Bank of America Corporation

Risk Analysis Specialist III

Bank of America Corporation$114K — $174K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in relevant fields such as Finance, Economics, or Data Science.
  • 5+ years of relevant work experience in risk management and data analysis.
  • Strong SQL and Python proficiency for data manipulation and analysis.
  • Proficient in data visualization and familiar with enterprise data platforms like Hadoop.
  • Excellent communication skills to engage with technical and non-technical stakeholders.

Responsibilities

  • Develops and executes risk management reporting for stakeholders.
  • Identifies data trends and manages the portfolio dynamics.
  • Participates in strategic initiatives affecting multiple business lines.
  • Facilitates production of performance reports through advanced analytics.
  • Responds to complex data requests from internal and external parties.
  • Coordinates cross-functional efforts to tackle data quality issues.
  • Manages control outputs and investigates any alerts from monitoring systems.

Benefits

  • Access to paid time off and industry-leading benefits.
  • Resources and support focused on employee contributions.
  • Opportunities for annual discretionary bonuses based on performance.
Full Job Description
Job Description:

This job is responsible for performing analytical requests, reporting and analysis, and assisting with modeling activities to help manage risk and minimize credit and operating losses. Key responsibilities include overseeing portfolio trends, developing data sets or queries to extract data, and supporting the production of internal and external reporting needs. Job expectations include effectively driving information and insights which have significantly impact regulatory, financial accountability, and directly impact to business policies and goals.

Responsibilities:
  • Develops and executes reporting to allow risk and business partners to effectively identify and manage risk in an effective manner
  • Identifies trends and manages the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
  • Participates in various product strategic initiatives affecting multiple risk functions and lines of business to ensure company goals are met
  • Facilitates the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
  • Responds to complex ad-hoc requests for information from both internal and external parties
  • Coordinates cross-functional efforts to remediate data quality issues
  • Manages the outputs of controls and investigates alerts from the control checks


The Data Connections Subject Matter Expert (SME) Lead is responsible for developing deep expertise in business processes, data sources, data flows, and system architecture to enable automated testing that delivers timely, actionable, and risk-focused insights into the operational health of Bank of America processes. The role serves as a key liaison between business, technology, and testing teams to establish scalable data connectivity solutions that support automation, analytics, and continuous monitoring initiatives. Key responsibilities include:
  • Stakeholder Engagement & Data Discovery: Partner with business stakeholders, application managers, and technology teams to understand business processes, data requirements, system architectures, and testing needs, translating these into scalable data connectivity solutions that support automation initiatives.
  • Data Connectivity & Automation Enablement: Design, implement, and optimize data connections that enable automated testing, analytics, and monitoring capabilities while leveraging emerging technologies and automation solutions to improve efficiency, scalability, and adoption of new platforms.
  • Project Leadership & Continuous Improvement: Lead cross-functional data quality, automation, and connectivity initiatives while driving process simplification, operational excellence, and continuous improvement across the end-to-end data onboarding and management lifecycle.
  • Governance, Controls & Performance Management: Ensure data connectivity processes operate in accordance with established governance standards, service level agreements, quality controls, and performance metrics while promoting sustainable, reliable, and compliant solutions.


Required Qualifications:
  • Leadership, Ownership & Continuous Improvement
  • Demonstrates strong critical thinking and problem-solving skills, with the ability to understand end-to-end business processes, data flows, and technology dependencies.
  • Takes ownership of deliverables, effectively prioritizes competing demands, and drives high-quality outcomes in a fast-paced environment.
  • Identifies opportunities to improve processes, strengthen controls, and increase operational efficiency through automation, standardization, and continuous improvement.
  • Stakeholder Management & Communication
  • Strong written, verbal, and presentation skills with the ability to communicate complex technical concepts to technical, business, and executive audiences.
  • Builds strong relationships across business and technology teams, effectively influencing stakeholders and driving alignment on priorities and solutions.
  • Demonstrates sound judgment, asks insightful questions, and translates complex requirements into clear, actionable recommendations.
  • Technical & Data Expertise
  • Strong understanding of structured and unstructured data, database concepts, data architectures, and data integration patterns.
  • Proficient in SQL and Python, with experience analyzing data, troubleshooting issues, and developing scalable data solutions.
  • Experience working with enterprise data platforms and technologies such as Hadoop, Trino, and other large-scale data environments, along with advanced proficiency in Microsoft Excel and PowerPoint.


Required Education & Experience:
  • Bachelor's degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration
  • 5+ years of relevant work experience


Skills:
  • Business Intelligence
  • Data Visualization
  • Issue Management
  • Project Management
  • Risk Management
  • Business Acumen
  • Continuous Improvement
  • Risk Analytics
  • Stakeholder Management
  • Technical Documentation
  • Adaptability
  • Attention to Detail
  • Data and Trend Analysis
  • Performance Management
  • Regulatory Relations


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$114,500.00 - $174,800.00 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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