Cons Prod Strategic Analyst IV - Model Management - Credit Assistance
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!
Job Summary:
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.
LossForecastingandStrategyValidationfunctionalareawithinCreditAssistanceorganizationislookingforanenergetic,analytical,organized,andexperiencedindividualwithasolidtrackrecordintakingtheleadroleinprocessandprojectmanagement,analytics,andpreferablymodelingactivities.CreditAssistanceplaysacriticalroleinachievingResponsibleGrowth,andisguidedbyourcommonpurposetohelpmakefinanciallivesbetter.Intheprocess,itiscriticalforustoidentify,measure,mitigateandcontrolrisksassociatedwithouractivitiesandprocesses.TheincumbentalsoplaysanimportantparttoensureCreditAssistanceorganizationisincompliantwiththerelevantbank'sriskmanagementpolicyandframework,specificallyModelRiskManagementandDecisionStrategyGovernance.
ThisroleisresponsibleformodelmanagementforCreditAssistance,includingcontrolprocesscreation,assessment,maintenanceandexecution.Specifically,theincumbentisresponsibleformanagingmodelriskrelatedactivities,suchasmodelidentificationtraining,modelidentification,modelinventorymanagement,servingasaliaisonwithMRMandotherpartnersregardingmodel,modelidentification,modeloverlay/overriseandcriticaluseofspreadsheet.
Responsibilities:
? Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
? Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
? Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
? Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
? Modelinventorymanagement,suchaskeepingmodelinventorycurrentandaccurate,conductingquarterlyattestationandrelatedactivities
? ModeloverlaymanagementinLossForecasting
? ModelidentificationprocessdesignedforCreditAssistanceStrategydevelopment,andchanges
? Modelidentificationtraining,leadingandconductingmodelSMEgroupdiscussions,andrelatedactivities
? StayingupdatedwhenMRMpoliciesandprocedurechangesthatarerelatedtomodelusers
Required Qualifications:
? Experienceofworkingwithmodels,familiarwithmodelusesandMRMcontrolpoliciesandprocesses
? Strongstrategicthinkingskillswithatrackrecordofbeingabletobreakcomplexproblemsdowntodrawconclusionsandcreateactionplans
? StronganalyticskillstoplayakeyroleininfluencingCreditAssistancemodelriskcontrolprocessesandprocedures
? Experienceindevelopingoruseofstrategiesthatdecisionsmanagecreditrisks,suchasunderwriting,collections,orfraud
? Abilitytoworkacrossfunctionallinesandorganizationallevelstodriveresults
? Strongwritten,andverbalcommunicationsskills
Desired Qualifications:
? Heldmodeldevelopmentormodelriskmanagementroles
? Handsontechnicalskillsinprogramminglanguages,suchasSQLandSAS
? StrongproficiencywithMicrosoftExcel,PowerPoint,etc.
? Experienceincollectionsandrecovery
? 5+yearsStrategyManagementexperiencepreferred
Skills:
? Analytical Thinking
? Business Analytics
? Data and Trend Analysis
? Fraud Management
? Problem Solving
? Collaboration
? Innovative Thinking
? Monitoring, Surveillance, and Testing
? Presentation Skills
? Risk Management
? Data Visualization
? Interpret Relevant Laws, Rules, and Regulations
? Issue Management
? Oral Communications
? Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032)
Pay and benefits information
Pay range
$99,700.00 - $157,800.00 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.
Apply Now
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!
Job Summary:
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.
LossForecastingandStrategyValidationfunctionalareawithinCreditAssistanceorganizationislookingforanenergetic,analytical,organized,andexperiencedindividualwithasolidtrackrecordintakingtheleadroleinprocessandprojectmanagement,analytics,andpreferablymodelingactivities.CreditAssistanceplaysacriticalroleinachievingResponsibleGrowth,andisguidedbyourcommonpurposetohelpmakefinanciallivesbetter.Intheprocess,itiscriticalforustoidentify,measure,mitigateandcontrolrisksassociatedwithouractivitiesandprocesses.TheincumbentalsoplaysanimportantparttoensureCreditAssistanceorganizationisincompliantwiththerelevantbank'sriskmanagementpolicyandframework,specificallyModelRiskManagementandDecisionStrategyGovernance.
ThisroleisresponsibleformodelmanagementforCreditAssistance,includingcontrolprocesscreation,assessment,maintenanceandexecution.Specifically,theincumbentisresponsibleformanagingmodelriskrelatedactivities,suchasmodelidentificationtraining,modelidentification,modelinventorymanagement,servingasaliaisonwithMRMandotherpartnersregardingmodel,modelidentification,modeloverlay/overriseandcriticaluseofspreadsheet.
Responsibilities:
? Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
? Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
? Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
? Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
? Modelinventorymanagement,suchaskeepingmodelinventorycurrentandaccurate,conductingquarterlyattestationandrelatedactivities
? ModeloverlaymanagementinLossForecasting
? ModelidentificationprocessdesignedforCreditAssistanceStrategydevelopment,andchanges
? Modelidentificationtraining,leadingandconductingmodelSMEgroupdiscussions,andrelatedactivities
? StayingupdatedwhenMRMpoliciesandprocedurechangesthatarerelatedtomodelusers
Required Qualifications:
? Experienceofworkingwithmodels,familiarwithmodelusesandMRMcontrolpoliciesandprocesses
? Strongstrategicthinkingskillswithatrackrecordofbeingabletobreakcomplexproblemsdowntodrawconclusionsandcreateactionplans
? StronganalyticskillstoplayakeyroleininfluencingCreditAssistancemodelriskcontrolprocessesandprocedures
? Experienceindevelopingoruseofstrategiesthatdecisionsmanagecreditrisks,suchasunderwriting,collections,orfraud
? Abilitytoworkacrossfunctionallinesandorganizationallevelstodriveresults
? Strongwritten,andverbalcommunicationsskills
Desired Qualifications:
? Heldmodeldevelopmentormodelriskmanagementroles
? Handsontechnicalskillsinprogramminglanguages,suchasSQLandSAS
? StrongproficiencywithMicrosoftExcel,PowerPoint,etc.
? Experienceincollectionsandrecovery
? 5+yearsStrategyManagementexperiencepreferred
Skills:
? Analytical Thinking
? Business Analytics
? Data and Trend Analysis
? Fraud Management
? Problem Solving
? Collaboration
? Innovative Thinking
? Monitoring, Surveillance, and Testing
? Presentation Skills
? Risk Management
? Data Visualization
? Interpret Relevant Laws, Rules, and Regulations
? Issue Management
? Oral Communications
? Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032)
Pay and benefits information
Pay range
$99,700.00 - $157,800.00 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.
Apply Now