Job Information
Bank of America Enterprise Fair Lending Research & Analysis Risk Analysis Specialist III in Plano, Texas
Enterprise Fair Lending Research & Analysis Risk Analysis Specialist III
Charlotte, North Carolina;Plano, Texas
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 Description:
Responsible for performing data management, complex analysis, and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. PhD, Master's degree, or large data experience preferred; Programming experience like SQL, SAS preferred; 7+ years experience.
Skills:
Business Intelligence
Data Visualization
Issue Management
Project Management
Risk Management
Business Acumen
Continuous Improvement
Risk Analytics
Stakeholder Management
Technical Documentation
Adaptability
Attention to Detail
Data and Trend Analysis
Performance Management
Regulatory Relations
Responsibilities:
Position is responsible for performing complex statistical analysis and modeling to support the Fair Lending Program and compliance with Bank of America Fair Lending Policy and all Fair Lending laws, rules, and regulations. Incumbent will develop, strengthen and validate existing in-house fair lending modeling and analysis programs used to identify fair lending risks in underwriting, pricing, and other components of the credit cycle for all consumer lending products. Additionally, this role will work to develop and strengthen processes for data mining, assessment, and validation to ensure usability and reliability of the data. Must prepare and present statistical analysis and reports to support regulatory requests and examinations as well as presentation to business units. Additional special projects related to Fair Lending compliance will be assigned in addition to day to day responsibilities.
Required Skills:
Bachelor's degree in applied statistics, operations research, mathematics, physics, or similar quantitative discipline
Advanced SAS programming or similar experience building analytical models
Demonstrated experience with managing and manipulating large datasets
Ability to clearly communicate complex statistical concepts and modeling results either orally or in writing
Ability to work independently or as part of a group
Disciplined project management skills to meet critical deadlines in a fast-paced environment
Desired Skills:
Experience with risk modeling for financial institutions
Knowledge of regulatory requirements for Fair Lending
Mortgage banking and/or other consumer lending experience
Proficient in Microsoft Office
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.
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To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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