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$110k–$175k/yr
Full-time
bachelor degree
Paid Time Off, Discretionary Incentive Plan, Physical Wellness Support, Emotional Wellness Support, Financial Wellness Support
Posted 40d ago
~40 hrs/week
Responsibilities
Execute and improve data quality frameworks and control processes for PB and CCR Risk programs. Collaborate with technology vendors and business partners to remediate data issues and ensure regulatory compliance.
Requirements
Requires strong analytical skills and knowledge of financial products and risk management (VaR, Greeks). A degree in a quantitative field and proficiency in Excel, with preferred skills in SQL or Python, are desired.
Full job description
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:
The Global Markets Data Management team is offering an exciting opportunity to work on our PB and CCR workstreams. In this role, you will execute and continuously improve the data quality frameworks and control processes across the PB and CCR Risk programs.
The primary responsibility is to help ensure that high-quality data is used in essential business and risk management processes, which is critical to our success as a firm.
This involves facing off with “customers” from the relevant business lines, and Technology groups, helping design, testing and running controls, supported by our offshore partner team. Furthermore, control issue triaging, escalations and follow-through on resolution, and facing off with Technology vendors are also key aspects of the role.
This often also leads to collaboration with other business partners including, but not limited to, Finance, Sales and Trading, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data.
This position is at the nexus of the areas of responsibility of Data Management, working with the relevant business lines, Risk Managers and the Technology groups; it is therefore well-placed to define and implement effective solutions and manage remediation of data issues.
Responsibilities
Identify opportunities and define solutions to improve data quality and business processes within the GMDM framework.
Improve data quality diagnostic tools, investigate possible data errors and remediate inaccurate and missing data.
Lead in enhancing Risk processes, ensuring adherence to regulatory policies, risk data aggregation standards, and enterprise-mandated standards.
Work with Technology on strategic initiatives and data sourcing projects and participate in User Acceptance Testing and impact analyses.
Analyze and confirm metrics / controls / thresholds are effective with LOB Risk Executives and sufficient for Compliance.
Help establish policies and procedures for managing data exceptions in the trade lifecycle.
Partner with global stakeholders including the Business, Risk Managers, Operations and Technology.
Required transferable skills / qualifications
Excellent communication, both written and verbal, analytical skills & attention to detail.
Ability to work under pressure in a diverse team spread across different geographical locations in the world.
Ability to liaise and work with all levels of the firm and people with different experiences and backgrounds.
Broad knowledge in financial products and Risk management (VaR, Greeks, stress testing).
Self-motivated, having a problem-solving mindset and able to drive change.
Intermediate Excel skills and an ability to meaningfully present large sets of data.
Desirable skills / experience / qualifications
Degree in Computer Science, Finance, Quantitative field or related field
Experience in Prime Brokerage, Collateral Operations, Risk or a control function.
Advanced Excel/VBA skills and preferably SQL or Python skills to build and maintain tools to simplify and improve processes, and eliminate manual / repetitive tasks.
Project management skills or experience in managing operational risks in Banking / Finance.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$110,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Related keywords
Global Markets Data ManagementPrime BrokerageCCRVaRGreeksStress TestingData QualityRisk Data AggregationUATVBASQLPythonOperational RiskEnterprise Capital ManagementComplianceTrade Lifecycle
Bank of America is one of the world's largest financial institutions, serving individuals, 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. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.
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Offices: 100 North Tryon Street, Charlotte, NC 28202, US · 16001 Dallas Pkwy, Addison, TX 75001, US · 3123 N Scottsdale Rd, Scottsdale, AZ 85251, US · 135 S La Salle St, Chicago, IL 60603, US · 500 W 7th St, Fort Worth, TX 76102, US
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