Enterprise Fair Lending Research & Analysis Risk Analysis Specialist III

at  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:

Responsible for performing data management, complex analysis, and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. PhD, Master’s degree, or large data experience preferred; Programming experience like SQL, SAS preferred; 7+ years experience.

SKILLS:

• Business Intelligence
• Data Visualization
• Issue Management
• Project Management
• Risk Management
• Business Acumen
• Continuous Improvement
• Risk Analytics
• Stakeholder Management
• Technical Documentation
• Adaptability
• Attention to Detail
• Data and Trend Analysis
• Performance Management
• Regulatory Relations

MINIMUM EDUCATION REQUIREMENT:

Required Skills:

• Bachelor’s degree in applied statistics, operations research, mathematics, physics, or similar quantitative discipline
• Advanced SAS programming or similar experience building analytical models
• Demonstrated experience with managing and manipulating large datasets
• Ability to clearly communicate complex statistical concepts and modeling results either orally or in writing
• Ability to work independently or as part of a group
• Disciplined project management skills to meet critical deadlines in a fast-paced environment

Desired Skills:

• Experience with risk modeling for financial institutions
• Knowledge of regulatory requirements for Fair Lending
• Mortgage banking and/or other consumer lending experience
• Proficient in Microsoft Office

Position is responsible for performing complex statistical analysis and modeling to support the Fair Lending Program and compliance with Bank of America Fair Lending Policy and all Fair Lending laws, rules, and regulations. Incumbent will develop, strengthen and validate existing in-house fair lending modeling and analysis programs used to identify fair lending risks in underwriting, pricing, and other components of the credit cycle for all consumer lending products. Additionally, this role will work to develop and strengthen processes for data mining, assessment, and validation to ensure usability and reliability of the data. Must prepare and present statistical analysis and reports to support regulatory requests and examinations as well as presentation to business units. Additional special projects related to Fair Lending compliance will be assigned in addition to day to day responsibilities.