Description

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

This job is responsible for accurate and timely development of manual and automated testing and/or supporting operational and administrative activities related to the end to end test development process. Key responsibilities of the job include evaluating test structure to determine automation viability, accessing pertinent databases to source testing data, and collaborating with Compliance and Operational Risk officers and/or Front Line Unit (FLU) process owners to design sampling and test procedures that support the test objective and ensure the repeatability and reliability of the testing.

Responsibilities:

• Designs independent testing on a team in support of coverage needs identified by Compliance and Operational Risk officers and/or Front Line Unit process owners, inclusive of transactional, qualitative, onsite, employee quality review, and surveillance testing
• Assesses databases and documentation from internal and external sources to develop data extract, sampling, and testing procedures, working closely with Front Line Unit data contacts and subject matter experts
• Collaborates with Compliance and Operational Risk officers and/or Front Line Unit process owners to design sampling and test procedures that support the test objective and ensure the repeatability and reliability of the testing
• Manages the quality of the test design process in accordance with the Independent Testing Enterprise Policy and Standard

Skills:

• Adaptability
• Attention to Detail
• Collaboration
• Monitoring, Surveillance, and Testing
• Problem Solving
• Application Development
• Data Collection and Entry
• Data Privacy and Protection
• Influence
• Issue Management
• Automation
• Business Intelligence
• Interpret Relevant Laws, Rules, and Regulations
• Quality Assurance
• Reporting

Team Overview

Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities they build address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing their activities, GRA and EIT drive innovation, process improvement and automation.

Role Overview

With guidance from EIT Test Execution Manager and Test Lead, develops and executes assigned testing scope as prescribed by the Global Compliance Operational Risk (GCOR) and Testing Stakeholders. Responsible for daily development and execution of assigned data quality testing covering various data lifecycles, exercising judgment, deep technical expertise, and critical thinking to detect, identify and uncover data quality issues and confirm accuracy and completeness of data within Bank systems. This role entails managing a portfolio of tests used to provide timely, useful, and actionable independent insight on the operational health of Bank of America's processes. The team is essential to the Bank achieving its commitment to process excellence, and this role provides a unique opportunity to shape how the Bank manages its operational risk.

We are seeking candidates with expertise in process and operational excellence. Candidates should also possess subject matter expertise in financial regulatory reporting or Global Financial Crimes and/ or data quality testing (including but not limited to transaction, conformance, and / or controls).

The candidate collaborates with process owners in the Front-Line Units and Control Functions (FLUs/CFs) to understand their processes, identify risks to successful execution, and prioritize/plan for the development of methodologies (e.g., models, analytical tools, and testing scripts) used to evaluate the effectiveness of processes and controls, and adherence to applicable Laws/Rules/Regulations, policies, and procedures.

This role requires partnering effectively with Global Compliance Operational Risk (GCOR), as well as various teams within GRA/EIT who provide operational, data sourcing, and technology infrastructure support. The outputs of the methodologies will be used to drive process improvements and timely detection of errors.

The candidate provides data testing oversight, resource management, and escalation/resolution of test execution issues, as needed, to ensure timely, complete and seamless execution of data quality tests.

The role requires critical thinking and willingness to dig into the details of both existing and new methodologies to ensure they are fit for purpose. The candidate must be a strong communicator and able to effectively explain the rationale and details of the methodologies to a broad set of audiences that include key senior stakeholders across the Bank, as well as auditors and regulators.

Desired Education, Skills, and Experience

• Bachelor's degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration
• 5-7 years minimum experience in regulatory reporting, data, compliance, or risk functions
• Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
• Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles
• Knowledge of financial services industry and related regulations
• Digital fluency

Required Skills

• 5+ years of experience in Data Testing/Quality, Application Management and/or Data Management
• Strong data quality knowledge (Accuracy, completeness, timeliness dimensions, data risk mitigation, etc.)
• 3-5 years of experience developing in Python focused on data applications/analytics/statistics
• Adept at detecting and remediating organizational / process weaknesses and deficiencies
• Feels ownership and accountability for delivering high quality work, able to balance multiple priorities and meet strict deadlines
• Strong written, verbal, presentation creation and delivery skills
• Well organized with attention to detail
• Ability to manage teams to deliver high quality work in a timely manner
• Willing to challenge the status quo and with a track record of driving change
• Experience implementing process improvements and automation
• Intellectual curiosity
• Strong data quality mindset
• Advanced Microsoft Office skills

Shift:
1st shift (United States of America)

Hours Per Week:
40