RISK ANALYSIS ANALYST - Bank of America : Job Details

Risk Analysis Analyst

New York, New York;Jersey City, New Jersey; Chicago, Illinois

**Job Description:**

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. Were devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

**Job Description Summary**

Bank of Americas Global Risk Management business is looking for a Risk Analysis Analyst in the **Market Behavior Analytics** group within **Global Risk Analytics.** This group is responsible for developing surveillances and other sophisticated controls over activities in our Global Markets business. These controls detect potentially suspicious activities and patterns of behavior. Building these controls requires knowledge of big data techniques, ability to architect systems that can efficiently scale to hundreds of billions of data points per day, machine learning over unstructured and structured data, graph analytics, and experience with building UI for data rich applications.

**Key responsibilities include:**

+ Understanding financial data: schemas, flow, size, data issues, data controls, etc.

+ Building performant big data pipelines that are the backbone of building large scale surveillance systems.

+ Building surveillance models using sophisticated modeling techniques including machine learning and AI.

+ Testing the efficacy of surveillances using advanced modeling techniques.

**Required Skills:**

+ Successful candidates will have a Bachelors or Masters degree in computer science or related disciplines.

+ Ability to analyze and find interesting patterns in data with at least one of the following:

+ Implement distributed algorithms on large amounts of data using Big Data, batch and streaming technologies like Hadoop, Spark, Flink, Kafka etc.

+ Build user facing UI applications over large amounts of data using technologies like React, Angular, JavaScript etc.

+ Knowledge and working experience with SQL and NoSQL databases such as MongoDB, HBase, Cassandra, Oracle etc. to process large scale data.

+ Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences

+ Ability to effectively present findings, data, and conclusions to members of the team and management.

+ Ability to operate independently with guidance to deliver sub tasks and the ability to participate in group settings.

+ 0-2 years of relevant experience in software engineering in Quantitative Finance or other industries.

**Preferred skills:**

+ Knowledge and experience in machine learning / AI models

+ Knowledge and experience with financial data sets

+ Ability to code proficiently in at least one programming language like Python or Java.

+ Proficiency in SQL and in at least one NoSQL data store.

Responsible for performing database management, analysis and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposure. Provides data/ IM, analytical support to senior associates or managers on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for Senior mgt. Reviews and analyzes trends in current population distributions and recommends strategies. May focus on combination of data management, programming models to extract data and use databases to provide statistical and financial modeling. Analyzes databases/IM design, portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Programming experience like SQL, SAS and/or Micro Strategy experience preferred; 0-2 year experience.

**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), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$33.70 - $40.89 hourly pay, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

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.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free Workplace and Alcohol Policy, CLICK HERE .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.