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Risk Analysis Specialist I

Charlotte, North Carolina

Job Description:

Responsible for performing more complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports senior management. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop more complex program models to extract data and use databases to provide statistical and financial modeling. Analyzes portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Will participate in the rollout of company-wide pilot programs developed as a result of programmed models. Duties primarily include the regular use of discretion and independent judgment.

Bank of America's Wholesale Risk Analytics Operations team is looking for a hands-on Risk Analysis Specialist to be responsible for managing elements of production support related to Wholesale Risk models. The Analyst will also work with the implementation team to ensure that this critical function is performed correctly. The Analyst will identify, analyze, monitor, and present risk factors and metrics to, and integrate with, business partners.

Subject credit models serve as critical input to Global Banking and Markets (GBAM), Global Commercial Banking (GCB), Global Wealth and Investment Management (GWIM), and Consumer Banking lines of business (underwriting, pricing, approval, and credit monitoring) functions. Subject credit models are also integral to the capital management PD/EAD/LGD parameter quantification process and reporting (Basel 3 Risk Weighted Assets and Economic Capital), commercial asset quality forecasting (CCAR/DFAST stress testing), loan loss reserving and reporting (ALLL/IFRS9/CECL), risk appetite and limit setting.

A successful candidate will be a team player supporting and improving internal team functions ranging from methodology development, process engineering and model impact analysis.

A successful candidate will integrate well with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Global Risk Analytics, Balance Sheet and Capital Management, Allowance, Technology, Audit and Compliance.

A successful candidate demonstrates learning abilities and following behaviors (not in priority order):
o Is respectful of and curious about what he/she does not know
o Thinks holistically with business and economic intuition
o Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses


Required/Desired:
o 2-5 years’ experience preferred
o Basic understanding of Credit Risk
o Bachelor Degree in statistics, operations research, economics, finance, physics or mathematics
o Experience with Python, SAS, SQL, R and other related software and hardware
o Experience in data analysis, with strong research and analytical skills
o Fundamental understanding of micro and macroeconomic concepts
o Strong attention to detail and exercises quality control over own work.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Responsible for performing more complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports senior management. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop more complex program models to extract data and use databases to provide statistical and financial modeling. Analyzes portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Will participate in the rollout of company-wide pilot programs developed as a result of programmed models. Duties primarily include the regular use of discretion and independent judgment.

Bank of America's Wholesale Risk Analytics Operations team is looking for a hands-on Risk Analysis Specialist to be responsible for managing elements of production support related to Wholesale Risk models. The Analyst will also work with the implementation team to ensure that this critical function is performed correctly. The Analyst will identify, analyze, monitor, and present risk factors and metrics to, and integrate with, business partners.

Subject credit models serve as critical input to Global Banking and Markets (GBAM), Global Commercial Banking (GCB), Global Wealth and Investment Management (GWIM), and Consumer Banking lines of business (underwriting, pricing, approval, and credit monitoring) functions. Subject credit models are also integral to the capital management PD/EAD/LGD parameter quantification process and reporting (Basel 3 Risk Weighted Assets and Economic Capital), commercial asset quality forecasting (CCAR/DFAST stress testing), loan loss reserving and reporting (ALLL/IFRS9/CECL), risk appetite and limit setting.

A successful candidate will be a team player supporting and improving internal team functions ranging from methodology development, process engineering and model impact analysis.

A successful candidate will integrate well with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Global Risk Analytics, Balance Sheet and Capital Management, Allowance, Technology, Audit and Compliance.

A successful candidate demonstrates learning abilities and following behaviors (not in priority order):
o Is respectful of and curious about what he/she does not know
o Thinks holistically with business and economic intuition
o Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses


Required/Desired:
o 2-5 years’ experience preferred
o Basic understanding of Credit Risk
o Bachelor Degree in statistics, operations research, economics, finance, physics or mathematics
o Experience with Python, SAS, SQL, R and other related software and hardware
o Experience in data analysis, with strong research and analytical skills
o Fundamental understanding of micro and macroeconomic concepts
o Strong attention to detail and exercises quality control over own work.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21061941

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jillian Teeter

Referral Bonus:

0

Street Address

Primary Location:
100 N TRYON ST, NC, Charlotte, 28255