Risk Analysis Specialist II

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Position Summary:
This job is responsible for supporting data and technology requests, complex reporting and analysis, and modeling to manage risk and minimize credit and operating losses. Key responsibilities include reviewing and analyzing portfolio trends, supporting the development of more complex databases or queries to extract data, and supporting the production of data for internal and external reporting needs. Job expectations include working with Technology to implement changes necessary to support ongoing data needs. This role is designed for an analytical, curious professional who wants to build a career in credit risk management. The successful candidate will join the Enterprise Credit Risk team, part of the independent second line of defense, and help provide oversight of the Consumer Card, Deposits, and Balance Assist portfolios. Working alongside experienced risk managers, the candidate will develop an understanding of portfolio performance, credit strategy, emerging risks, risk management processes, and effective communication with business and risk partners. The ideal candidate will bring strong analytical thinking, sound judgment, intellectual curiosity, and a willingness to learn. The role offers broad exposure across the credit risk lifecycle and the opportunity to grow into a well-rounded risk manager who can translate complex information into clear insights and constructive challenge for first- and second-line partners and senior leaders. The successful candidate will join a talented, collaborative team committed to coaching and development. The role provides meaningful exposure to credit strategy, portfolio oversight, emerging-risk analysis, risk governance, cross-functional decision-making, and senior-level communication—creating a strong foundation for continued growth in credit risk management.

Responsibilities:

• Supports the development and execution of reporting to allow Risk and business partners to effectively identify and manage risk
• Analyzes trends and supports the data design, portfolio trends, loss trends, and portfolio dynamics to ensure alignment with business strategies
• Provides analytical support on various product strategic initiatives affecting multiple Risk functions and lines of business to ensure company goals are met
• Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data
• Supports with responding to complex ad-hoc requests for information from both internal and external parties
•  Provides support on cross-functional efforts to remediate data quality issues
•  Monitors the outputs of controls and investigates alerts from the control checks
• Identify and analyze new or emerging credit risks, with guidance from experienced risk managers.
• Support the independent review and constructive challenge of proposed credit strategy changes.
• Evaluate strategy and portfolio performance, identify key drivers, and highlight opportunities to manage risk and grow responsibly.
• Help execute recurring credit risk management processes, including portfolio reviews, risk assessments, and governance routines.
• Develop and maintain monitoring that measures credit risk performance and identifies emerging trends.
• Synthesize analysis into clear insights, recommendations, and presentation materials for risk forums and senior stakeholders.
• Partner with colleagues across Risk, Product, Finance, Compliance, and other functions to understand business decisions and their risk implications.
• Build expertise in credit risk principles, portfolio management, and effective independent challenge through hands-on experience, coaching, and feedback.

Required Qualifications

• Relevant experience in financial services, risk, compliance, audit, finance, economics, data analytics, or a comparable discipline.
• Experience with consumer or small business financial products, portfolio analytics, or credit risk concepts.
• Strong analytical and problem-solving skills, with the ability to work with data, identify patterns, and reach well-supported conclusions.
• Experience using analytical tools such as SAS, SQL, or comparable technologies.
• Experience using data visualization tools such as Tableau.
• Practical experience using AI-enabled tools, such as Microsoft Copilot or GitHub Copilot, to improve analytical or business processes.
• Ability to communicate complex information clearly and concisely in written, verbal, and visual formats, including preparing presentations or recommendations for management audiences.
• Proficiency with Microsoft Excel, PowerPoint, and Word.
• Curiosity, sound judgment, attention to detail, and a demonstrated willingness to learn.
• Ability to manage multiple priorities, seek guidance when appropriate, and work collaboratively with a range of partners.

Skills:

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

Shift:

Hours Per Week: