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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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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.
GRM RAPID (Risk Automation, Process Improvement and Design) group is a centralized cross-functional team tasked to enhance, simplify and improve processes, provide technology strategy and vision for platforms to drive Operational Excellence within Global Risk Management. The Risk Automation and Technology Strategy Specialist will leverage a strong analytical and consulting mindset to work with leaders working on various technology Strategy and OpEx projects within the strategic framework. The role will work to streamline workflow and business processes and develop tools that help to automate manual processes.
Primary Responsibilities:
- Streamlines, automates, and implements solutions to drive process efficiency and controls across GRM
- Leverages the latest tools and technologies ("toolkit") to support to GRM while broader scope tech solutions are being built over multi-year time horizon
- Develops expertise in various automation tools by pursuing hands-on training and certifications.
- Develop visualization tools and dashboards to capture key risks for crisis management
- Develop tools to improve a variety of GRM processes including the CCAR stress data review and VaR validation and review
- Tracks and monitors the success of recently implemented tools and process enhancements
Additional 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
Required Qualifications:
- Minimum 3 years minimum work experience in Risk Management
- Minimum 3 years experience and background in technology strategy, initiatives planning, automation, analytics, and/or digital transformation
- Strong technical acumen and automation skills, including experience with PYTHON and using data to automate reporting, etc
- Hands-on experience building automation workflows, data processes, and visualization dashboards with expert level knowledge of key tools and systems including Tableau, Workiva, Sharepoint, Microsoft Flow and Alteryx
- Expertise in Microsoft suite of products (Office Online, Workiva) for automation of reporting and documents
- Applies critical thinking, analytical skills, and thoughtful, fact-based approach to solve complex problems
Desired Qualifications:
- Leverages strong knowledge of Global Risk Management needs, priorities and deliverables to build solutions to support the business
- Effective communication skills; able to communicate complex ideas in a clear manner to a diverse array of audiences
- Ability to manage multiple priorities and execute a high volume of competing priorities with acute attention to detail and accuracy
- Knowledge of various cloud and on-premise data platforms and ability to think strategically to combine data to provide optimal solutions
Shift:
1st shift (United States of America)
Hours Per Week:
40