• Job Description

  Req#: 25026795

  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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

  Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

  Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

  At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

  Job Description:
  This job is responsible for overseeing and influencing data analysis to drive revenue generating opportunities while maintaining accountability for the use of effective risk management strategies. Key responsibilities include coordinating with lines of business to develop sophisticated data and modeling strategies which impact and contribute to the company's overall performance. Job expectations include demonstrating leadership, promoting the adoption of enterprise information product, and possessing a commitment to responsible growth for the enterprise.

  Managerial Responsibilities:

  This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.

  • Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.

  • Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.

  • Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.

  • People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.

  • Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.

  • Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.

  • Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

  This Regulatory and Governance Executive role supports the Enterprise Credit Analytics & Transformation Strategy (ECATS) Data Initiative and Strategy (DIS) team with a focus on modeling priorities, accurate level of review, approvals and escalation. This role will collaborate across modeling and policy workstreams to drive consistent, integrated and comprehensive framework and adherence for Enterprise Credit Commercial (ECC) models and policy requirements. Responsibilities include ensuring adherence to enterprise modeling standards and regulatory compliance, as well as, monitoring of capture, transport and data use issues.

  Responsibilities Include:

  • Oversees the business analytics and critical data science initiatives, trend identification, and pattern recognition to drive decision making and the collection of data driven insights

  • Champions the adoption of enterprise information products through communicating in a clear manner how enterprise information products answer material banking questions leading to decisions and actions

  • Oversees the deployment, development, and maintenance of solution regarding data science and other information tools

  • Oversees the technical documentation process, ensuring business requirements and specifications related to the developed analytical solution are captured and driving its implementation in production

  • Maintains accountability for substantial risk by identifying potential issues, developing controls, and developing and executing mitigation strategies in a timely and effective manner

  • Possesses deep knowledge and subject-matter expertise of the latest advances in the fields of data science and artificial intelligence to support business analytics

  • Support of Enterprise Credit Commercial regulatory and audit engagements by leading FLU engagements for issues and request and ECC Model Governance routines and forums

  • Oversee Enterprise Credit Commercial Model Inventory including attestations, managing risk metrics, and overseeing support of new/existing scorecards

  • Drive Enterprise Policy Adherence for Enterprise Credit Commercial and Enterprise Credit Analytics & Transformation Strategy (ECATS) including Enterprise Management Risk Policy, Model Risk Delivery, Enterprise Architecture Software Management, Artificial Intelligence Model Policy and others

  • Engage with the Commercial Front Line Units, Enterprise Credit Risk, Model Risk Management, Global Risk Analytics to ensure focus on priorities, application of credit expertise and review and apply challenges

  • Proactively identify areas across Enterprise Credit that would benefit from additional governance focus

  Required Qualifications:

  • 10+ years of hands-on experience in regulatory or governance delivery and engagement.

  • Highly motivated, proactive and a self-starter; strong sense of ownership & ability to create and execute plans without daily oversight

  • Critical thinker; ability to analyze problems and identify both tactical and strategic solutions to address

  • Highly organized; able to effectively prioritize and balance multiple efforts in a fast-paced, regulatory driven environment

  • Data management experience (data quality, metadata management, governance, etc.)

  • Experience with credit-related processes and systems including the distribution/use of credit data for analytics, modeling, and reporting

  • Able to identify and remediate risks in a timely manner

  • Able to navigate the enterprise / source information across multiple functions

  • Strong Microsoft Office Suite (Excel, PowerPoint, Visio, etc.) experience and strong understanding of data relationships

  • Excellent verbal and written communication skills

  • General knowledge of bank financial practices and policies

  Desired Qualifications:

  • Degree in business, computer science or related discipline

  • In-depth experience with Enterprise Credit Commercial products and functions; familiarity with Enterprise Credit Commercial policies and procedures

  • Familiarity with Enterprise Credit Commcercial systems

  • Project management and/or process design experience

  • Strong presentation skills – comfortable leading and driving conversation

  • 6+ years of extensive data analysis experience with moderate to advanced SQL or Oracle skills

  Skills:

  • Business Acumen

  • Executive Presence

  • Presentation Skills

  • Prioritization

  • Strategic Thinking

  • Continuous Improvement

  • Performance Management

  • Risk Management

  • Succession Planning

  • Workforce Opportunity Management

  • Adaptability

  • Artificial Intelligence/Machine Learning

  • Compensation Analysis

  • Stakeholder Management

  • Written Communications

  • Corporate Governance Management

  • Regulatory Compliance

  • Active Listening

  • Critical Thinking

  • Influence

  • Issue Management

  • Relationship Building

  • Attention to Detail

  • Interpret Relevant Laws, Rules, and Regulations

  • Negotiation

  • Policies, Procedures, and Guidelines

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

  Pay and benefits information

  Pay range

  $175,000.00 - $317,600.00 annualized salary, offers to be determined based on experience, education and skill set.

  Discretionary incentive eligible

  This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

  Benefits

  This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, 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.

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