Bank of America Corporation

Risk Data Modeler III

Bank of America Corporation$104K — $157K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of applicable experience
  • Familiarity with data modeling tools like Power Designer
  • Knowledge of relational and unstructured databases, preferably RDBMS and Hadoop technologies
  • Skills in data architecture, data flow management, and authoritative data source management
  • Experience in data engineering, including building data pipelines and distributed data systems

Responsibilities

  • Leads story refinement and delivery of requirements throughout the project lifecycle
  • Codes solutions for data integration, transformation, and quality control
  • Documents system requirements and collaborates with development teams on feasibility
  • Develops test plans, analyzes test results, and leads triage for issues and errors
  • Collaborates with technology partners to address data management standards and complex problem-solving
  • Manages IT projects to ensure timely delivery and risk adherence
  • Mentors Data Engineers and monitors key performance indicators

Benefits

  • Industry-leading benefits
  • Access to paid time off
  • Resources and support for employee impact
  • Opportunities for performance-based discretionary awards
Full Job Description
Job Description:

This job is responsible for driving efforts to develop and deliver complex data solutions to accomplish technology and business goals. Key responsibilities include leading code design and delivery tasks with the integration, cleaning, transformation and control of data in operational and analytical data systems. Job expectations include liaising with vendors and working with stakeholders and Product and Software Engineering teams to implement data requirements, analyzing performance, and researching and troubleshooting issues within system engineering domains.

Position Summary

A series of strategic projects and regulatory projects (examples, Strategic Risk and PnL [SRPL], Fundamental Review of the Trading Book [FRTB]) in global markets risk area would require senior data modeler with data modeling, data dictionary, data analysis skills. This experienced data professional should be able to interpret business requirements, high level data flows and convert into data elements and data models. The person should be a self starter and passionate about business data modeling. The risk data modeler would work in a data horizontal team that are responsible for database architecture, database platforms, data models, performance engineering and database platform related security vulnerabilities across Global Market Risk Technology (GMRT) and Counterparty Credit Risk Technology (CCRT). The risk data modeler would work closely with the application development teams, business stakeholders, technology infrastructure database administrators to execute projects that are critical to the LOBs and technology partners.

Responsibilities:
  • Leads story refinement and delivery of requirements through the delivery lifecycle and assists team members in resolving technical complexities
  • Codes complex solutions to integrate, clean, transform, and control data, builds processes supporting data transformation, data structures, metadata, data quality controls, dependency, and workload management, assembles complex data sets, and communicates required information for deployment
  • Leads documentation of system requirements, collaborates with development teams to understand data requirements and feasibility, and leverages architectural components to develop client requirements
  • Leads testing teams to develop test plans, contributes to existing test suites including integration, regression, and performance, analyzes test reports, identifies test issues and errors, and leads triage of underlying causes
  • Leads work efforts with technology partners and stakeholders to close gaps in data management standards adherence, negotiates paths forward by thinking outside the box to identify and communicate solutions to complex problems, and leverages knowledge of information systems, techniques, and processes
  • Leads complex information technology projects to ensure on-time delivery and adherence to release processes and risk management and defines and builds data pipelines to enable data-informed decision making
  • Mentors Data Engineers to enable continuous development and monitors key performance indicators and internal controls
  • Strategic projects, Regulatory projects in global markets risk area would require senior data modeler with data modeling, data architecture and data engineering skills.


Required Qualifications:
  • 10+ years of applicable experience
  • Data modeling. Familiarity with data modeling tools like Power Designer
  • Database knowledge on relational and unstructured data is required. Preferably with RDBMS and Hadoop technologies are - db2, oracle, Sybase, impala, kudu, iceberg etc.
  • Data architecture skills like overall data flow management, authoritative data source management, data discovery, data dictionary, data lineage.
  • Data engineering skills - building data pipeline, data ingestion / retrieval, building distributed data systems


Desired Qualifications:
  • Database, SQL, performance tuning, scripting, coding in python / shell / Perl.
  • Messaging like kafka
  • Domain knowledge in finance and risk is preferred.
  • Apache spark


Skills:
  • Analytical Thinking
  • Application Development
  • Data Management
  • DevOps Practices
  • Solution Design
  • Agile Practices
  • Collaboration
  • Decision Making
  • Risk Management
  • Test Engineering
  • Architecture
  • Business Acumen
  • Data Quality Management
  • Financial Management
  • Solution Delivery Process


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)

Pay and benefits information

Pay range

$104,000.00 - $157,700.00 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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