About Company
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. With a global presence and a steadfast commitment to responsible growth, we are dedicated to making financial lives better for our clients, communities, and employees. We believe in fostering an inclusive environment where every associate can thrive, innovate, and contribute to our shared success. Our dedication to ethical practices, robust governance, and sustainable operations positions us as a trusted partner in the global economy, driving progress and stability. We invest in our people and communities, recognizing that their success is our success, and continuously strive to adapt and lead in a rapidly changing financial landscape.
Job Description
As a Risk Analyst at Bank of America in Downtown Huntington Beach, you will be at the forefront of our risk management efforts, contributing significantly to our operational resilience and strategic foresight. Your role will involve conducting comprehensive risk assessments, analyzing complex financial data, and identifying potential exposures across various business lines. You will be responsible for developing and implementing effective risk mitigation strategies, ensuring adherence to internal policies, and complying with stringent regulatory requirements. This position demands a meticulous approach to detail, strong analytical capabilities, and the ability to communicate intricate risk concepts clearly to diverse stakeholders. You will regularly prepare detailed reports and presentations for management, highlighting key risk indicators, trends, and recommended actions. The dynamic nature of the financial industry requires our Risk Analysts to stay abreast of market developments, emerging threats, and evolving regulatory frameworks. This is more than just a numbers role; it’s an opportunity to shape the future of financial security and stability within a world-class organization. You’ll work collaboratively with cross-functional teams, leveraging cutting-edge tools and methodologies to anticipate and respond to risks, ensuring Bank of America continues to operate with integrity and strength. We are looking for an individual who is proactive, intellectually curious, and committed to upholding the highest standards of financial prudence.
Key Responsibilities
- Conduct comprehensive risk assessments across various business units and financial products.
- Analyze complex financial data to identify potential risks, trends, and vulnerabilities.
- Develop and implement robust risk mitigation strategies and controls.
- Ensure strict adherence to internal risk policies, procedures, and regulatory requirements (e.g., OCC, Federal Reserve).
- Prepare detailed risk reports, presentations, and dashboards for senior management and stakeholders.
- Monitor market conditions, economic indicators, and regulatory changes to assess their impact on the bank's risk profile.
- Collaborate with cross-functional teams, including operations, legal, compliance, and technology, to address risk-related issues.
- Participate in the development and enhancement of risk management frameworks and tools.
- Assist in the investigation and resolution of risk events and control failures.
- Provide analytical support for strategic initiatives and new product launches, ensuring risk considerations are integrated.
Required Skills
- Bachelor's degree in Finance, Economics, Business Administration, or a related quantitative field.
- 2-4 years of experience in risk management, financial analysis, or a similar role within the financial services industry.
- Strong analytical and problem-solving skills with the ability to interpret complex data sets.
- Proficiency in Microsoft Excel (advanced functions, pivot tables) and PowerPoint.
- Excellent written and verbal communication skills, capable of explaining complex concepts clearly.
- Solid understanding of financial products, markets, and risk management principles.
- Demonstrated ability to work effectively both independently and as part of a team.
- High level of attention to detail and accuracy.
Preferred Qualifications
- Master's degree or professional certifications (e.g., FRM, CFA, PRM).
- Experience with risk management software or data analysis tools (e.g., SQL, Python, R, Tableau).
- Knowledge of banking regulations and compliance standards (e.g., Basel III, Dodd-Frank).
- Previous experience in a large, complex financial institution.
Perks & Benefits
- Comprehensive medical, dental, and vision insurance plans.
- 401(k) retirement plan with company match.
- Generous paid time off (PTO) and paid holidays.
- Flexible spending accounts (FSAs) and health savings accounts (HSAs).
- Tuition reimbursement and continuous learning opportunities.
- Employee assistance program (EAP) and wellness initiatives.
- Discounts on banking products and services.
- Career development and mentorship programs.
- Inclusive work environment focused on diversity and belonging.
How to Apply
Interested candidates are encouraged to apply directly by clicking on the application link below. Please ensure your resume highlights your relevant experience and qualifications for this role. We look forward to reviewing your application and potentially welcoming you to the Bank of America team.