Risk Analysis Sr Manager
Company: Bank of America
Location: Newark
Posted on: August 5, 2022
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Job Description:
Job Description: The Risk Analysis Sr Manager is responsible for
overseeing the Loss Forecasting process and models across Small
Business portfolios. Direct and perform complex analysis and
assessment as needed to develop and support a Credit Risk
point-of-view of the forecast and of the models used in loss
forecasting. Participate in model development requirements as a
stakeholder and look for opportunities to improve oversight of
portfolio asset quality forecasting. In addition, this role will
lead the Risk Appetite limit setting process across Consumer and
Small Business products. This requires effective and regular
stakeholder communication and engagement, cross product asset
quality and headroom analysis and strong attention to detail,
controls, and process improvement. Communicates with, influences,
and presents to business partners from Credit, Model Development,
Forecast Administration, and Product teams. Primary
responsibilities include: Provide end-to-end oversight and
challenge of loss forecasting process for consumer & small business
credit portfolios Work with stakeholders to identify loss forecast
model opportunities across use-cases and drive out those
improvements through collaboration Perform complex analysis on
portfolio credit risk trends and scenarios Lead risk appetite
routines across the Credit Risk team to ensure the limit setting
process is well managed and controlled. Build and maintain a strong
partnership with the Enterprise Risk Appetite team. Required
Skills: BS/BA (business / economics / finance / quantitative) 5+
years supporting Consumer and/or Small Business Products or
comparable experience in Risk, Compliance, Audit, or similar Risk
function Excellent analytical and critical thinking skills Strong
understanding of economics, credit, and financials with the ability
to apply those concepts to data analysis Ability to combine
business acumen with analytical skills, interpret large amounts of
data, synthesize multiple analysis into a coherent message, and
translate into actionable insights Proven experience in partnering,
influencing, and persuading to achieve desired results Demonstrated
conviction and decision orientation Ability to escalate identified
issues to management with the proper assessment, root cause
analysis, impact, and next steps Excellent oral, written,
influencing and interpersonal communication skills Proficiency in
using MS Word, Excel, and PowerPoint Demonstrated ability to
overcome obstacles and manage conflict constructively Knowledge of
data visualization platforms (e.g., Tableau, Alteryx, etc.) Desired
Skills: Advanced degree in business, economics, finance,
quantitative, and/or professional certifications Knowledge of Loss
Forecasting Intermediate Data Science skills Experience with model
development, validation, or use R / Tableau / Python SAS / SQL
Shift: 1st shift (United States of America) Hours Per Week: 40
Keywords: Bank of America, Newark , Risk Analysis Sr Manager, Executive , Newark, New Jersey
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