Operations Analyst jobs at Bank Of America in United States, Atlanta

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Required Qualifications:

• Minimum of 5 years'
  strong experience
  with RedHat Linux
• Experience with Netapp NAS storage
• Scripting and automation experience
• Ability to work well in a cooperative, time-sensitive, market-driven environment
• Ability to manage multiple priorities with minimal supervision
• Analytical skills, critical thinking and strong desire to learn

Desired Qualifications:

• Bachelor's or Master's degree (preferably in Information Technology, Computer Science)
• Working knowledge of general bank policies, programs, and procedures
• Big Data, Data Management & Data Analytic experience: SAS, Hadoop, Vertica, Spark, Oracle DB, SQL DB

Skills:

• Critical Thinking
• Quantitative Development
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Adaptability
• Collaboration
• Problem Solving
• Risk Management
• Test Engineering
• Data Modeling
• Data and Trend Analysis
• Process Performance Measurement
• Research
• Written Communications

Enterprise Role Overview:

Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report creation and generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Responsible for following up and obtaining missing motor vehicle titles, working with titling services, DMVs and other government entities. Working knowledge of motor vehicle titling experience is preferred. Individuals typically have 2 to 4 years of experience.

LOB Job Description:

Responsible for the day-to-day analysis, research and resolution of varied problems. Functions include administering defined procedures, analysis and report creation and generation, and exception processing. Coordinates the implementation of products/services and operational solutions. May assist in designing, documenting, implementing, and monitoring of new products/services. Responsible for following up and obtaining missing motor vehicle titles, working with titling services, DMVs and other government entities. Working knowledge of motor vehicle titling experience is preferred. Individuals typically have 2 to 4 years of experience.

Required Skills:

• 1+ years of vehicle titling experience
• Working knowledge of Word, Excel and Outlook a must
• Detail oriented
• Highly organized
• Persistent when working on a difficult or complex problem
• Analytical – able to learn a complex pattern and then identify inconsistencies
• Advanced Excel Skills
• Willing to ask questions
• Ability to learn on the job – Self-starter
• Patience
• Able to work well with others
• Able to communicate confidently and professionally (both in writing and in speech) with peers, management, customers, and third parties
• Good time management
• Able to consistently process volume with precision
• Advanced computer literacy
• Comfort utilizing multiple computer systems simultaneously to access data rapidly

Desired Skills:

Responsibilities:

• Solutions Engineer: Lead and drive technical architecture decisions, statements of work, and project definition for POS and/or ISV integrations into Bank of America

• Communication: Develop, coordinate and own broad range of group wide communications to management, business partners, and vendors.

• Collaborating with external partners to develop and certify POS and ISV solutions.

• Liaison between POS/ISV partners, technology, operations, product, and sales.

• Document technical architectures, statements of work, and project scope for integrations.

• Detailed working knowledge of transaction flows (authorization, settlement, chargebacks, disputes, etc.) per vertical i.e., Restaurant, Retail, Lodging, Healthcare, etc. and relationship with card brand rules.

• Understand impacts of future Card Brand Networks rule changes.

• Establish and manage cut-off schedules for funding based on LOB requirements.

• Identify and provide internal, ISV, and client reporting needs.

• Crafting detailed solution architectures aligning with client objectives and technological capabilities.

• Evaluating and integrating complex system components to develop cohesive and efficient technological solutions.

Required Qualifications:

• Experience in Merchant Acquiring or payment processing.

• Experience working with Card Issuing and Acquiring organizations.

• Experience with software development, system architecture, and design.

• Understanding of payments processing development lifecycle.

• Understanding of point-to-point encryption (PCI validated and non-validated), tokenization (sharing, zoning etc.), alternative payment methods, and mobile wallets.

• Understanding of Integrated, Semi-Integrated, and Cloud-based POS models.

• Knowledge of network architecture0020

• Experience writing and negotiating statements of work.

• A high-level understanding of product certification test tools and integration processes.

• Experience communicating detailed POS and ISV terminal configuration requirements in line with integration goals.

• Experience analyzing and solving complex business and technical problems.

• A firm understanding of Project Management methodologies.

• Ability to work across multiple initiatives and lines of business simultaneously.

• Ability to manage multiple priorities and strategies in parallel.

• Possess strong oral and written communication skills.

• Ability to communicate across multiple levels of an organization, both internally and externally.

• Healthcare experience is a plus.

Desired Qualifications:

• Initiative-taker: ability to work independently.

• Experience working with payment gateways and processors.

