Risk Analysis Specialist II

Bank of America; Charlotte (NC); On-site; USD 75,000 - 105,000; Full time

Job summary

Bank of America in Charlotte, NC is seeking a Risk Analysis Specialist II to support data, reporting, and modeling for credit risk management within the CRISA framework. The role blends risk analysis, finance forecasting, and dashboard development to inform senior management decisions.

Ideal candidates will have a bachelor's degree and several years in a financial analytics role, with strong SQL/SAS skills, and experience with data visualization tools like Tableau or MicroStrategy.

Qualifications

• Bachelor's degree required (accounting/finance/risk a plus).
• Several years of experience in a financial institution in analyst/analytics role.
• Attention to detail and strong organizational skills required.
• Teamwork and collaboration across enterprise partners.
• Analytical abilities and basic accounting understanding (debits/credits).
• Clear and effective written and verbal communication; strong presentation skills.

Responsibilities

• Supports developing and executing reporting to help Risk and business partners identify and manage risk.
• Analyzes trends; supports data design, portfolio/loss dynamics to align with strategies.
• Provides analytical support on strategic initiatives across Risk functions and lines of business.
• Develops database production processes and performance reports for senior management using data mining.
• Responds to complex ad-hoc information requests from internal and external parties.
• Supports data quality remediation and cross-functional improvement efforts.
• Monitors controls outputs and investigates alerts from control checks.
• Assists in forecast and quarter-end close for Commercial Allowance; exposure to production cycles.
• Works with Global Risk Analytics Loss Forecast modeling teams to understand drivers and impacts.
• Assists in quarterly enterprise stress test scenarios to ensure reserves and adequate allowance.
• Responds to management and business partner requests with analytical, allowance and reporting support.

Skills

Attention to detail

Teamwork

Analytical abilities

Strong communicator

Organization & writing

Self-starter

Resourceful

Education

Bachelor's degree

Tools

SQL

SAS

Tableau

MicroStrategy

Alteryx

Job description

Risk Analysis Specialist II

Charlotte, North Carolina

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!

Position Summary:

This job is responsible for supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include reviewing and analyzing portfolio trends, supporting 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. The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America's international legal entities. The Commercial Allowance Analyst role is a hybrid credit risk/ finance @type role and the candidate will be responsible for the analysis / ownership of components of the reserve.

The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America's international legal entities. The Allowance Analyst role is responsible for the review and analysis of the allowance for loan losses and related forecasting and stress testing as well as the communication to key Risk and business partners. The candidate will use quantitative tools and work with large sets of data to analyze, understand drivers and prepare summaries to management. Additional projects and analysis will focus on understanding how the changing global economic situation impacts credit risk in our portfolio. They may also lead dashboard development and explore report automation. In addition, this individual may be involved in ad-hoc management reporting around key asset quality exposures (e.g., reservable criticized metrics, peer analysis, etc.). The position will provide a well-rounded, balanced role with opportunities for interaction with other teams such as risk / finance, statistical modeling teams, and senior management. Strong analytical, communication, presentation, and time management skills are required.

Responsibilities:

Supports the development and execution of reporting to allow Risk and business partners to effectively identify and manage risk

Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies

Provides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met

Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data

Supports with responding to complex ad-hoc requests for information from both internal and external parties

Provides support on cross-functional efforts to remediate data quality issues

Monitors the outputs of controls and investigates alerts from the control checks

Assist the Commercial Allowance team with forecast and quarter end close processes. The individual will be working in a dynamic and challenging environment as the role has exposure to all the production cycles and processes related to the calculation and analysis of allowance results for the Commercial loan portfolio

Work with Global Risk Analytics Loss Forecast modeling teams to understand model drivers and their impacts to Allowance

Assist in completion of quarterly enterprise stress test scenarios each quarter ensuring sufficient reserves and appropriate allowance adequacy

Respond to management and business partner requests, providing necessary analytical, allowance and reporting support

Required Skills and Experience

Bachelor's degree required, (accounting, finance, risk a plus)

Several years of experience in a financial institution in analyst / analytics @type role

Attention to detail

Teamwork - Fosters collaboration among team members and business partners throughout the enterprise

Analytical Abilities / Financial Acumen (Basic understanding of accounting (debits / credits))

Strong Communicator - Clearly conveys information and ideas through a variety of channels to individuals or groups in a way that engages and impacts the audience.

Strong organization and writing skills

Self-starter, must show initiative and ability to connect dots, maintain a sense of ownership

Resourceful - Systematically acquires relevant information to support key decisions

Desired Skills and Experience:

Allowance / Credit Risk / Commercial banking

Familiarity with models

Audit or controls background

Proficient using SQL or SAS, on large datasets for data analysis

Experience with or desire to learn AI tools, Tableau and/or MicroStrategy, and Alteryx

General Ledger experience

Skills:

Attention to Detail

Business Intelligence

Data and Trend Analysis

Risk Analytics

Risk Management

Adaptability

Collaboration

Continuous Improvement

Data Visualization

Project Management

Business Acumen

Issue Management

Regulatory Relations

Stakeholder Management

Technical Documentation

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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