Global Risk Summer Analyst Program

Please note the maximum number of applications that you can submit per recruitment season is 8.

• 3 applications in total to U.S. and Canada programs
• 2 applications in total to APAC programs
• 2 applications in total to LATAM programs
• EMEA applicants are limited to 1 application per recruitment season.

Program

Region: U.S. and Canada

Location:

United States of America

States:
New Jersey, New York, North Carolina

City:
Charlotte, NC; NYC Metro, NY

Program:
Global Risk Program

Program type:
Summer internship

Entry level:
Analyst

Global Risk internships are 10 weeks long and give interns a glimpse into the company’s relationships with key regulators as well as how the bank identifies, mitigates, and evaluates risk factors.

The Global Risk Development Summer Analyst Program will introduce you to Bank of America and the Global Risk Management (GRM) group. GRM is an enterprise control function that provides independent risk management for Bank of America. GRM’s function is to ensure the company pursues its Responsible Growth strategy through strong risk management practices while deploying its capital appropriately to support business activities and maximize shareholder value.

GRM oversees the company’s governance and strategy for risk management, including relationships with key regulators and supervisory institutions worldwide.

Our culture of accountability and compliance requires that all employees comply with relevant laws, regulations, ethical standards, and internal policies and procedures. As a Summer Analyst, you will be offered a curriculum that focuses on the management of our seven types of risk — strategic, market, credit, compliance, liquidity, operational, and reputational — to build a strong platform to launch your career.

Intern Program Overview:

The Global Risk Development Summer Analyst Program is a 10‑week summer internship that will introduce you to Bank of America and Global Risk Management. Our goal for summer interns is to have the opportunity to build upon their academic foundation – specifically technical skills, industry knowledge and familiarity with a corporate environment – while pursuing their career based on their interests and background.

Your development is our top priority with on‑the‑job support, networking opportunities, program events, and mentorship throughout the course of the 10‑week internship. These opportunities include but are not limited to:

• Bank‑provided learnings focused on topics such as our approach for managing our seven types of risk, understanding the Regulatory landscape, leveraging data to produce key insights, and more
• Continuous Educational Speakers and Events
• Networking Events
• Community Service Opportunities
• Bank of America My Learning Resources (soft and technical skills)

Internship opportunities provide exposure to the following risk types, defined below:

• Risk to current or projected financial condition arising from incorrect assumptions about external or internal factors, inappropriate business plans, ineffective business strategy execution or failure to respond in a timely manner to changes in the regulatory, macroeconomic, or competitive environments in the geographic locations in which we operate

• Risk that changes in market conditions adversely impact the value of assets or liabilities or otherwise negatively impact earnings. Market risk is composed of price risk and interest rate risk

• Risk of loss arising from the inability or failure of a borrower or counter party to meet its obligations

• Risk of legal or regulatory sanctions, material financial loss or damage to the reputation of the company arising from the failure of the company to comply with the requirements of applicable laws, rules and regulations or our internal policies and procedures
• Risk of the inability to meet expected or unexpected cash flow and collateral needs while continuing to support our businesses and customers under a range of economic conditions

• Risk of loss resulting from inadequate or failed internal processes or systems, people or external events
• Risk that negative perception of the company may adversely impact…