Risk Analysis Specialist II - Consumer Credit Card & Other Consumer Allowance

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 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

The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America’s legal entities.

The Risk Analysis Specialist role supports the Consumer Allowance team with a primary focus on the Credit Card and Other Consumer portfolios. This role is responsible for developing reserve analyses, forecasting portfolio performance, monitoring emerging risks, supporting quarter-end allowance production, contributing to regulatory and financial reporting processes, and preparing materials used in allowance governance and executive reporting. The role provides significant exposure to CECL methodology, portfolio forecasting, model performance assessment, and regulatory engagement.

The successful candidate will partner closely with Consumer Allowance leadership, Finance, Line of Business partners, Global Risk Analytics, and Model Risk Management to support the evaluation of portfolio performance and reserve adequacy. The position will provide a well-rounded, balanced role with opportunities for interaction with other risk/finance teams, statistical modeling teams, senior management, auditors and regulators. Strong analytical, communication, presentation, and time management skills are required.

• Support the quarterly allowance estimation and forecasting processes for Credit Card and Other Consumer portfolios.
• Analyze portfolio performance, loss trends, payment behavior, credit quality indicators, and emerging risks that may impact reserve levels.
• Analyze model output, forecast assumptions, and portfolio performance trends to identify key drivers of reserve movements and emerging risks.
• Develop reserve analyses, forecasts, and recommendations to support management's allowance assessment process.
• Prepare recurring and ad hoc reporting used in quarter-end allowance reviews, governance discussions, and ongoing support for Risk, Finance, Line of Business partners, and Executive Management.
• Partner with modeling teams to understand model performance, key assumptions, portfolio impacts, and emerging model risks.
• Assist in the development of forecast scenarios and reserve outlook analyses.
• Prepare executive presentations, management reporting, earnings support materials, and governance documentation that communicate portfolio performance, reserve drivers, forecast results, and emerging risks.
• Support regulatory examinations, internal audits, model reviews, and governance activities through development of analyses and supporting documentation.
• Support quarterly financial reporting processes, including development of analyses, commentary, and supporting materials for earnings presentations, 10-Qs, 10-Ks, and other regulatory reporting requirements.
• Collaborate with business partners across Risk, Finance, Consumer Credit, and Enterprise Stress Testing to support allowance-related initiatives.
• Identify opportunities to improve reporting, analytics, controls, and process efficiency through automation and enhanced data solutions.
• Maintain documented procedures and strong control practices supporting the allowance process.

Required Qualifications:

• Bachelor's Degree required (accounting, finance, risk a plus) OR 4+ years’ experience with financial institution
• Advanced Excel skills (Ability to work with complex functions)
• Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions
• Self-starter, must show initiative and ability to connect dots, maintain a sense of ownership

Desired Qualifications:

• Strong attention to detail in all aspects of work
• Strong communicator – Clearly conveys information and ideas through a variety of channels to individuals or groups in a way that engages and impacts the audience
• Ability to work on a variety of projects
• Ability to anticipate follow up questions and challenges from stakeholders
• Strong organization and writing skills
• Teamwork - Fosters collaboration among team members and business partners throughout the enterprise
• Resourceful – Systematically acquires relevant information to support key decisions

**Position located in Charlotte, NC

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:

Hours Per Week: