Risk Management Sr Specialist

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth.

We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.

These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in‑office culture that supports collaboration, engagement, and career development. Our approach includes clear in‑office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Join us!

This job is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB.

Job expectations include the ability to recognize all risk categories including credit, market, operational, and compliance. Consumer Post Approval Review (CPAR) is a key component of the Credit Risk Framework, ensuring the risks associated with credit strategies and execution are effectively identified, measured, mitigated, and controlled. We have a broad reach covering US Consumer Card, Small Business, Consumer Vehicle Lending & Consumer Real Estate, across Credit, Fraud, Product and Collections.

The Risk Management Specialist is accountable for Consumer post approval underwriting reviews (New Account Acquisition and Existing Account Credit), monthly review scheduling, process execution, and reporting. This role will participate in the creation of monthly reporting of Credit Risk themes and trends within front line units, and enterprise level, and may be expected to present to various levels of management.

This role will have a pivotal role in maintaining and scheduling current state Credit Risk reviews across Consumer products and support process innovation by identifying opportunities for automation and efficiency. Assist in driving opportunities into a more operationally efficient future state. The ideal candidate for this role will be a self-starter comfortable working with various partners and platforms and have a strong desire to improve processes (both governance and technology).

• Assists in establishing and overseeing the risk management governance structure for the Line of Business (LOB)
• Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
• Liaisons with businesses to understand market trends and impacts on…