Risk Analysis Sr. Manager

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing, and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

BACKGROUND
Global Risk Management (GRM) leads bank-wide initiatives for management of all aspects of risk, including strategic, market, credit, compliance, liquidity, operational, model, and reputational risk matters to support sustainable, profitable corporate growth.

In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we have established the Data Strategy & Management (DSM) function. A key pillar of this function is a growing Strategic Coordination and Implementation (SCI) team.

Under DSM Executive’s leadership, the SCI team will develop a holistic vision on how best to structure data sourcing and data quality control strategy for GRM so it can unlock business value. This role provides you with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to co-develop solutions for GRM that drive the greatest value across the organization.

ROLE DESCRIPTION
This role will collaborate with the GRA & Markets Behaviors Surveillance team to help build different business cases and scenarios for identification of behaviors related to market manipulation.

• Collaboration with GRA & Markets Behaviors Surveillance team within GRM to understand the business case problems.

• Identification, evaluation and research on different use cases and scenarios for the trade surveillance – market disruption, market manipulation, financial or regulatory risks

• Identification of key trends, patterns in trading behaviors and market activities

• Work with the modeling team to provide market structure and regulatory expertise to build surveillance models.

• Participate in model design, development, and testing.

• Works in the development, execution, and enhancement of reporting to allow Risk and business partners to effectively identify and manage risk.

• Oversees the analysis of trends and oversees the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies.

• Serves as a liaison between the data, technology, and reporting teams in support of strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met.

• Reviews database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data.

• Manages communications related to complex ad-hoc requests for information from both internal and external parties, ensuring requests are addressed.

• Leads cross-functional strategic efforts to remediate data quality issues.

• Provides oversight of relevant systems and assures controls are operating effectively based on feedback received from the control checks and reviews.

QUALIFICATIONS

• 4 years of experience in global markets related to trading, controls, regulations or surveillance in one or more of these asset classes - Equities, FX, Commodities, Interest Rates, Credits 

• Bachelors or Masters in computer science, finance, Information Systems or related field or relevant work experience.

• Understanding of financial markets and product

• Ability to monitor tight deadlines and adapt to unexpected requirement changes.

• Self-motivated with an ability to work on one’s own with a strong sense of ownership and accountability in high-pressure situations.

PREFERRED QUALIFICATIONS

• Experience of programming in one or more among SQL, C/C , Java, python

• Familiarity with one of the following areas – Trading, Consumer Banking, Wealth Management, Transaction Banking, Compliance Surveillance

• Understanding of algorithmic trading, their impact on markets and controls

• Experience in implementation/design of basic controls in trade surveillance systems

• Familiarity with different data types – orders, executions, market data

• counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to co-develop solutions for GRM that drive the greatest value across the organization.
   

General Job Description:

This job is responsible for leading a team supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include managing the review and analysis of portfolio trends, directing 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:

• Oversees the development, execution, and enhancement of reporting to allow Risk and business partners to effectively identify and manage risk

• Oversees the analysis of trends and oversees the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies

• Serves as a liaison between the data, technology, and reporting teams in support of strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met

• Oversees database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data

• Manages communications related to complex ad-hoc requests for information from both internal and external parties, ensuring requests are addressed

• Leads cross-functional strategic efforts to remediate data quality issues

• Provides oversight of relevant systems and assures controls are operating effectively based on feedback received from the control checks and reviews

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.

• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.

• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.

• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating teamwork.

Skills:

• Performance Management

• Project Management

• Regulatory Relations

• Risk Management

• Stakeholder Management

• Business Acumen

• Continuous Improvement

• Issue Management

• Risk Analytics

• Technical Documentation

• Adaptability

• Attention to Detail

• Business Intelligence

• Data Visualization

• Data and Trend Analysis

Shift:

Hours Per Week: