Full-Time

Enterprise Fair Lending Research & Analysis Risk Analysis Specialist III

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Senior

Plano, TX, USA + 1 more

More locations: Charlotte, NC, USA

Category
Risk Management
Finance & Banking
Required Skills
SQL
Operations Research
Requirements
  • PhD, Master's degree, or large data experience preferred
  • Programming experience like SQL, SAS preferred
  • 7+ years experience
  • 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
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.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives while managing their investments and risks effectively.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at Bank of America offers exposure to a diverse range of financial products and services, enhancing career development opportunities.
  • The bank's leadership in wealth management and investment banking provides employees with the chance to work on high-impact projects and deals.
  • Bank of America's global presence and strong market position offer stability and growth potential for employees.

What critics are saying

  • The highly competitive nature of the financial services industry requires Bank of America to continuously innovate to maintain its market position.
  • Regulatory changes and economic fluctuations can impact the bank's operations and profitability, posing challenges for employees.

What makes Bank of America unique

  • Bank of America stands out as a global leader in corporate and investment banking, offering a comprehensive suite of financial services that cater to a wide range of clients from individuals to large corporations.
  • The bank's extensive network and relationships with approximately 56 million U.S. consumer and small business clients provide a significant competitive edge in the financial services industry.
  • Bank of America's involvement in high-profile credit facilities, such as Uber's $5B revolving credit, showcases its capability to handle large-scale financial transactions.

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