Bank of America Corporation

Risk Analysis Specialist III

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

Qualifications

  • Bachelor's degree in Finance, Accounting, Economics, Business Administration, Data Analytics or related field.
  • Experience in risk management, controls, compliance, and operational resiliency.
  • Strong analytical and data-driven mindset for process improvement.
  • Ability to adapt quickly to new technologies and regulatory requirements.
  • Proven communication and stakeholder management skills across various functions.
  • Demonstrated understanding of financial services and business performance metrics.
  • Familiarity with regulatory environments critical to operations.

Responsibilities

  • Develops reporting to assist risk management and business partners in identifying risks.
  • Analyzes data trends to align with business strategies and optimize portfolios.
  • Participates in strategic initiatives to enhance multiple risk functions.
  • Creates and improves database production processes for senior management reporting.
  • Handles complex ad-hoc data requests efficiently.
  • Coordinates cross-functional teams to resolve data quality issues.
  • Investigates alerts and manages control outputs effectively.

Benefits

  • Industry-leading benefits package for employees.
  • Access to paid time off and additional resources for work-life balance.
  • Support for employee contributions to sustainable business growth and community impact.
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


This role is responsible for leading the analysis and evaluation of complex data flows and business processes supporting critical enterprise activities. As a senior individual contributor and subject matter expert, the position leverages data analytics, process management, risk assessment, and technology capabilities to identify process weaknesses, data quality concerns, and operational risks, and to recommend strategies that improve the completeness, accuracy, timeliness, and effectiveness of business outcomes. The role partners closely with stakeholders across business, risk, finance, operations, technology, and audit to strengthen process performance and drive sustainable improvements.

Responsibilities:
  • Own and drive complex analyses of business processes, data flows, and operational controls to identify data integrity concerns, process defects, risks, and improvement opportunities, recommending strategies that enhance the completeness, accuracy, validity, and timeliness of critical business processes.
  • Partner with stakeholders across business, risk, finance, operations, technology, and audit functions to evaluate process performance, resolve complex issues, and drive sustainable improvements.
  • Leverage data analytics, automation, AI-enabled tools, and quantitative methodologies to identify trends, risks, and opportunities that improve operational efficiency and process effectiveness.
  • Develop and deliver insights, reporting, and visualizations that communicate process performance, business risks, and improvement opportunities to stakeholders and leadership.
  • Serve as a subject matter expert, providing technical guidance and mentorship to teammates in support of governance, issue remediation, and continuous improvement initiatives.


Requirements:
  • Learning Agility: Quickly assimilates new concepts, technologies, business processes, and regulatory requirements while adapting effectively to changing priorities and environments.
  • Process Excellence: Applies a process-centric mindset to understand end-to-end workflows, identify inefficiencies, evaluate controls, and drive operational improvements.
  • Data & Analytical Thinking: Leverages analytical, quantitative, and problem-solving techniques to evaluate data flows, identify trends and risks, and develop actionable insights that improve business outcomes.
  • Risk & Controls Mindset: Applies risk-based thinking to identify, assess, and mitigate operational, process, and data-related risks while balancing business objectives.
  • Technology & Innovation: Utilizes technology, automation, analytics, AI, and data-driven solutions to improve efficiency, strengthen business processes, and enhance performance.
  • Stakeholder Management: Builds strong partnerships across functions and influences stakeholders through collaboration, credibility, and shared accountability.
  • Communication & Executive Presence: Strong relationship management, communication, stakeholder engagement, and problem-solving skills with the ability to work effectively across multiple business functions.
  • 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.


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


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 - 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

Similar Jobs

More Jobs at Bank of America Corporation

More Finance & Insurance Jobs

Find similar Risk Analysis Specialist III jobs: