Bank of America Corporation

Risk Analysis Specialist II

Bank of America Corporation$72K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field such as Finance, Data Analytics, or Business Administration.
  • 5-7 years of experience in data analysis, risk management, or related technical roles.
  • Proficient in data analytics tools, SQL, automation, and AI technologies.
  • Experience working in regulated environments focusing on data quality and risk management.
  • Strong communication skills and ability to manage stakeholder relationships effectively.
  • Ability to quickly adapt to changing business needs and technologies.
  • Knowledge of financial services and risk management principles.

Responsibilities

  • Supports the development and execution of reporting for effective risk management.
  • Analyzes trends in data to align with business strategies and improve outcomes.
  • Provides analytical insights for product initiatives across various Risk functions.
  • Participates in developing performance reports using advanced analytics.
  • Handles complex ad-hoc information requests from internal and external stakeholders.
  • Collaborates on cross-functional efforts to improve data quality.
  • Monitors control outputs and investigates alerts from system checks.

Benefits

  • Industry-leading benefits package with access to paid time off.
  • Resources and support for employee development and growth.
  • Opportunities to contribute to business sustainability and community impact.
Full Job Description

Job Description:

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 risk

  • Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies

  • Provides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met

  • Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data

  • Supports 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 checks

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation. 

Job Profile Summary
This role is responsible for analyzing data flows, business processes, and operational controls supporting critical enterprise activities. The position applies analytical thinking, process management, risk assessment, and technology capabilities to identify data quality concerns, process inefficiencies, control gaps, and operational risks while supporting efforts to improve data integrity, operational effectiveness, and business outcomes. The role partners with stakeholders across business, risk, finance, operations, technology, audit, and other functions to support issue resolution, process improvement, and informed decision-making.

Responsibilities

  • Evaluate business processes, data flows, and operational data to identify data integrity and quality concerns, trends, anomalies, risks, and opportunities to improve the accuracy, completeness, and effectiveness of critical business processes and outcomes.

  • Partner with stakeholders across business, risk, finance, operations, technology, and audit functions to support process evaluations, issue resolution, and improvement initiatives.

  • Leverage data analytics, reporting, automation, AI-enabled tools, and quantitative techniques to identify trends, communicate insights, and improve business outcomes.

  • Develop reporting, dashboards, and visualizations that communicate performance metrics, risks, trends, and opportunities to stakeholders.

  • Support governance, risk management, and continuous improvement initiatives that strengthen controls, enhance process resiliency, and increase operational effectiveness.

Minimum Education Requirements 

  • Bachelor's degree or above in Finance, Accounting, Economics, Business Administration, Information Management, Data Analytics, Statistics, Engineering, or related field

Required Skills

  • Learning Agility: Quickly assimilates new concepts, technologies, business processes, and organizational priorities while adapting effectively to changing business needs.

  • Process Excellence: Applies a process-centric mindset to understand end-to-end workflows, identify inefficiencies, evaluate controls, and support operational improvements.

  • Data & Analytical Thinking: Leverages analytical, quantitative, and problem-solving techniques to evaluate complex data flows, identify risks, uncover insights, and support data-driven decision-making.

  • Risk & Controls Mindset: Applies risk management principles and sound judgment to identify, assess, and mitigate operational, process, compliance, and data-related risks.

  • Technology & Innovation: Utilizes data analytics, SQL, automation, AI, GenAI, process analysis, or related technologies to identify issues, improve decision-making, strengthen controls, and increase operational efficiency.

  • Stakeholder Management & Communication: Strong communication, and stakeholder engagement skills with the ability to work effectively across functions, manage competing priorities, and deliver high-quality results.

  • Business & Financial Acumen: Demonstrates understanding of financial services, banking, risk management, operations and governance. 

  • Regulated Environment Experience: Experience operating in environments where data quality, risk management, controls, compliance, and operational resiliency are critical to business performance.

Skills:

  • Attention to Detail

  • Business Intelligence

  • Data and Trend Analysis

  • Risk Analytics

  • Risk Management

  • Adaptability

  • Collaboration

  • Continuous Improvement

  • Data Visualization

  • Project Management

  • Business Acumen

  • Issue Management

  • Regulatory Relations

  • Stakeholder Management

  • Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

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.

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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