Charlotte, North Carolina

Job Description:

The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America's legal entities. The Allowance Analyst role is responsible for the review and analysis of the allowance for loan losses and related forecasting and stress testing as well as the communication to key Risk and business partners. The candidate will work with large sets of data to analyze, understand drivers and prepare summaries to management. They will lead dashboard development and explore report automation. Additional projects and analysis may focus on specific end-to-end loss forecasting and allowance related processes or functions. In addition, this individual may be involved in ad-hoc management reporting around key asset quality exposures (e.g. nonperforming loan metrics, peer analysis, etc.). The position will provide a well-rounded, balanced role with opportunities for interaction with other risk / finance teams, statistical modeling teams, senior management, auditors and regulators. Strong analytical, communication, presentation, and time management skills are required.

Detailed responsibilities include:
- Assist the Consumer Allowance team with forecast and quarter end close processes. The individual will be working in a dynamic and challenging environment as the role has exposure to all of the production cycles and processes related to the calculation and analysis of allowance results for the Consumer loan portfolio
- Understand and analyze the imprecision process
- Work with Global Risk Analytics Loss Forecast modeling teams to understand model drivers and their impacts to Allowance
- Assist in completion of quarterly enterprise stress test scenarios each quarter ensuring sufficient reserves and appropriate allowance adequacy
- Respond to management and business partner requests, providing necessary analytical, allowance and reporting support

Required Skills and Experience:
- Bachelor's Degree required (accounting, finance, risk a plus)
- 5+ years in analyst type role in a financial institution or in consumer allowance
- Strong attention to detail in all aspects of work
- Ability to learn new tools (SQL, Tableau, Alteryx, Microstrategy)
- Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting (debits/credits)
- Strong communicator - Clearly conveys information and ideas through a variety of channels to individuals or groups in a way that engages and impacts the audience
- Ability to work on a variety of projects
- Ability to anticipate follow up questions and challenges from stakeholders
- Self-starter, must show initiative and ability to connect dots, maintain a sense of ownership
- Strong organization and writing skills
- Teamwork - Fosters collaboration among team members and business partners throughout the enterprise
- Resourceful - Systematically acquires relevant information to support key decisions
- eLedger experience

Desired Skills and Experience:
- Proficient using SQL or SAS, on large datasets for data analysis
- Familiarity/ experience with models, tools (SQL, Tableau, Alteryx, Microstrategy)
- Audit or controls background a plus

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America's legal entities. The Allowance Analyst role is responsible for the review and analysis of the allowance for loan losses and related forecasting and stress testing as well as the communication to key Risk and business partners. The candidate will work with large sets of data to analyze, understand drivers and prepare summaries to management. They will lead dashboard development and explore report automation. Additional projects and analysis may focus on specific end-to-end loss forecasting and allowance related processes or functions. In addition, this individual may be involved in ad-hoc management reporting around key asset quality exposures (e.g. nonperforming loan metrics, peer analysis, etc.). The position will provide a well-rounded, balanced role with opportunities for interaction with other risk / finance teams, statistical modeling teams, senior management, auditors and regulators. Strong analytical, communication, presentation, and time management skills are required.

Detailed responsibilities include:
- Assist the Consumer Allowance team with forecast and quarter end close processes. The individual will be working in a dynamic and challenging environment as the role has exposure to all of the production cycles and processes related to the calculation and analysis of allowance results for the Consumer loan portfolio
- Understand and analyze the imprecision process
- Work with Global Risk Analytics Loss Forecast modeling teams to understand model drivers and their impacts to Allowance
- Assist in completion of quarterly enterprise stress test scenarios each quarter ensuring sufficient reserves and appropriate allowance adequacy
- Respond to management and business partner requests, providing necessary analytical, allowance and reporting support

Required Skills and Experience:
- Bachelor's Degree required (accounting, finance, risk a plus)
- 5+ years in analyst type role in a financial institution or in consumer allowance
- Strong attention to detail in all aspects of work
- Ability to learn new tools (SQL, Tableau, Alteryx, Microstrategy)
- Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting (debits/credits)
- Strong communicator - Clearly conveys information and ideas through a variety of channels to individuals or groups in a way that engages and impacts the audience
- Ability to work on a variety of projects
- Ability to anticipate follow up questions and challenges from stakeholders
- Self-starter, must show initiative and ability to connect dots, maintain a sense of ownership
- Strong organization and writing skills
- Teamwork - Fosters collaboration among team members and business partners throughout the enterprise
- Resourceful - Systematically acquires relevant information to support key decisions
- eLedger experience

Desired Skills and Experience:
- Proficient using SQL or SAS, on large datasets for data analysis
- Familiarity/ experience with models, tools (SQL, Tableau, Alteryx, Microstrategy)
- Audit or controls background a plus

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

The Credit Risk Information Strategy and Allowance (CRISA) team sits within Enterprise Credit Risk and supports the allowance function for US GAAP and all Bank of America's legal entities. The Allowance Analyst role is responsible for the review and analysis of the allowance for loan losses and related forecasting and stress testing as well as the communication to key Risk and business partners. The candidate will work with large sets of data to analyze, understand drivers and prepare summaries to management. They will lead dashboard development and explore report automation. Additional projects and analysis may focus on specific end-to-end loss forecasting and allowance related processes or functions. In addition, this individual may be involved in ad-hoc management reporting around key asset quality exposures (e.g. nonperforming loan metrics, peer analysis, etc.). The position will provide a well-rounded, balanced role with opportunities for interaction with other risk / finance teams, statistical modeling teams, senior management, auditors and regulators. Strong analytical, communication, presentation, and time management skills are required.

Detailed responsibilities include:
- Assist the Consumer Allowance team with forecast and quarter end close processes. The individual will be working in a dynamic and challenging environment as the role has exposure to all of the production cycles and processes related to the calculation and analysis of allowance results for the Consumer loan portfolio
- Understand and analyze the imprecision process
- Work with Global Risk Analytics Loss Forecast modeling teams to understand model drivers and their impacts to Allowance
- Assist in completion of quarterly enterprise stress test scenarios each quarter ensuring sufficient reserves and appropriate allowance adequacy
- Respond to management and business partner requests, providing necessary analytical, allowance and reporting support

Required Skills and Experience:
- Bachelor's Degree required (accounting, finance, risk a plus)
- 5+ years in analyst type role in a financial institution or in consumer allowance
- Strong attention to detail in all aspects of work
- Ability to learn new tools (SQL, Tableau, Alteryx, Microstrategy)
- Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting (debits/credits)
- Strong communicator - Clearly conveys information and ideas through a variety of channels to individuals or groups in a way that engages and impacts the audience
- Ability to work on a variety of projects
- Ability to anticipate follow up questions and challenges from stakeholders
- Self-starter, must show initiative and ability to connect dots, maintain a sense of ownership
- Strong organization and writing skills
- Teamwork - Fosters collaboration among team members and business partners throughout the enterprise
- Resourceful - Systematically acquires relevant information to support key decisions
- eLedger experience

Desired Skills and Experience:
- Proficient using SQL or SAS, on large datasets for data analysis
- Familiarity/ experience with models, tools (SQL, Tableau, Alteryx, Microstrategy)
- Audit or controls background a plus

Shift:
1st shift (United States of America)

Hours Per Week:
40
Learn more about this role

Charlotte, North Carolina

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