Risk Analysis Sr Manager

Company: Bank of America
Location: Newark
Posted on: August 5, 2022

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