Risk Analysis Specialist I

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:

Treasury Special Actions Team:

• Responsible for advising client teams when their clients become financially challenged; making recommendations to reduce credit limits for their treasury services or move to prefunding. Manage team reporting, team mailbox and pulling data necessary for reviews. Guide client teams through Bankruptcy process and steps to ensure compliance with court documents. Act as a liaison between Legal and the Client Team.

• Contribute/lead projects providing risk guidance with examples including regulatory requirements, audit issues, policy/procedures review and product development/expansion.

• Identifies and drives operational excellence opportunities through process transformation, automation, and continuous improvement initiatives.

Responsibilities:

• Supports the development and execution of reporting to allow risk and business partners to effectively identify and manage risk in an effective manner

• Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies

• Supports 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, using data mining and other advanced analytical techniques to aggregate data

• Support responses to ad-hoc requests for information from both internal and external parties

• Provides support on efforts to remediate data quality issues

• Assists with Helps to monitoring the outputs of controls and investigates alerts from the control checks

Required Qualifications:

• 4+ years experience in treasury/payments/transaction banking with strong knowledge of Global Payments Solutions products/services

• Experience using SQL, PowerApps/Power Automate, Copilot

• Credit/Risk background or Operational Risk equivalent experience

• Strong risk mindset and able to debate, escalate issues and concerns

• Strong analytical skills

• Strong project management skills; attention to detail; ability to drive projects to conclusion

• Ability to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraints

• Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc and unplanned urgent requests

• Proven verbal and written communication skills and presentation skills

• Ability to synthesis information and summarize key themes and drive to logical outcomes while constantly challenging the status quo

• Able to develop and maintain good working relationships

• Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance

• Proficiency in using MS Word, Excel (Advanced), PowerPoint, SharePoint Online and WebEx.

Desired Qualifications:

• Work experience in Credit/Risk, Treasury Sales, Product and/or Servicing

• Technology saavy, intellectually curious

• Proven ability to develop Senior Executive presentations and strong communication skills

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:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range$105,000.00 - $125,700.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

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.