| Employer: | Bank of America
| Job Ref No: |
1200001936
| Job Title: |
Business Analyst : 1200001936
| Sector: |
Asset Management
| Sub Sector: |
Other
| Risk Type: |
Credit
| Expertise: |
Risk Manager
|
Credit Risk Strategy and Control (CCRSC)
This group is responsible with supporting counterparty credit risk management by providing operational controls and oversight of credit risk data quality, analytics lifecycle and documentation, and remediation of issues affecting the business decision-making process within Credit Risk Management (CRM).
Sub-Ledger Reconciliation Team
The team is responsible for the integrity of counterparty credit risk data that is produced and consumed by the counterparty credit risk organization. The team is tasked to ensure the accuracy and completeness of data flowing from the system of records to Credit Risk Framework and firm's sub-ledgers. The improved data quality also satisfies requirements from Audit, Compliance and Regulators.
Business Data Analyst Role
The Business Data Analyst will help in the process to make Bank of America compliant with regulations, Fed and audit for the counterparty credit data.
- Verify and Investigate reconciliation results and provide detailed impact assessment of the breaks
- Analyze the break data to determine root cause and co-ordinate short and long term remediation with FO, MO, Credit Risk, Collateral Ops, CVA etc.
- Collect statistics on issues and their root causes, and provide metric reporting to the management, in order to help identify systemic improvements and raising organization's efficiency
- Act as a knowledge source for credit risk systems to improve the quality, granularity, and timeliness of reporting
- Be a subject matter expert in the derivatives/repo products and reconciliations from the business perspective
- Work with Technology team in documenting the necessary requirements/enhancements for the recons, user interface and automated reports
- Participate in the UAT process for the enhancements
- Provide accurate and timely feedback for all projects and daily initiatives
- Manage and perform all objectives administered by management
- Understanding of the credit risk business and their processes
Qualifications
Desirable Qualifications :
- Highly detail oriented and organized - Candidate can identify and resolve issues quickly and accurately
- Understanding of general trading life cycle and of derivative/repo products
- Provide additional oversight into reporting structure and should have basic knowledge in overall analytics functionality
- Good knowledge of Microsoft Suite- Candidate is able to create and manipulate data utilizing spreadsheet applications and create data flow charts - Knowledge of databases and SQL is required.
- Product & Industry knowledge a must
- Experience in a Credit Risk data and reporting
- Able to work with little supervision, yet be part of a team environment - Candidate can perform own functions independently while assisting others with their daily accountabilities.
- Able to prioritize and manage multiple processes - Candidate can manage time sensitive issues, prioritize multiple processes and projects and articulate thought process for decision-making.
- Communicate effectively with internal/external clients to ensure accurate and timely resolution of issues. - Candidate can discuss and resolve issues with internal counterparts.
- Design and automate daily processes where appropriate - Candidate can articulate, verbally and in writing, requirements to streamline current manual or inefficient processes and ensure timely and accurate completion.
- Good understanding of technology project life cycle and experience in UAT
- Ability to define and track enhancements to the recons
Personal Qualities: Highly motivated and a team player. Excellent communication and presentation skills. Ability to question issues and breaks in order to identify and understand the root causes. Ability to follow up on issues until their closure.
Majors Considered: Accounting, Business Administration, Finance, Economics, Mathematics, Financial Engineering, and Information Systems with a Business concentration.
Work Experience: Financial industry and Middle Office experience, Strong product knowledge, Exposure to Credit Risk and Basel, 3+ years experience in reporting metrics to management and 3+ years experience in data analysis
| Region/Country: |
Americas, United States
| States/Counties: |
New York
| City: |
NEW YORK
| Address: | | Post Date: | 02/09/2012 |
