Financial Risk Analytics Manager

Bank of America; New York (NY); On-site; USD 90,000 - 140,000; Full time

Job summary

An established industry player is seeking a Financial Risk Analytics Manager to provide risk oversight and implement measures to mitigate losses. This role requires a strong analytical mindset and proficiency in financial data analysis, programming, and risk management procedures. The ideal candidate will thrive in a collaborative environment, demonstrating a commitment to excellence and continuous improvement. Join a company that values diversity and inclusion, offering opportunities for professional growth and impact in the financial sector.

Benefits

Health Insurance

401(k) Plan

Paid Time Off

Employee Discounts

Wellness Programs

Qualifications

• Minimum 5 years of experience in risk management or financial services.
• Proficiency in financial data analysis and quantitative techniques.

Responsibilities

• Provide risk oversight and advice on risk management issues.
• Conduct independent monitoring and testing of controls.

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

Tableau

Alteryx

MicroStrategy

Python

R

Excel

Job description

Financial Risk Analytics Manager

Charlotte, North Carolina;Jersey City, New Jersey; New York, New York; Chicago, Illinois

**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

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.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...) .

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.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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.