Data Support Sr Analyst - New York, NY
New York, New York
**Job Description:**
**LOB Specific Description:**
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.
Job Description
The Governance team within the Quantitative Services Risk Operations (QRSO) Group is responsible for continuously reviewing, enhancing control and governance processes, updating documents within all functional areas in Risk Operations that include Market Risk, Prime Brokerage, Counterparty Credit Risk, Product and Model Governance. This role requires the data management analyst to work closely with the Global Market Risk team and ensure that controls executed comply with all relevant enterprise and regulatory requirements.
Responsibilities
+ May supervise a small group of associates.
+ Identify opportunities and suggest solutions to improve data quality and business processes.
+ Implement a governance framework over all reconciliations, identify gaps in current setup and work to create a routine for exception handling and standardization.
+ Communicate with internal and external auditors and enterprise testing teams and coordinate enterprise data testing efforts.
+ Be the key POC in Risk Operations for Single Process Inventory (SPI) development and lead/sign-off reviews for critical spreadsheet attestation and changes.
+ Develop a governance process for metrics such as Key Risk Indicators (KRI's) and Key Performance Indicator's (KPI's) and work to create a four eye review process to ensure accuracy of data.
+ Participate in Disaster Recovery Planning and lead efforts in the annual plan renewal exercise for all sites in Risk Operations.
+ Lead efforts to enhance the Month-end Recon and DQ reporting, review risk metrics and numbers and explore best practices for analyzing trends in metrics.
+ Identify compliance control gaps and drive long term remediation of key issues.
+ Work directly with senior management from various teams to identify necessary steps to ensure compliance to constantly evolving regulatory requirements in the Risk Data Management and Reporting space.
+ Work with other groups as needed, including Global Market Risk, Technology, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data.
**Required Skills:** (Must have these skills to be minimally qualified)
+ Data background, including query tools (e.g. SQL), data flow (e.g. lineage), and reporting (e.g. Tableau).
+ An understanding of financial risk.
+ Ability to critically analyze existing processes with a view to improve processes and the perceptiveness to appreciate the benefits of striving towards a target state operating model.
+ Strong communication skills and the ability to build and maintain good working relationships with risk managers.
+ Strong leadership experience, sound judgment, ability to identify and remediate issues.
+ Excellent time management, self-motivated and the ability to prioritize deliverables.
**Other Qualifications:**
+ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
+ Excels in working among diverse viewpoints to determine the best path forward.
+ Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.
+ Commitment to challenging the status quo and promoting positive change.
+ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
+ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
**Enterprise Role Overview:**
May manage or supervise a small group. Proactively monitor and remediate incoming data used in risk measurement and reporting. Ensure the completeness, validity, and accuracy of data on a daily basis. Work with business data users to define the use of data within risk systems. Work closely with technology to ensure the timely and accurate operation of risk models and reporting systems. Implement effective risk controls of our data processes and systems. Participate in user acceptance testing of data control processes. Work with other groups as needed, including Middle Office, Sales and Trading, Technology, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data for GMRM.
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**LOB Specific Description:**
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.
Job Description
The Governance team within the Quantitative Services Risk Operations (QRSO) Group is responsible for continuously reviewing, enhancing control and governance processes, updating documents within all functional areas in Risk Operations that include Market Risk, Prime Brokerage, Counterparty Credit Risk, Product and Model Governance. This role requires the data management analyst to work closely with the Global Market Risk team and ensure that controls executed comply with all relevant enterprise and regulatory requirements.
Responsibilities
+ May supervise a small group of associates.
+ Identify opportunities and suggest solutions to improve data quality and business processes.
+ Implement a governance framework over all reconciliations, identify gaps in current setup and work to create a routine for exception handling and standardization.
+ Communicate with internal and external auditors and enterprise testing teams and coordinate enterprise data testing efforts.
+ Be the key POC in Risk Operations for Single Process Inventory (SPI) development and lead/sign-off reviews for critical spreadsheet attestation and changes.
+ Develop a governance process for metrics such as Key Risk Indicators (KRI's) and Key Performance Indicator's (KPI's) and work to create a four eye review process to ensure accuracy of data.
+ Participate in Disaster Recovery Planning and lead efforts in the annual plan renewal exercise for all sites in Risk Operations.
+ Lead efforts to enhance the Month-end Recon and DQ reporting, review risk metrics and numbers and explore best practices for analyzing trends in metrics.
+ Identify compliance control gaps and drive long term remediation of key issues.
+ Work directly with senior management from various teams to identify necessary steps to ensure compliance to constantly evolving regulatory requirements in the Risk Data Management and Reporting space.
+ Work with other groups as needed, including Global Market Risk, Technology, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data.
**Required Skills:** (Must have these skills to be minimally qualified)
+ Data background, including query tools (e.g. SQL), data flow (e.g. lineage), and reporting (e.g. Tableau).
+ An understanding of financial risk.
+ Ability to critically analyze existing processes with a view to improve processes and the perceptiveness to appreciate the benefits of striving towards a target state operating model.
+ Strong communication skills and the ability to build and maintain good working relationships with risk managers.
+ Strong leadership experience, sound judgment, ability to identify and remediate issues.
+ Excellent time management, self-motivated and the ability to prioritize deliverables.
**Other Qualifications:**
+ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
+ Excels in working among diverse viewpoints to determine the best path forward.
+ Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.
+ Commitment to challenging the status quo and promoting positive change.
+ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
+ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
**Enterprise Role Overview:**
May manage or supervise a small group. Proactively monitor and remediate incoming data used in risk measurement and reporting. Ensure the completeness, validity, and accuracy of data on a daily basis. Work with business data users to define the use of data within risk systems. Work closely with technology to ensure the timely and accurate operation of risk models and reporting systems. Implement effective risk controls of our data processes and systems. Participate in user acceptance testing of data control processes. Work with other groups as needed, including Middle Office, Sales and Trading, Technology, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data for GMRM.
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22052171
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Viviana Renshaw
Referral Bonus:
0
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) .
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 Americas Drug-free workplace and alcohol policy, CLICK HERE .
