Bank of America Recruitment Drive; Hiring Analyst – Apply Now

The Basel Committee on Banking Supervision expect banks to implement a strong governance framework, risk data architecture and IT infrastructure as preconditions to ensure adherence with each of the BCBS 239 Principles.  Banks must develop and maintain strong risk data aggregation capabilities to ensure that RDA Reports reflect the risks in reliable way. The Risk Data Aggregation (RDA) processes includes defining, gathering, and processing of risk data and reports during both business-as-usual and stress/crisis environments to enable Bank of America’s Board of Directors and senior management to manage risk well and measure its performance against its risk tolerance and risk appetite as defined within Bank of America’s Risk Framework.

Name of the Organization: Bank of America

Requisition ID: 24041430

Positions: Analyst - GBS

Location: Mumbai, Gurugram & Hyderabad

Salary: As per company Norms

Educational Qualifications:

• Education - MBA from top tier college, Bachelors/Masters degree in Financial.
• Certification if Any - Data governance or data management is desirable but not essential.
• Experience Range - 2 – 7 years

Foundational skills:

• Technical business writing (BRD/FRD)
• Strong understanding of data management, data flow, and data governance principles.
• Familiarity with data architecture, database management, SQL and ETL processes.
• Proficient in intermediate-level Excel functions, including nested formulas, conditional logic, lookups, and data aggregation techniques.
• Experience in working with data models, pivot tables, and managing large datasets in Excel.
• Ability to troubleshoot complex Excel formulas and ensure data accuracy.

Desired skills:

• Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously.
• Knowledge of regulatory data compliance requirements
• Experience with regulatory reporting, regulatory exams, and/or audit

Job Description:

An ideal candidate for RDA project is expected to ensure the data lineage, controls, and transformations supporting Critical Risk Figures are documented as per the Risk Data Aggregation and Risk Reporting - Enterprise Policy. The candidate will be responsible for developing and maintaining comprehensive data lineage documentation, enabling stakeholders to trace data from source to consumption.

Responsibilities:

• Data Lineage Documentation: Identify and map the flow of data across reporting templates and dashboards, capturing its origin, transformations and end usage.
• Data Governance Support: Collaborate with data governance teams to ensure that data lineage is in compliance with internal policies and external regulations.
• Collaboration with IT & Business Teams: Work with IT and business units to identify key data sources, transformation rules and usage patterns.
• Regulatory and Audit Support: Provide detailed data lineage reports to support audits and regulatory compliance requests, ensuring transparency and traceability.
• Continuous Improvement: Continuously enhance data lineage processes, staying up-to-date with new technologies, tools, and best practices.
• Metadata Management: Collaborate with metadata management teams to ensure that data lineage information is properly integrated into enterprise metadata repositories.

 

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