Job Information
Bank of America Business Analyst - Market Risk in Jersey City, New Jersey
Business Analyst - Market Risk
Jersey City, New Jersey
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Summary:
Enterprise Risk & Finance Technology’s Market Risk Technology team is searching for a talented, seasoned and highly motivated Business Analyst. Programs focus on building out a strategic platform that leverages standardized inputs and calculations across markets, risk and finance. This is a multiyear effort in a business-critical domain. The Global Markets Risk function provides independent risk oversight of all activities giving rise to price risk, interest rate risk and counterparty credit risk at Bank of America and is the primary risk oversight function for the Global Markets business line.
We are looking for looking for a talented and highly motivated technical business analyst who can lead key deliveries for the program. The right candidate will help deliver new functionality to the Market Risk Technology teamto deliver a strategic platform with Markets and Finance stakeholders for managing and reporting out on Market Risk.
Job Description:
This job is responsible for planning and coordinating the execution of project/small program deliverables which requires the engagement of multiple teams. Key responsibilities include communicating work objectives, coordinating delivery, facilitating sync points across teams, providing end-to-end visibility into the health of the deliverables, and managing program risk and compliance to standards. Job expectations include ensuring delivery meets the client’s expectations in terms of the functionality, quality, timeline, and cost.
Responsibilities:
Leads and coordinates routines to support delivery (for example, kick-offs, status reviews, stakeholder meetings, change controls, and tollgates, etc.)
Manages coordination of delivery and dependencies across multiple teams
Facilitates communication and collaboration across organizations to support the deliverable completion and timeline
Provides status updates for the deliverables to stakeholders and leadership pertaining to delivery, risks, issues, and schedule
Works with sponsors and stakeholders to ensure that execution is aligned with deliverable requirements
Supports resource planning for delivery and execution
Ensures adherence with Enterprise Change Management standards
Required Qualifications:
Minimum of 5-7 years of applicable experience.
Understand business requirements and lead analysis and translation into technical requirements including budgeting and technical documentation
Review technical designs with the development team and ensure it meets the business partner requirements and is a scalable solution to meet longer term strategy
Key contributor in Agile routines including sprint and capacity planning, prioritizing tasks for releases, back-log maintenance
Review initial testing/analysis of implementation/results to ensure the accuracy of implementation
Ability to work with GMR business partners and development and QA teams on planning and prioritization including capacity constraints
Provide support for business partners in required user acceptance testing
Identify and manage cross project or functional interdependencies
Deliver timely and accurate weekly status reports on projects
Identify success metrics and review performance with business partners and leadership
Desired Qualifications:
Strong Market Risk, Risk or Front Office experience
Strong financial products knowledge
Solid understanding of regulatory landscape
Excellent analytical and quantitative skills
Strong problem solving skills and experience in analyzing large volumes of financial data
Ability to effectively communicate within a multi-disciplined team and demanding business users
Good organization skills with efficient follow-ups & driving conclusions
Experience with SDLC and agile methodologies
Excellent technical skills in SQL, Excel, VBA. Python is a plus
Computer Engineering/ Financial degree
High level understanding of BAC Enterprise Change Standards is a plus
Skills:
Collaboration
Project Management
Result Orientation
Solution Delivery Process
Stakeholder Management
Analytical Thinking
Business Acumen
Financial Management
Influence
Risk Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .