Operational Risk Analyst

2 weeks ago


Newark, New Jersey, United States Bank of America Full time

Position: Operational Risk Analyst - Global Operations

Overview:

At Bank of America, our mission is to enhance financial well-being through every connection we foster. We are committed to Responsible Growth, which defines our approach to serving clients, supporting teammates, and contributing to our communities and shareholders.

We prioritize creating a workplace that values diversity and inclusivity. Our hiring practices reflect a commitment to individuals from varied backgrounds and experiences. We invest significantly in our employees and their families by providing competitive benefits that support their overall well-being.

Bank of America understands the importance of collaboration while also offering flexibility tailored to different roles within our organization.

Joining our team means embarking on a fulfilling career path filled with opportunities for personal and professional growth, as well as the chance to make a meaningful impact.

Key Responsibilities:

- Evaluate the design and effectiveness of the risk and control framework to support Client Operational Services, ensuring compliance with enterprise-wide standards.

- Provide administrative assistance in monitoring and testing controls by collecting and organizing data to identify issues and recommend control enhancements.

- Adhere to control and Quality Assurance (QA) practices to support business continuity initiatives.

- Conduct and coordinate quality inspection reviews aimed at improving employee performance and control effectiveness.

- Execute QA activities, including managing cases and reporting outcomes.

- Identify potential procedural updates, test script modifications, and data discrepancies to bolster the success of the QA program.

- Assist with operational research necessary for regulatory examinations, internal audits, and other monitoring reviews, capturing relevant data for governance reporting.

- Collaborate closely with team members and management at all levels to ensure integrity and accountability in reporting findings.

- Participate in project teams to develop, test, implement, and refine processes and systems.

- Ensure compliance with policies and procedures regarding equipment, materials, and documentation in conjunction with Lead Operations Representatives and Managers.

- Utilize Enhanced Control Framework tools to document compliance with all control points effectively.

- Document recurring quality issues, perform trend analysis, and work with management and business partners to conduct root cause analysis and develop corrective actions.

Required Qualifications:

- Minimum of 1 year of experience in Document Fulfillment or Card Issuance.

- Strong communication skills to effectively convey issues to management and staff.

- Physical capability to lift up to 40 pounds.

- Ability to remain on your feet for an entire eight-hour shift.

- Willingness to learn procedures and actively apply established standards.

Desired Qualifications:

- Experience as a Document Fulfillment and/or Card Issuance Machine Operator.

- Previous quality testing experience.

- Familiarity with Front-Line Forms application.

Skills:

- Controls Management

- Issue Management

- Monitoring, Surveillance, and Testing

- Quality Assurance

- Risk Management

- Analytical Thinking

- Attention to Detail

- Critical Thinking

- Problem Solving

- Written Communication

- Decision Making

- Innovative Thinking

- Prioritization

- Recording/Organizing Information

- Research



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