mitigate losses, and monitoring risk outcomes. Job expectations may include the ability to recognize all risk categories including credit, market, operational and compliance, as well as directing risk staff or participating in establish risk management procedures and standards.

Responsibilities:

• Participates in establishing risk management procedures and standards
• Conducts execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the Line of Business (LOB)
• Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
• Ensures adherence to the policies and procedures established by the company
• Manages risk requests, breach remediations and providing risk effective challenges for front line units
• Develops risk management analyses, reports, and approval procedures and guidelines on risk limits by type of product and/or transaction

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Key Requirements:

• Minimum of 5 years of risk management, risk quantitative/qualitative modeling or other experience in the financial services industry
• Proficiency with analysis of financial data and quantitative techniques (linear/logistic regressions, clustering algorithms, data transformation techniques, etc.)
• Proficiency with programming (Python or R) and Excel and best practices around coding
• Strong analytical mindset and effective problem-solving skills
• Attention to detail and ability to work with minimal supervision
• Experience with data analytics and visualization tools (e.g., Tableau, Alteryx, MicroStrategy)
• Strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Demonstrates commitment to excellence by anticipating needs, mitigating risks and minimizing potential problems
• Ability to multi-task with excellent time management skills, manage projects and pivot between tactical and strategic tasks
• Prior exposure to liquidity, capital or interest risk management a plus

Skills:

• Analytical Thinking
• Coaching
• Critical Thinking
• Liquidity Management
• Collaboration
• Oral Communications
• Portfolio Analysis
• Presentation Skills
• Written Communications
• Issue Management
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Technical Documentation
• Trading Strategy

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $180,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.