Risk Analysis Specialist II (Counterparty Credit Risk (CCR) Reporting)

Back to search results Risk Analysis Specialist II (Counterparty Credit Risk (CCR) Reporting) Jersey City, New Jersey; Charlotte, North Carolina Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge 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 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.Responsibilities:Supports the development and execution of reporting to allow Risk and business partners to effectively identify and manage riskAnalyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategiesProvides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are metParticipates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate dataSupports 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 checksOur team develops, executes and enhances reporting and analysis that allows our risk and business partners to identify and manage credit risk, ensuring that Bank of America can deliver responsible growth within our risk framework. The team is focused on automation and uses several Business Intelligence (BI) tools to efficiently deliver timely and accurate information.The Risk Analysis Specialist will use their business and technical expertise to develop, execute and maintain counterparty credit risk reporting and dashboards. Experience working with Quartz, Zinc and QzTrades will be most useful as the team transitions away from other, legacy data sources. The team produces over 40 CCR reports and dashboards with a global audience, including high visibility reporting such as risk appetite, portfolio reporting and Institution-to-Institution Credit Exposure (IICE) reporting. The Risk Analysis Specialist will be responsible for some of these reports. They must have a good working knowledge of SQL and BI tools such as SSRS or Tableau and be able to collaborate with reporting stakeholders and technology partners on changes and enhancements.In addition to regular reporting the Risk Analysis Specialist must be capable of working on ad-hoc business requests by providing appropriate data and analysis, working closely with other teams as necessary. They will work with a high degree of autonomy and be aware of the risks of complacently. Required Skills and Experience:Bachelor's degree or equivalent work experience2+ years of experience in a reporting roleExperienced using SQL (Oracle Exadata) and in particular, extracting data with complex queriesProficient using SQL Server Reporting Services (SSRS) and/or Tableau Strong Excel skills, including pivot tables, lookups, data analysis and data connectionsAdvanced analytical skills that demonstrate ability to learn how to navigate systems, access data, reconcile numbers from different sources, identify discrepancies and understand drivers of change within dataKnowledge of counterparty credit risk and traded productsCapacity to quickly assimilate complex information and provide analysis tailored to suit the audienceDisplays intellectual curiosity to challenge the status quo and tackle challenging problemsDesired Skills and Experience:Knowledge of Bank of America systems - Credit Studio, Zinc, Sparck and CRPKnowledge of financial products beyond CCR and traded productsExperience working with an Agile development process and collaborating with technology partnersConfident with data management and governance including BCBS 239Skills:Attention to DetailBusiness IntelligenceData and Trend AnalysisRisk AnalyticsRisk ManagementAdaptabilityCollaborationContinuous ImprovementData VisualizationProject ManagementBusiness AcumenIssue ManagementRegulatory RelationsStakeholder ManagementTechnical DocumentationShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26032724 Manages People: No Travel: No Age requirement: Must at least be 18 years of age. New Jersey pay and benefits information New Jersey pay range: $72,000.00 - $130,700.00 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 Share: Save job Job saved