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Risk Analysis Specialist I

Charlotte, North Carolina

Job Description:

Bank of America - Merrill Lynch is looking for a risk analysis specialist in the Critical Use Spreadsheet Validation team. The group is a multi-national team within Enterprise Model Risk Management primarily based in Charlotte. It covers all aspects of Critical Use Spreadsheet validation for the company to ensure that Critical use spreadsheets meet the requirements of the Spreadsheet Control policy.


Candidate will work primarily with the CFO and the Global Risk management groups.

Responsibilities:

  • Validate Stress Testing, Liquidity, Pricing and Valuation Spreadsheets to ensure they meet the requirements of the Spreadsheet policy. This validation will encompasses the review of the underlying controls, data transformation and design of the spreadsheet being validated
  • Identify/quantify risks associated with the spreadsheet being validated
  • Prepare validation report and communicate results of the validation to the FLU/spreadsheet owner
  • Maintain a sub-portfolio of spreadsheet inventory and perform re-reviews, Required Actions Items closure
  • Develop and or interpret enterprise policy, guidelines and supplemental documents
  • Tracking and management of various project initiatives in managing change and driving change through technology solutions
  • Develop and maintain relationships across a complex enterprise wide structure in order to effectively communicate key issues and influence risk mitigation

Enterprise Role Overview:
Coordinates the production of performance reports for Senior management. Reviews and analyzes trends in current population distributions and recommends strategies. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. Duties primarily include the regular use of discretion and independent judgment. Experience such as Excel, SAS, SQL, and/or Alteryx.

Required Skills:

  • 3+ years of Risk Management experience working for a financial services firm
  • Expert MS excel knowledge and solid analytical skills are required
  • Programming experience with R, VBA, Alteryx, SAS, Python, SQL, and/or Access is a plus
  • Well organized, team-oriented and detail-oriented with good interpersonal and communication skills (both written and verbal)
  • Ability to handle multiple competing priorities in a fast-paced environment.
  • Project management skills with the ability to prioritize tasks, meet deadlines, and achieve goals in driving change.
  • Ability to communicate trends and impacts to senior level management
  • Bachelor or Master degree in a relevant technical field; e.g. accounting, economics, finance or business

Desired Skills:

  • Diamond platform
  • Platform migration experience

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America - Merrill Lynch is looking for a risk analysis specialist in the Critical Use Spreadsheet Validation team. The group is a multi-national team within Enterprise Model Risk Management primarily based in Charlotte. It covers all aspects of Critical Use Spreadsheet validation for the company to ensure that Critical use spreadsheets meet the requirements of the Spreadsheet Control policy.


Candidate will work primarily with the CFO and the Global Risk management groups.

Responsibilities:

  • Validate Stress Testing, Liquidity, Pricing and Valuation Spreadsheets to ensure they meet the requirements of the Spreadsheet policy. This validation will encompasses the review of the underlying controls, data transformation and design of the spreadsheet being validated
  • Identify/quantify risks associated with the spreadsheet being validated
  • Prepare validation report and communicate results of the validation to the FLU/spreadsheet owner
  • Maintain a sub-portfolio of spreadsheet inventory and perform re-reviews, Required Actions Items closure
  • Develop and or interpret enterprise policy, guidelines and supplemental documents
  • Tracking and management of various project initiatives in managing change and driving change through technology solutions
  • Develop and maintain relationships across a complex enterprise wide structure in order to effectively communicate key issues and influence risk mitigation

Enterprise Role Overview:
Coordinates the production of performance reports for Senior management. Reviews and analyzes trends in current population distributions and recommends strategies. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. Duties primarily include the regular use of discretion and independent judgment. Experience such as Excel, SAS, SQL, and/or Alteryx.

Required Skills:

  • 3+ years of Risk Management experience working for a financial services firm
  • Expert MS excel knowledge and solid analytical skills are required
  • Programming experience with R, VBA, Alteryx, SAS, Python, SQL, and/or Access is a plus
  • Well organized, team-oriented and detail-oriented with good interpersonal and communication skills (both written and verbal)
  • Ability to handle multiple competing priorities in a fast-paced environment.
  • Project management skills with the ability to prioritize tasks, meet deadlines, and achieve goals in driving change.
  • Ability to communicate trends and impacts to senior level management
  • Bachelor or Master degree in a relevant technical field; e.g. accounting, economics, finance or business

Desired Skills:

  • Diamond platform
  • Platform migration experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21019592

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Aubrey Drake

Referral Bonus:

0

Street Address

Primary Location:
150 N COLLEGE ST, NC, Charlotte, 28255