Bank of America is a global financial institution operating across banking, finance, and fintech. Its services include personal banking, small-business support, wealth management, investment services, and access to capital markets for individuals, businesses, and institutions. The company also focuses on responsible growth through sustainable finance, diversity initiatives, and community development programs.
Risk Analysis Specialist II - Bank of America - Newark Onsite
Manage credit risk data, reporting, and analytics for Bank of America in an onsite Newark role. Build controlled reporting solutions, analyze portfolio trends, and support risk governance and business decisions.
Description
- Support data and technology requests, complex reporting, analysis, and modeling to manage risk and reduce credit and operating losses.
- Review portfolio trends and assess their implications for risk management.
- Develop complex databases and queries to extract required data.
- Produce data for internal and external reporting requirements.
- Partner with Technology to implement changes that support ongoing data needs.
- Create and deliver reporting for Risk and business partners to identify and manage risk.
- Analyze portfolio trends, loss patterns, and portfolio dynamics.
- Provide analytical support for strategic product initiatives across Risk functions and lines of business.
- Develop database production processes and senior-management performance reports using data mining and advanced analytical techniques.
- Address complex ad hoc information requests from internal and external stakeholders.
- Support cross-functional initiatives to resolve data quality issues.
- Monitor control outputs and investigate alerts generated by control checks.
- Design, develop, enhance, and maintain production-critical credit risk data, reports, dashboards, and analytical solutions.
- Act as the subject matter expert for assigned data and reporting processes, metrics, and business requirements.
- Lead data extraction, transformation, and validation across systems and datasets.
- Design and implement end-to-end reporting processes, control frameworks, and monitoring routines.
- Analyze portfolios and trends, identify risk drivers, and communicate findings to business partners and leadership.
- Work with technology teams and stakeholders to define requirements and strengthen data and reporting capabilities.
- Perform root cause analysis for reporting issues, data quality concerns, and process breakdowns.
- Support regulatory, governance, audit, and control activities.
Requirements
- Bachelor's degree.
- At least two years of reporting or data management experience.
- Strong experience with SAS, SQL, Tableau, or another business intelligence tool.
- Strong analytical reasoning and critical-thinking skills.
- Strong verbal and written communication abilities.
- Ability to enhance data quality assurance, audit-level validation, and governance controls.
- Demonstrated ability to identify process improvements and implement sustainable solutions.
- Experience translating business requirements into reporting and data solutions.
- Ability to manage multiple deliverables and independently resolve complex business problems.
- Strong knowledge of data structures, metrics, and reporting methodologies.
- Consumer credit risk experience in areas such as credit cards, home loans, consumer vehicle lending, deposits, or small business.
- Experience designing and implementing reporting or data management solutions.
- Experience with data lineage, metadata management, or data governance.
- Exposure to regulatory reporting or audit engagements.
- Advanced experience with Tableau, Power BI, or reporting visualization tools.
- Experience leading reporting enhancement initiatives.
- Experience with root cause analysis and issue management.
- Experience with change management and process optimization.
- Ability to translate business requirements into technical solutions.
- Experience mentoring junior analysts.
- Knowledge of enterprise risk management frameworks.
- Experience identifying and implementing automation opportunities.
Benefits
- Affordable, competitive, and flexible benefits.
- Resources supporting physical, emotional, and financial wellness.
- An in-office environment that supports collaboration, engagement, and career development.
- Opportunities to learn, grow, and contribute meaningfully.