Bank Of America Risk Analyst Executive 

United States, New York, New York 

44364935

Key responsibilities include driving the data strategy to support the complex data needs of Global Risk Management. Job expectations include effectively leading information and insights which have significant regulatory impact, financial accountability, and direct impact to business policies and goals in an effective manner.

Responsibilities:

• Define implement elements of our data strategy to promote data re-use, efficient data sourcing and improved data quality.
• Sets strategic priorities and owns initiatives affecting multiple risk functions and lines of business to ensure company goals are met
• Leverages knowledge of end-to-end processes, related regulations, and multi system platforms, often involving multiple products/portfolios, to achieve business objectives.
• Monitors the outputs of controls and ensures alerts from the control checks are managed effectively

Requirements:

• Metadata management
• Data Quality
• Project Management
• Regulatory Relations
• Risk Management
• Stakeholder Management
• Business Acumen
• Continuous Improvement
• Issue Management
• Risk Analytics
• Adaptability
• Attention to Detail
• Data Visualization
• Data and Trend Analysis
• Minimum ten years' experience

Global Risk Management (GRM) leads bank-wide initiatives for management of all aspects of risk, including strategic, market, credit, compliance, liquidity, operational, model and reputational risk matters to support sustainable, profitable corporate growth.
ROLE DESCRIPTION

This role will collaborate with the GRM Data Stewards, Data Users, Data Owners, and Technology Teams to understand and assess their data, processes, and technology to support strategic data initiatives, remediate deficiencies, and drive business requirements.

• Consult with data stewards, process owners, subject matter experts, technical experts, end users and other stakeholders to gather information about the current and target state business process, data attributes and data sources, control features, interfaces with other systems required
• Document and provide definitions for processes and procedures, data models, data quality controls, data lineage, and data dictionaries using industry standard methods including business process descriptions, use cases, scenarios, diagrams, flow charts, etc.
• Analyze information gathered from multiple sources, reconcile conflicts, segment high-level information into details, and abstract up from low-level information to a general understanding
• Assess and identify deficiencies against internal policies and standards or industry best practices, providing formal recommendations and requirements to remediate
• Collaborate and partner with technology teams, architects, and other key stakeholders to drive solutions which provide ongoing operational excellence and resiliency to metadata and control environment challenges
• Review and provide input to technical solution designs from a business point of view and recommend alternatives
• Communicate plans, progress and risks appropriately to the stakeholders and sponsors

YOUR IMPACT

• Serve as subject matter expert – build deep knowledge of data domains, supporting systems, data governance, and financial services risk management concepts
• Drive quality and consistency – develop standardized templates, tools, design practices to promote high quality deliverables and consistent practices across GRM lines-of-business
• Drive innovation – solve complex data-related problems for GRM process owners using a variety of technical and analytical skills
• Own your project – manage and monitor project execution – from requirements to sourcing and evaluating the fit-for-purpose data – working with all the stakeholders across GRM, Business and Technology

Technical Expertise

• Demonstrates the application of innovative technical solutions to solving complex data intensive challenges
• Has or develops a depth of product understanding, including the ability to conceptualize solutions and employ a structured framework to evaluate features to drive definitive and strategic product decisions
• Strong understanding of databases, data structures, data modeling and data mapping
• Understanding of business process modeling, data provisioning modeling, and entity relationship modeling
• Comfortable with the application of digital technology and inclusion of metadata, lineage, and controls as part of application design

Execution Expertise

• Ability to drive execution through disciplined oversight
• Ability to interpret and evaluate client’s data requirement needs
• An understanding of operational risk in complex data flows and how to design appropriate data quality controls.
• Excellent verbal and written communication skills
• Resourceful and knows how to cultivate relationships
• Ability to work with a variety of different stakeholders and cross-functional teams
• Strong organizational and critical thinking skills
• Ability to lead and facilitate meetings and groups
• Skilled in fact-finding and data collection with strong attention to detail and precision
• Demonstrates an ability to set objectives and organize work appropriately to meet and exceed goals

BASIC QUALIFICATIONS

• 10+ years of experience in data-related roles.
• Bachelors or Masters in computer science, system analysis, Information Systems or related field

• Strong process/systems analysis, design and documentation
• Strong analytical, critical thinking, and problem-solving skills
• Ability to monitor tight deadlines and adapt to unexpected requirement changes
• Strong written and verbal communication skills and ability to lead discussions with counterparts
• Self-motivated with an ability to work on one’s own with a strong sense of ownership and accountability in high-pressure situations
• Strong Understanding of Risk Management and Data Management Principles

PREFERRED QUALIFICATIONS

• 5+ years working with data in one of the following areas – Trading, Consumer Banking, Wealth Management, Transaction Banking
• Understanding or experience of programming in SQL, C/C++, Java
• Familiarity with databases, such as Oracle, Hadoop, etc

1st shift (United States of America)