Risk Process Analyst

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:
This job is responsible for supporting the development and execution of capabilities that include models, analytical tools, and tests used for risk management. Key responsibilities include understanding bank-wide processes, including their risks, underlying data, and process steps, and using that knowledge to build capabilities for the Front Line Units/Control Functions to better manage their risk and operational effectiveness. Job expectations include documenting and analyzing modeling and testing requirements, sourcing and evaluating data, and designing and developing models and tests.

Responsibilities:

• Embodies EIT/GRA Core Skills: Critical Thinking, Decisive, Leverage Enterprise/Matrix Management/ Proactive/ Project Management, Manages Risk, Adaptability, Collaborative, Customer, and Client Focus
• Documents models and tests in a manner that is clear, concise and repeatable
• Uses programming skills and knowledge of software development lifecycle principles to write model and testing code
• Executes models and tests
• Provides reporting of model and test results
• Communicates key modeling and testing insights to stakeholders across the Bank
• Communicates Effectively (Written and Verbal), and Control Rigor and Discipline

Required Background:

• Must be a current Year Up intern at Bank of America
  
  

Skills:

• Attention to Detail
• Prioritization
• Risk Management
• Business Process Analysis
• Monitoring, Surveillance, and Testing
• Risk Analytics
• Business Acumen
• Innovative Thinking
• Negotiation

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range$65,000.00 - $85,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

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.