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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

JOB DESCRIPTION:

Key responsibilities include driving the data strategy to support the complex data needs of Global Risk Management. Job expectations include effectively leading information and insights which have significant regulatory impact, financial accountability, and direct impact to business policies and goals in an effective manner.

REQUIREMENTS:

• Metadata management
• Data Quality
• Project Management
• Regulatory Relations
• Risk Management
• Stakeholder Management
• Business Acumen
• Continuous Improvement
• Issue Management
• Risk Analytics
• Adaptability
• Attention to Detail
• Data Visualization
• Data and Trend Analysis
• Minimum ten years’ experience

LINE OF BUSINESS JOB DESCRIPTION:

Global Risk Management (GRM) leads bank-wide initiatives for management of all aspects of risk, including strategic, market, credit, compliance, liquidity, operational, model and reputational risk matters to support sustainable, profitable corporate growth.
In a data driven economy, strategic data asset management is foundational to add to the enterprise value. Within GRM, we have established the Data Strategy & Management (DSM) function. A key pillar of this function is a growing Strategic Coordination and Implementation (SCI) team.
Under DSM Executive’s leadership, the team will develop a holistic vision on how best to structure data sourcing and data quality control strategy for GRM so it can unlock business value. This role provides you with a broad platform to build partnerships with business and risk counterparts, a vantage point to explore end-to-end data ecosystems and technologies, and ability to co-develop data solutions for GRM that drive the greatest value across the organization.

BASIC QUALIFICATIONS

• 10+ years of experience in data-related roles.
• Bachelors or Masters in computer science, system analysis, Information Systems or related field
• Strong process/systems analysis, design and documentation
• Strong analytical, critical thinking, and problem-solving skills
• Ability to monitor tight deadlines and adapt to unexpected requirement changes
• Strong written and verbal communication skills and ability to lead discussions with counterparts
• Self-motivated with an ability to work on one’s own with a strong sense of ownership and accountability in high-pressure situations
• Strong Understanding of Risk Management and Data Management Principles

PREFERRED QUALIFICATIONS

• 5+ years working with data in one of the following areas – Trading, Consumer Banking, Wealth Management, Transaction Banking
• Understanding or experience of programming in SQL, C/C++, Java
• Familiarity with databases, such as Oracle, Hadoop, etc

RESPONSIBILITIES:

• Define implement elements of our data strategy to promote data re-use, efficient data sourcing and improved data quality.
• Sets strategic priorities and owns initiatives affecting multiple risk functions and lines of business to ensure company goals are met
• Leverages knowledge of end-to-end processes, related regulations, and multi system platforms, often involving multiple products/portfolios, to achieve business objectives.
• Monitors the outputs of controls and ensures alerts from the control checks are managed effectively

ROLE DESCRIPTION

This role will collaborate with the GRM Data Stewards, Data Users, Data Owners, and Technology Teams to understand and assess their data, processes, and technology to support strategic data initiatives, remediate deficiencies, and drive business requirements.

• Consult with data stewards, process owners, subject matter experts, technical experts, end users and other stakeholders to gather information about the current and target state business process, data attributes and data sources, control features, interfaces with other systems required
• Document and provide definitions for processes and procedures, data models, data quality controls, data lineage, and data dictionaries using industry standard methods including business process descriptions, use cases, scenarios, diagrams, flow charts, etc.
• Analyze information gathered from multiple sources, reconcile conflicts, segment high-level information into details, and abstract up from low-level information to a general understanding
• Assess and identify deficiencies against internal policies and standards or industry best practices, providing formal recommendations and requirements to remediate
• Collaborate and partner with technology teams, architects, and other key stakeholders to drive solutions which provide ongoing operational excellence and resiliency to metadata and control environment challenges
• Review and provide input to technical solution designs from a business point of view and recommend alternatives
• Communicate plans, progress and risks appropriately to the stakeholders and sponsors