Risk Analysis Analyst – JR-24032432 – New York, New York;

Bank of America

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 SummaryBank of America’s Global Risk Management business is looking for a Risk Analysis Analyst in theMarket Behavior Analyticsgroup withinGlobal 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 Bachelor’s or Master’s 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 audiencesAbility 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 modelsKnowledge and experience with financial data setsAbility 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 DetailBusiness IntelligenceData and Trend AnalysisRisk AnalyticsRisk ManagementAdaptabilityCollaborationContinuous ImprovementData VisualizationProject ManagementBusiness AcumenIssue ManagementRegulatory RelationsStakeholder ManagementTechnical DocumentationShift:1st shift (United States of America)Hours Per Week:40Pay Transparency detailsUS – NJ – Jersey City – 525 Washington Blvd (NJ2525), US – NY – New York – ONE BRYANT PARK – BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$33.70 – $40.89 hourly pay, offers to be determined based on experience, education and skill set.Predictable payThis role is compensated with a base salary and is not incentive eligible.BenefitsThis 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.

 

 

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