Bank of America Corporation

CRA Senior Manager (CRA Analytics and Data Management)

Bank of America Corporation$120K — $169K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in data analysis and management.
  • Deep expertise in SQL for querying databases.
  • Proficient in Microsoft Excel and Access.
  • Strong understanding of CRA and HMDA regulations.
  • Excellent communication and organizational skills.
  • Ability to manage data across multiple systems and formats.
  • Experience translating business needs into technical specifications.

Responsibilities

  • Lead CRA team and act as liaison with Technology for CRA applications.
  • Develop and implement reporting solutions that align with business goals.
  • Conduct data management and reporting to ensure compliance with OCC CRA rules.
  • Support CRA program through system research and analysis.
  • Identify opportunities for growth and efficiency while adhering to regulations.
  • Proactively enhance technical knowledge and regulatory expertise.
  • Manage the resolution of data and system issues for CRA applications.

Benefits

  • Access to industry-leading benefits packages.
  • Generous paid time off policy.
  • Support and resources for employee contributions to community growth.
  • Participation in the annual discretionary incentive program.
Full Job Description
Responsibilities:

  • CRA team lead and subject matter expert to be the liaison between the CRA and Technology teams to support BAU changes to the CRA applications. Create business requirements for any system changes or enhancements.
  • Provide data management and reporting expertise required to comply with the OCC CRA rule.
  • Provide system research, reconciliation and analysis in support of the bank's CRA program.
  • Acts as a CRA system lead and subject matter expert for BAU activity in the CRA application including data loads, validations and system set up. Works with technology to resolve and trouble shoot system and data issues.
  • Develops extensible/sustainable reporting solutions based on defined business needs. Evaluates functional and technical business requirements, transform those requirements into reporting solutions.
  • Possesses a strong understanding of reporting and database environments, data analysis and modeling to support the broader CRA team reporting and analytical needs.
  • Identifies opportunities for responsible growth and efficiencies, within the enterprise, while achieving regulatory goals. Responsible for creating and improving and sustaining CRA reporting across the CRA applications and databases to support analytics.
  • Proactively seeks opportunities to broaden and deepen technical and regulatory knowledge base and proficiencies.
  • Exercises judgment and influences business managers and peers to ensure enforcement of risk/regulatory programs, balancing business strategy with appropriate risk management controls.


Required Qualifications:
  • Expert knowledge of SQL queries
  • Microsoft Excel and Access database expertise
  • Strong analytical thinking and problem solving
  • Technical knowledge of CRA and HMDA regulations
  • Excellent communication and organizational skills
  • Strong bias for action; results oriented with an ability to manage to deadlines
  • Ability to manipulate data across systems
  • Liaison between LOBs and Technology
  • Data reconciliations
  • Strong ability to translate business requirements for Technology application
  • Ability to adapt to a fast paced, rapidly changing environment
  • Able to perform tasks autonomously with guidance provided in more complex situations
  • Continuously seeks process improvement
  • Ability to perform primary responsibilities as well as ability to support a collaborative team environment


Desired Qualifications:
  • Working knowledge of Tableau and MicroStrategy


Skills:
  • Analytical Thinking
  • Business Analytics
  • Collaboration
  • Data Governance
  • Influence
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Market Analysis
  • Policies, Procedures, and Guidelines
  • Process Management
  • Program Management
  • Regulatory Compliance
  • Reporting
  • Risk Management
  • Strategy Planning and Development


Enterprise Description:
This job is responsible for ensuring compliance with the Community Reinvestment Act (CRA); maintaining a comprehensive performance qualification and assessment program that aggregates enterprise results. Key Responsibilities include acting as a low-to-moderate-income subject matter expert and assesses brand/business/regulatory opportunities and consequences to low-to-moderate-income individuals and communities. Job Expectations include advising the front-line units on regulatory expertise, understanding impacts of processes and strategy on the bank's CRA program.

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - IL - Chicago - 135 S La Salle St - The Field (IL4135)

Pay and benefits information

Pay range

$120,000.00 - $169,200.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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