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 Process Analyst
Support Bank of America’s Enterprise Independent Testing team by assessing banking processes, controls, and risks. Analyze data, carry out tests, and report findings.
Description
- Help develop, run, and improve Enterprise Independent Testing capabilities.
- Learn end-to-end business processes, their risks and controls, and the data used for testing.
- Assist with test design and execution, results analysis, and reporting.
- Support the testing lifecycle through process analysis, data validation, documentation, issue identification, and communication of findings.
- Help develop, refine, run, and maintain testing methods, analytical tools, and scripts.
- Collect, validate, analyze, and document data for test design and execution.
- Perform tests using established methods and quality standards.
- Record testing procedures, observations, results, and supporting evidence.
- Identify and document testing exceptions, defects, and process concerns, and escalate them as needed.
- Review test results for trends, recurring themes, and potential risk indicators.
- Work with colleagues and business partners to improve, automate, and standardize processes.
- Develop knowledge of EIT methods, operational risk management, and banking processes through training, coaching, and practical experience.
Requirements
- Bachelor’s degree or higher in a field such as finance, economics, mathematics, computer science, statistics, process or mechanical engineering, operations research, data science, accounting, or business administration.
- Understanding of business processes, related risks and controls, data sources, and regulatory requirements.
- Ability to collect, validate, analyze, and document data.
- Ability to conduct tests using established methods, procedures, and quality standards.
- Knowledge of risk management.
- Business process analysis skills.
- Knowledge of monitoring, surveillance, and testing.
- Risk analytics and data analysis skills.
- Critical thinking and problem-solving abilities.
- Knowledge of process improvement.
- Written and verbal communication skills.
- Stakeholder management and influencing skills.
Benefits
- Affordable, competitive, flexible benefits.
- Support for physical, emotional, and financial wellness.
- Paid time off.
- Employee resources and support.
- Base salary compensation.
- 40-hour work week.