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Risk Analysis Sr. Specialist

Company: Bank of America
Location: Newark
Posted on: September 22, 2022

Job Description:

Job Description:Responsible for performing complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports for Senior Management. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling.Description/Background:What we do:Consumer Post Approval Review (CPAR) is a key component of the Credit Risk Framework, ensuring the risks associated with credit strategies and execution are effectively identified, measured, mitigated and controlled. We have a broad reach covering Consumer Card, Small Business, Consumer Vehicle Lending, Deposits & Consumer Real Estate, across Credit, Fraud, Product and Collections.Where you fit in:The Risk Management Specialist is accountable for performing post-approval reviews for products within the Consumer and Small Business Lending portfolio. These reviews include reviewing underwriting/credit approvals for adherence to underwriting standards and procedures as well as rendering a assenting or dissenting opinion on the credit decision. Reviews span origination, account management and collections decisions.Responsibilities:

  • Post-approval test design, scheduling and prioritization
  • Perform detailed analysis of credit underwriting adherence to policy/standards/procedures and sound credit decisioning
  • Present findings to Credit Risk and Front-Line Unit partners
  • Review final operational and executive Post-Approval Review reporting and participate in presentations to senior management and key stakeholders
  • Participate in remediation planning discussions, when necessary
  • Advise and support Credit Risk partners on matters involving underwriting standards/procedures as well as key loan/client data attribute logic used across credit systems Required Skills:
    • 3+ years of Consumer Credit Underwriting experience
    • 2+ years of QA/QC experience related to Consumer Credit Products or business control experience
    • Fundamental knowledge of Consumer Credit underwriting processes and components of sound credit decisioning
    • Proficient computer/software skills - Experience with Microsoft Word, PowerPoint, Outlook, etc
    • Strong analytical mind-set and ability to work with minimal supervision
    • Ability to confidently interact and communicate with senior leaders and business partners across the enterprise
    • Strong business partnering experience/skills including the ability to interact, communicate and influence equally well across all levels of an organizationPreferred/Desired Skills:
      • Master's degree or large data experience
      • Programming experience and relevant degree or large data experienceShift:1st shift (United States of America)Hours Per Week:40

Keywords: Bank of America, Newark , Risk Analysis Sr. Specialist, Other , Newark, New Jersey

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