Risk Process Analyst

94-1687665 Bank of America, National Association; Florida; On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Industry-leading benefits

Paid time off

Job summary

Bank of America is seeking a candidate to support Enterprise Independent Testing capabilities across business processes and controls. You will work with risk managers and testing teams to develop and execute tests, analyze results, and report insights.

The role emphasizes data validation, documentation, and continuous improvement in testing methodologies, with opportunities to grow expertise in risk management and banking processes.

Qualifications

• Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering.
• Operations Research, Data Science, Accounting, Business Administration as foundational areas.

Responsibilities

• Supports development, execution, and improvement of Enterprise Independent Testing capabilities.
• Collaborates with business partners, risk managers, and testing teams to support test development and execution.
• Documents testing procedures, observations, results, and supporting evidence clearly and repeatably.
• Identifies, documents, and escalates testing exceptions, defects, and process concerns promptly.

Skills

Attention to Detail

Prioritization

Risk Management

Business Process Analysis

Monitoring

Risk Analytics

Business Acumen

Critical Thinking

Problem-Solving

Written and Verbal Communication

Relationship Building

Stakeholder Management

Process Improvement

Adaptability

Education

Finance

Economics

Mathematics

Computer Science

Statistics

Process and Mechanical Engineering

Operations Research

Data Science

Accounting

Business Administration

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 the development, execution, and continuous improvement of Enterprise Independent Testing (EIT) capabilities used to assess business processes, controls, and risk management practices across the Bank. Key responsibilities include developing an understanding of end-to-end business processes, associated risks and controls, and the underlying data that supports testing activities. The role works closely with business partners, risk managers, and testing teams to support test development, test execution, results analysis, and reporting activities. Job expectations include contributing to all phases of the testing lifecycle through process analysis, data validation, documentation, issue identification, and the communication of testing results and insights. This position provides opportunities to build expertise in risk management, process analysis, testing methodologies, and data analytics.

Key responsibilities

Embodies EIT Core Skills: Critical Thinking, Decisiveness, Proactive Problem Solving, Project Management, Risk Management, Adaptability, Collaboration, Effective Communication, and Control Rigor and Discipline Supports the development, enhancement, execution, and maintenance of testing methodologies, analytical tools, and testing scripts used to evaluate process and control effectiveness Develops an understanding of business processes, associated risks, controls, data sources, and regulatory requirements to support testing activities. Assists with gathering, validating, analyzing, and documenting data required for test development and test execution. Executes testing activities in accordance with established methodologies, procedures, and quality standards. Documents testing procedures, observations, results, and supporting evidence in a clear, concise, and repeatable manner. Identifies, documents, and escalates testing exceptions, defects, and process concerns in a timely manner. Performs analysis to identify trends, themes, and potential risk indicators within testing results. Collaborates with teammates and business partners to support continuous improvement, automation, and standardization efforts across the testing lifecycle. Builds knowledge of EIT methodologies, operational risk management practices, and banking processes through training, coaching, and hands-on experience.

Desired Skills

• Attention to Detail
• Prioritization and Time Management
• Risk Management
• Business Process Analysis
• Monitoring, Surveillance, and Testing
• Risk Analytics and Data Analysis
• Business Acumen
• Critical Thinking and Problem-Solving
• Innovative Thinking
• Written and Verbal Communication
• Relationship Building and Collaboration
• Stakeholder Management and Influence
• Process Improvement
• Adaptability and Continuous Learning

Minimal Education Requirement

• Finance
• Economics
• Mathematics
• Computer Science
• Statistics
• Process and Mechanical Engineering
• Operations Research
• Data Science
• Accounting
• Business Administration

Shift

1st shift (United States of America)

Hours Per Week

40

Locations

• US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
• US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and Benefits Information

Pay range $65,000.00 - $85,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Predictable pay This role is compensated with a base salary and is not incentive eligible.

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

Pay Transparency

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

Company Culture

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 about our four values that represent what we believe.