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Data Support Sr Analyst

Toronto, , Canada

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.

Description
A key member of the data steward team responsible for analyzing data quality on behalf of the Market Risk function to ensure timely and accurate reporting of risk exposures and portfolio risk measures to senior management and the regulators. This will require an understanding of financial products and the inputs required in the calculation of trade measures as well as an appreciation of the F2B data transport and infrastructure. The role involves working closely with both risk managers and technology to remediate data issues and identify opportunities for process and control improvement. It requires a strong control mindset and a willingness to challenge and improve the control framework inline with the enterprise policies and standards that govern data management. There will be opportunities to influence and design target state controls and to work closely with technology on their implementation.

Responsibilities

  • Identify opportunities and suggest solutions to improve data quality and business processes

  • Participate in simplifying and improving market risk adherence efforts to regulatory policies, risk data aggregation standards, and enterprise-mandated standards

  • Improve data quality diagnostics, investigate possible data errors and remediate poor data

  • Research new data requirements and closely work with Risk Managers and technology to identify solutions

  • Work with technology on strategic initiatives and sourcing projects and participate in User Acceptance Testing and impact analyses

  • Analyze and confirm metrics / controls / threshold are effective with LOB Risk Executives and sufficient for compliance

Qualifications

  • Degree level qualification

  • Knowledge of financial products, risk and / or P&L gained in market risk management, product control or similar role

  • Knowledge of Global Markets processes and systems from trade capture through to risk / P&L reporting preferable

  • Evidence of an interest in data and data analysis desirable

  • Excellent communication & analytical skills

  • Ability to work under pressure in a team environment and across different geographical locations

  • Ability to liaise with all levels of the firm and people with different experiences and backgrounds

  • Preferred: Advanced Excel/VBA skills and preferably SQL and python skills to build and maintain tools to simplify and improve processes, and eliminate manual / repetitive tasks

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Job Band:

H5

Shift: 

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.

Description
A key member of the data steward team responsible for analyzing data quality on behalf of the Market Risk function to ensure timely and accurate reporting of risk exposures and portfolio risk measures to senior management and the regulators. This will require an understanding of financial products and the inputs required in the calculation of trade measures as well as an appreciation of the F2B data transport and infrastructure. The role involves working closely with both risk managers and technology to remediate data issues and identify opportunities for process and control improvement. It requires a strong control mindset and a willingness to challenge and improve the control framework inline with the enterprise policies and standards that govern data management. There will be opportunities to influence and design target state controls and to work closely with technology on their implementation.

Responsibilities

  • Identify opportunities and suggest solutions to improve data quality and business processes

  • Participate in simplifying and improving market risk adherence efforts to regulatory policies, risk data aggregation standards, and enterprise-mandated standards

  • Improve data quality diagnostics, investigate possible data errors and remediate poor data

  • Research new data requirements and closely work with Risk Managers and technology to identify solutions

  • Work with technology on strategic initiatives and sourcing projects and participate in User Acceptance Testing and impact analyses

  • Analyze and confirm metrics / controls / threshold are effective with LOB Risk Executives and sufficient for compliance

Qualifications

  • Degree level qualification

  • Knowledge of financial products, risk and / or P&L gained in market risk management, product control or similar role

  • Knowledge of Global Markets processes and systems from trade capture through to risk / P&L reporting preferable

  • Evidence of an interest in data and data analysis desirable

  • Excellent communication & analytical skills

  • Ability to work under pressure in a team environment and across different geographical locations

  • Ability to liaise with all levels of the firm and people with different experiences and backgrounds

  • Preferred: Advanced Excel/VBA skills and preferably SQL and python skills to build and maintain tools to simplify and improve processes, and eliminate manual / repetitive tasks

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Learn more about this role

Full time

JR-21039256

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Deepika Mathias

Referral Bonus:

0

Street Address

Primary Location:
181 BAY ST, Toronto, M5J 2V8