What are the responsibilities and job description for the Risk Process Analyst position at Bank of America?
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 role is responsible for working closely with teammates in EIT as well as model and process owners in the Lines of Business and Enterprise functions to obtain an understanding of portfolios and processes, including underlying data, flows, and controls so that appropriate models, testing, and monitoring. Key responsibilities include collaborating with key stakeholders across the Bank to identify risks and prioritize modeling and testing needs. Job expectations include documenting and analyzing modeling and testing requirements, souring and evaluating data required for modeling and testing, and designing and developing models and tests.
Responsibilities:
1st shift (United States of America)
Hours Per Week:
40
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 role is responsible for working closely with teammates in EIT as well as model and process owners in the Lines of Business and Enterprise functions to obtain an understanding of portfolios and processes, including underlying data, flows, and controls so that appropriate models, testing, and monitoring. Key responsibilities include collaborating with key stakeholders across the Bank to identify risks and prioritize modeling and testing needs. Job expectations include documenting and analyzing modeling and testing requirements, souring and evaluating data required for modeling and testing, 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, Communicate Effectively (Written and Verbal), and Control Rigor and Discipline
- 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
- Process Design
- Test Development
- Programming Languages
- Software Engineering
- Problem-solving
- Growth Mindset
- Attention to Detail
- Bachelor’s degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration (or equivalent work experience).
- Demonstrated strong programming skills (e.g., Python), analytical and problem-solving, and digital fluency.
1st shift (United States of America)
Hours Per Week:
40
Salary : $65,000 - $87,700