Risk Analysis Specialist II (Counterparty Credit Risk (CCR) Reporting)

Bank of America; Jersey City (NJ); On-site; USD 72,000 - 131,000; Full time

Job summary

Bank of America is seeking a Risk Analysis Specialist to develop and maintain counterparty credit risk reporting and dashboards. The role emphasizes data extraction, analysis, and collaboration with technology partners to deliver timely insights.

The position requires strong SQL, SSRS/Tableau skills, and experience with data visualization to support risk oversight and strategic initiatives.

Qualifications

• Bachelor's degree or equivalent work experience.
• 2+ years of experience in a reporting role.
• Experience using SQL (Oracle Exadata) and extracting data with complex queries.
• Proficient using SQL Server Reporting Services (SSRS) and/or Tableau.
• Strong Excel skills including pivot tables, lookups, data analysis and data connections.
• Advanced analytical skills to navigate systems, reconcile numbers, and identify data drivers.
• Knowledge of counterparty credit risk and traded products.
• Ability to assimilate complex information and tailor analysis for the audience.
• Demonstrates curiosity to challenge the status quo and tackle problems.
• Familiarity with Agile development and collaborating with technology partners.

Responsibilities

• Supports the development and execution of reporting to allow Risk and business partners to identify and manage risk.
• Analyzes trends and supports data design, portfolio trends, loss trends, and portfolio dynamics.
• Provides analytical support on strategic initiatives affecting multiple Risk functions and lines of business.
• Participates in the development of database production processes and performance reports for senior management.
• Responds to complex ad-hoc information requests from internal and external parties.
• Supports cross-functional data quality remediation efforts.
• Monitors outputs of controls and investigates alerts from control checks.

Skills

SQL

SSRS

Tableau

Excel

Data analysis

Risk analysis

Data visualization

Stakeholder management

Attention to Detail

Collaboration

Education

Bachelor's degree or equivalent work experience

Tools

Oracle Exadata

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 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 supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses.

Key Responsibilities

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.

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

Team Focus

Our team develops, executes and enhances reporting and analysis that allows our risk and business partners to identify and manage credit risk, ensuring that Bank of America can deliver responsible growth within our risk framework.

The team is focused on automation and uses several Business Intelligence (BI) tools to efficiently deliver timely and accurate information.

Professional Experience

The Risk Analysis Specialist will use their business and technical expertise to develop, execute and maintain counterparty credit risk reporting and dashboards.

Experience working with Quartz, Zinc and QzTrades will be most useful as the team transitions away from other, legacy data sources.

Reporting Scope

The team produces over 40 CCR reports and dashboards with a global audience, including high visibility reporting such as risk appetite, portfolio reporting and Institution-to-Institution Credit Exposure (IICE) reporting. The Risk Analysis Specialist will be responsible for some of these reports. They must have a good working knowledge of SQL and BI tools such as SSRS or Tableau and be able to collaborate with reporting stakeholders and technology partners on changes and enhancements.

In addition to regular reporting the Risk Analysis Specialist must be capable of working on ad-hoc business requests by providing appropriate data and analysis, working closely with other teams as necessary. They will work with a high degree of autonomy and be aware of the risks of complacently.

Required Skills and Experience

• Bachelor's degree or equivalent work experience


• 2+ years of experience in a reporting role


• Experienced using SQL (Oracle Exadata) and in particular, extracting data with complex queries


• Proficient using SQL Server Reporting Services (SSRS) and/or Tableau


• Strong Excel skills, including pivot tables, lookups, data analysis and data connections


• Advanced analytical skills that demonstrate ability to learn how to navigate systems, access data, reconcile numbers from different sources, identify discrepancies and understand drivers of change within data


• Knowledge of counterparty credit risk and traded products


• Capacity to quickly assimilate complex information and provide analysis tailored to suit the audience


• Displays intellectual curiosity to challenge the status quo and tackle challenging problems

Desired Skills and Experience

• Knowledge of Bank of America systems – Credit Studio, Zinc, Sparck and CRP


• Knowledge of financial products beyond CCR and traded products


• Experience working with an Agile development process and collaborating with technology partners


• Confident with data management and governance including BCBS 239

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 and Hours

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay and Benefits Information

Pay Transparency details US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay range $72,000.00 - $130,700.00 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.

Privacy Statement

https://careers.bankofamerica.com/en-us/privacy-notice

Employer Overview

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!

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn aboutour four values thatrepresentwhatwebelieve.

Pay Transparency

https://careers.bankofamerica.com/en-us/pay-transparency