• Experience integrating and configuring ISVs into a gateway.

• Experience documenting and capturing requirements.

• Experience with project management tools and Agile methodologies to manage the development process efficiently.

• Knowledge of languages like Java, Python, or C# to develop and customize software solutions.

• Familiarity with gateway payment services i.e. tokenization, fraud manager, reporting, etc.

• Minimum of 5 years' of Merchant Services experience.

• Professional work experience in analyzing computer hardware and software.

Bachelor’s degree in computer science, engineering, or related field, or equivalent job experience.

Skills:

• Oral and written communication skills

• Strong analytical

• Critical thinking skills

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.

Treasury Analytics Quantitative Team is part of Global Risk Analytics (GRA). The team is staffed by analysts who apply an extensive set of quantitative methods for effective asset liability management

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers

• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization

• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on modeldevelopment/validation

• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches ofdevelopment/validationprojects and identify areas of potential risk

• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

• Responsible for independently conducting quantitative analytics and modeling projects

• Responsible for developing new models, analytic processes or systems approaches

• Creates documentation for all activities and works with Technology staff in design of any system to run models developed.

• Research and apply quantitative techniques in financial mathematics, applied mathematics and statistics to enhance forecasting for risk measurement and asset liability management

• Design and build econometric behavioral models pricing and valuation tools, for mortgage backet securities, loans and a variety of deposit products on the bank’s balance sheet

• Responsible for technical documentation, model implementation, data management, model analysis, model performance monitoring. Contribute to process improvement and automation across all of these activities

Skills:

• Critical Thinking

• Quantitative Development

• Risk Analytics

• Risk Modeling

• Technical Documentation

• Adaptability

• Collaboration

• Problem Solving

• Risk Management

• Test Engineering

• Data Modeling

• Data and Trend Analysis

• Process Performance Measurement

• Research

• Written Communications

Required Qualifications:

• Working knowledge of risk or pricing models for fixed income or commodity products

• Understanding of regulatory capital and risk management framework and stress testing requirement

• Solid working experience in a related field (Market Risk, Middle Office)

• Expertise in Statistical Programming Software such as R, and experience in data analysis

• Proven programming skills (Python, C++, SQL, or equivalent object-oriented programming) to write reusable and testable code to develop tools and improve process efficiency for reporting and calculation automation

• Pro-active behavior with capacity to seize initiative

• Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions

• Ability to multitask with excellent time management skills

• Possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products

• Strong skills/intuition in Economics and Finance

• Ability to work individually and with the group on complex problem solving; analytical skills, critical thinking with a strong desire to learn

• Strong attention to detail, excellent communication skills and ability to work well in a cooperative, time-sensitive, market-driven environment

• Ability to manage multiple priorities with minimal supervision

Desired Qualifications:

• Strong academic background in econometrics or statistics (M.S. or PhD in a STEM/Economics field)

• Experience with computational and simulation methods

• Places value on process automation with an eye for reproducibility of results

• Experience working with Unix/Linux environment

• Past experience in Interbank Offering Rate(IBOR) transition/ Fundamental Review of the Trading Book (FRTB) is a plus

Master’s degree in related field or equivalent work experience

Responsible for developing and implementing information security policies, standards, procedures, and guidelines in alignment with the organization's overall risk management strategy. This includes conducting PCI Security risk assessments, PCI Targeted Risk Analysis, Cyber Security Risk Assessment and audits to identify vulnerabilities and potential threats to the organization's information systems, networks, and data. Requires regular monitoring and reporting of compliance with established policies and procedures, as well as ensuring that all stakeholders are aware of potential risks and compliance requirements. Oversees the implementation of security controls and technologies to protect the organization's information assets, including data encryption, access controls, and intrusion detection and prevention systems. Collaborates with internal and external stakeholders to develop incident response plans and procedures to ensure timely and effective response to security incidents.

• Atlanta, GA

Preferred Skills/Experience

• Typically a Bachelor's degree, or equivalent work experience
• Typically five or more years of performing security risk assessments and information risk management experience.
• Effective communication and collaboration skills
• Ability to articulate complex technical issues in a clear and concise manner

Desired Certifications: *Preferred but now required*

• CISSP
• CISM
• CISA
• CRISC
• CCSP
• COMPTIA Security +
• Azure/AWS/CCSK

Knowledge of: ServiceNow IRMArcher, MitreFramework, NIST 800- 53, NIST 800- 30, NIST 800- 37,CIS Benchmarks,Cloud Security Alliance CCM and guidance

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the .

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.