Risk Specialist
New York, New York;Charlotte, North Carolina
**Job Description:**
**Job Description and Responsibilities**
Responsible for performing more complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports senior management. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop more complex program models to extract data and use databases to provide statistical and financial modeling. Analyzes portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Will participate in the rollout of company-wide pilot programs developed as a result of programmed models. Duties primarily include the regular use of discretion and independent judgment.
Programming experience and relevant degree or large data experience required.
The transaction banking industry is in an unprecedented state of transformation given real-time data and money movement within and across borders utilizing emerging technologies. In GTS, we are dedicated to turning technology advances into treasury solutions for our clients globally in all segments and industries. We are leading transaction services innovation across FX, payments, receivables, liquidity management, trade and supply chain finance, and our Risk team is critical to our success.
The Global Transaction Services (GTS) Risk Analyst will implement and execute governance and reporting routines to drive consistency for the Enterprise Product Risk Governance framework. Responsibilities will include monitoring of adherence to the multiple policies and procedures for the GTS related product initiatives and ongoing product management activities. The position also requires the individual to build and maintain relationships with GTS Product and Sales teams and key partners including risk, technology, operations and other organizations. The successful candidate will be a decisive results-oriented individual with a very high attention to detail and demonstrable accuracy of work product with an interest in operational excellence.
**Key Responsibilities:**
+ Execute the monthly product risk management reporting for internal loss data, metrics and issues management including validation of the product alignments with key partners including product teams, operations and technology partners
+ Produce key product, risk committee and board level metrics and reporting including support of annual governance review process
+ Act a key contact for the GTS Product Management teams for requirements related to product initiatives and ongoing product management activities
+ Interact and partner with associates in the GTS Product teams to provide expertise and education, and oversight of the product risk assessments
+ Develop routines to monitor adherence with Product Risk Management Enterprise Policy and GTS product risk governance procedures
+ Maintain the GTS product risk governance procedures
+ Manage the GTS product initiatives pipeline including review of Pre-New Product Approval screening submissions, and process management for any required Product Risk Management Committee approvals
+ Manage the stop sell / sunset process including maintaining the guidance, checklists and other key materials
+ Support the GTS Product Risk Management Committee including generation of materials, coordination of meeting and documentation of minutes
+ Develop training materials and conduct training on product risk governance framework requirements
+ Support for audit and regulatory exams requests
**Required Skills: "Must" have these skills to be minimally qualified.**
+ Exceptional attention to detail and a passion for operational excellence and process improvement
+ Highly organized, ability to effectively prioritize and execute tasks in a fast paced environment
+ Ability to develop and manage relationships with key partners across the business based on trust, teamwork and knowledge
+ Ability to work independently
+ Strong verbal and written communication skills, with the ability to effectively and concisely present information
+ Interact with the senior leadership team, respective business support leads and technology leaders
+ Project management
+ Solid Excel and PowerPoint skills
+ BA/BS degree
**Desired Skills:**
+ Experience in a transaction banking/payments business a plus but not required
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**Job Description and Responsibilities**
Responsible for performing more complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports senior management. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop more complex program models to extract data and use databases to provide statistical and financial modeling. Analyzes portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Will participate in the rollout of company-wide pilot programs developed as a result of programmed models. Duties primarily include the regular use of discretion and independent judgment.
Programming experience and relevant degree or large data experience required.
The transaction banking industry is in an unprecedented state of transformation given real-time data and money movement within and across borders utilizing emerging technologies. In GTS, we are dedicated to turning technology advances into treasury solutions for our clients globally in all segments and industries. We are leading transaction services innovation across FX, payments, receivables, liquidity management, trade and supply chain finance, and our Risk team is critical to our success.
The Global Transaction Services (GTS) Risk Analyst will implement and execute governance and reporting routines to drive consistency for the Enterprise Product Risk Governance framework. Responsibilities will include monitoring of adherence to the multiple policies and procedures for the GTS related product initiatives and ongoing product management activities. The position also requires the individual to build and maintain relationships with GTS Product and Sales teams and key partners including risk, technology, operations and other organizations. The successful candidate will be a decisive results-oriented individual with a very high attention to detail and demonstrable accuracy of work product with an interest in operational excellence.
**Key Responsibilities:**
+ Execute the monthly product risk management reporting for internal loss data, metrics and issues management including validation of the product alignments with key partners including product teams, operations and technology partners
+ Produce key product, risk committee and board level metrics and reporting including support of annual governance review process
+ Act a key contact for the GTS Product Management teams for requirements related to product initiatives and ongoing product management activities
+ Interact and partner with associates in the GTS Product teams to provide expertise and education, and oversight of the product risk assessments
+ Develop routines to monitor adherence with Product Risk Management Enterprise Policy and GTS product risk governance procedures
+ Maintain the GTS product risk governance procedures
+ Manage the GTS product initiatives pipeline including review of Pre-New Product Approval screening submissions, and process management for any required Product Risk Management Committee approvals
+ Manage the stop sell / sunset process including maintaining the guidance, checklists and other key materials
+ Support the GTS Product Risk Management Committee including generation of materials, coordination of meeting and documentation of minutes
+ Develop training materials and conduct training on product risk governance framework requirements
+ Support for audit and regulatory exams requests
**Required Skills: "Must" have these skills to be minimally qualified.**
+ Exceptional attention to detail and a passion for operational excellence and process improvement
+ Highly organized, ability to effectively prioritize and execute tasks in a fast paced environment
+ Ability to develop and manage relationships with key partners across the business based on trust, teamwork and knowledge
+ Ability to work independently
+ Strong verbal and written communication skills, with the ability to effectively and concisely present information
+ Interact with the senior leadership team, respective business support leads and technology leaders
+ Project management
+ Solid Excel and PowerPoint skills
+ BA/BS degree
**Desired Skills:**
+ Experience in a transaction banking/payments business a plus but not required
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22061827
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Tamika Gabriel
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.
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