Quantitative Analyst I

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 are 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.

We believe 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.

This role is responsible for supporting analytical work efforts for various projects within a Line of Business or business discipline. Key responsibilities include leveraging databases to acquire client and performance data, transforming extracted data into meaningful insights and trends, and delivering those insights to leaders to make complex business decisions.

Key Responsibilities:

• Supports the extraction of data using a variety of programming languages, such as SQL, SAS, Python, or Spark/Scala, and applies knowledge of relational and non-relational database systems housed on both on-premise and off-premise (hybrid) platforms.
• Connects provisioned data across multiple sources and performs necessary transformations utilizing both technical, business, and process knowledge to transform data into meaningful values and insights.
• Performs quantitative techniques and analysis on customer, transaction, and performance data with the guidance from other analysts and supervisors, based on questions provided by business partners, and provides actionable insights for business partners to make informed decisions.
• Follows requirements developed by other analysts and supervisors to perform required research, analytics, and exploration on appropriate and accurate data sources to provide appropriate deliverables.
• Communicates complex subjects in a simple and engaging manner to non-technical and technical business partners using software such as Power Point, Word, Excel, and Tableau.
• Assists with conducting quality comparison checks on analysis output and escalates data inconsistencies, gaps, or issues to leadership.
• Follows quality workflow process and documentation requirements to adhere to standards and provide business continuity.

LOB Specific Information:

This position is not eligible for sponsorship. Responsible for capturing, documenting, and maintaining data governance and controls for the Consumer & Small Business Anti-Money Laundering organization as part of Client Protection.

This role will collaborate with Data Stewards, Data Users, Data Owners, and Technology Teams to understand and assess their data controls, processes, and technology to support strategic data initiatives, remediate deficiencies, and drive business requirements.

This role will establish formal Consumer AML data management governance guidance to adhere to the enterprise policies and standards. Engage with Enterprise Data Strategy and Governance Organization (EDSGO) to stay aligned with any changes, and update/educate the organization appropriately to ensure compliance across the organization.

This includes identifying risk/gaps, escalating to necessary stakeholders, and assisting with action plans to implement/enhance controls where gaps may be identified.

The Analyst will work with the Controls & Governance Leader to:

• Build a culture of data controls and governance across the organization.
• Consult with process owners, subject matter experts, technical experts, end users and other stakeholders to gather information about current processes within the Single Process Inventory (SPI) to document the end-to-end business process with focus on data attributes and data sources, control features, interfaces with other systems required.
• Organize Governance routines with respective stakeholders to ensure the documentation is current, identify any control gaps or opportunities and track those actions needed through completion.

LOB Required Qualifications:

5+ years of experience with technology applications using relational databases and/or rule engines. Understands metadata and data supply chains. Understands ETL processes. Familiarity with data reconciliation across applications. Experience with data application mapping (inflows and outflows). Experience with relational databases, file systems, reading & writing code (e.g. SAS, SQL). Documentation experience and building standardized templates, outputs. Experience in one or more of the following areas: data intelligence/analytics, data management, data governance, data controls chain, data quality management, and/or data architecture. Understanding of data governance, data quality, and data management and data concepts. Client engagement skills. Independent and proactive analyst. Excellent communication skills and influencer. Develops and continuously improves procedure driven functions to demonstrate sustainability, repeatability and defensibility of program. Strong Experience in Microsoft Office applications. Bachelors degree or equivalent work experience.

LOB Desired Qualifications:

Experience with data mapping between application using disparate metadata documentation. Project and issues management experience. Understanding of enterprise ADS internal architecture designs (e.g. Bronze, Silver, Gold). Experience reading & writing python code. Financial services expertise. Subject matter expertise in Bank Secrecy Act/Anti-Money Laundering, Sanctions.

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$82,200.00 - $117,900.00 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.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.

The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse.

Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

This communication provides information about certain Bank of America benefits.

Receipt of this document does not automatically entitle you to benefits offered by Bank of America.

Every effort has been made to ensure the accuracy of this communication.

However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern.

Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents.

Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.