Reporting & Governance Sr Analyst
Bank of America
Reporting & Governance Sr Analyst
Charlotte, North Carolina;Jersey City, New Jersey
**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. We’re 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:**
Works with senior management and other team members to implement enhancements to reporting and analysis packages for senior management forums and committees plus the implementation of improved reporting and data mining tools and metrics. Ensures that the team produces regulatory and economic risk capital reports and data inputs respectively. Produces regularly scheduled reports including stress and back testing and responds to ad hoc reporting and analysis requests. May manage a small team of analysts or own key reports and or processes. Strong finance, risk or compliance background with quantitative skills preferred.
Global Markets Risk Management serves as independent market risk oversight of the Firm’s trading activities. The Global Market Risk Stress Testing team within this organization is responsible for the implementation and management of critical enterprise processes and analysis to support the global markets business and senior risk management.
The team is seeking a highly motivated individual to support regulatory reporting (FR Y-14Q Schedule F) associated with market risk stress testing. The candidate will support both ongoing BAU and initiative / improvement work in this reporting schedule. The candidate in this role will have a wide range of responsibilities from supporting the end-to-end report production process, running a suite of controls on the final report, responding to ad hoc questions from senior leaders and regulators, maintaining process and control documentation and driving improvements in the overall process.
This work will require extensive engagement across risk functions and other partners across the Firm. The candidate will also be a key participant in compliance, audit and regulatory testing related to the reporting schedule.
**Primary Responsibilities include:**
a. Ownership of the end-to-end report production process
b. Maintaining a strong control environment for the reporting process
c. Fielding ad-hoc questions on reports from regulators, internal senior risk leaders, and audit partners
d. Working with technology and data partners to correct issues and enhance functionality
e. Maintain and develop documentation on processes
**Required skills:**
-- Incumbents typically have 5 years of experience in the financial industry, ideally with knowledge of market risk concepts
-- Very high level of Microsoft Excel proficiency
-- Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment
-- Highly proficient at communication with ability to influence co-workers across our global team and all levels of the organization
-- Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes
-- Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
-- Attention to detail
**Desired skills:**
-- Familiarity with market risk metrics like Value-at-Risk (VaR), greeks and stress testing
-- Academic achievement in quantitative disciplines such as mathematics or statistics
-- Understanding of traded products across all asset classes
-- Familiarity with coding, Python or SQL
**Skills:**
+ Attention to Detail
+ Data Quality Management
+ Data and Trend Analysis
+ Prioritization
+ Reporting
+ Analytical Thinking
+ Continuous Improvement
+ Problem Solving
+ Risk Management
+ Written Communications
+ Business Process Analysis
+ Controls Management
+ Data Visualization
+ Process Design
+ Regulatory Relations
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Pay Transparency details**
US - NJ - Jersey City - 525 Washington Blvd (NJ2525)
Pay and benefits information
Pay range
$100,000.00 - $154,900.00 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.
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.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
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 America’s 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.
Confirm your E-mail: Send Email
All Jobs from Bank of America