Bank of America Cons Prod Strategic Analyst III in Charlotte, North Carolina
Manage and perform strategic analyses to improve portfolio risk, profitability, origination and performance analysis and operational performance for the Consumer Vehicle Lending channel, including Core and Flow channels. Responsibilities may include reviewing variances to projections or forecasts for credit losses and loan balance liquidation at the vintage level. Requires pulling and validating data on one's own using advance programming tools. Generating results against risk limits and targets in alignment with a risk appetite, credit policy metrics or strategy governance. Requires interaction with business partners in Credit, Sales, Product, Collections, Servicing, GT&O, Finance, Risk and Compliance to present results and understand issues impacting the business, communication skills must be strong. Reviewing and monitoring loan origination quality for senior management; identifying and analyzing trends based on economic, market and portfolio conditions, recommending credit strategy changes for loan purchase or underwriting as it relates to credit strategies for Auto or RV loans (feedback loop). Ability to deal with data at the element or aggregated level. Responsible for documentation development, including writing system requirements, actively participating in design meetings and guiding credit strategy changes which may include being a part of negotiations for the FLOW channel. Support implementation, testing and training of Credit Strategy changes for Consumer Products. Participate and possibly provide data or analytical input for audits, credit review or government exams. Strong aptitude to interpret numeric trends through a comprehensive understanding of data in consumer lending. Demonstrates resilience for change. Self starter with a results driven mentality. 3+ years Credit Strategy Analysis experience preferred.
Role may also be filled by highly qualified Analyst II
Bachelor's degree required and/or Master’s degree in a quantitative discipline.
Experience with a programming language such as SQL, SAS.
Expertise in MS Office (Excel, PowerPoint) or Tableau.
Ability to develop quantitative output using appropriate tools (ex SAS, Xeno, Knowledge Seeker) against numerous large data-sets for identifying and optimizing key business metrics of credit default risk, prepayment risk or collateral recovery risk with a proven ability to interpret results and communicate findings succinctly to senior leadership.
Ability to effectively analyze origination concentrations and trends, optimize profit of new application volume within expected risk tolerances, and proactively identify opportunities to support existing or new business strategies.
Ability to independently manage and defend quantitative analytics with sound documentation of assumptions, limitations, conclusions and recommendations within specified timelines.
Ability to independently drive strategic improvements while adhering to and successfully navigating established governance routines.
Ability to translate analytics into business requirements, complete a comprehensive risk assessment inclusive of multiple partners, and usher that change through system implementation including testing support and procedures development.
Proactive with intellectual curiosity towards the business and data trends. Willing to take the next step or ability to predict the next step with little direction and oversight.
Very strong written and verbal communication skills.
Strong negotiation skills.
3+ Years in a Financial Business Setting, Risk Management or Risk/Marketing Analytics type functional role.
A solid working knowledge of statistical and/or financial analyses/modeling and the proven ability to apply that knowledge to business data and strategies.
An understanding of general financial concepts (IRR, ROE, ROA, RAS, RANIM, RAM, etc…) and an understanding of credit/collateral based concepts such as FICO, credit scores, LTV%, accept/reject, term, DTI/PTI.
Logically solve problems in an expedient manner.
Proven history of using good planning and process management skills, able to run several analytical projects independently at the same time and prioritize within given guidelines.
Ability to manage across multiple functional areas as well the ability to influence others at all levels of the organization, including governance teams and external partners.
Positive attitude towards change and ability to think out of the box to solve business questions.
Posting Date : 10/12/2018
Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD BLDG 400,
Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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