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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.

Responsibilities:

Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
Coaches and mentors’ peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals
Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement
Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions
Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues
People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance
Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization
Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating teamwork
Assist in managing and maintaining First Mortgage (FM) Origination Credit Strategies focused on Buy Box and related credit eligibility items for Consumer and High Net Worth customers. Products include Conforming, Non-Conforming, Affordable, Government and Custom Mortgage programs
Work closely with other line of Business partners (such as Product, Credit Policy, Pricing, Underwriting and Fulfillment, etc.), Second Line / Control partners (such as Credit Risk, Fair Lending, Legal, Compliance) and Support partners (such as Finance, Balance Sheet Management, Process Design, Technology)
Serve as Subject Matter Expert for FM Originations across Home Loans, driving and enabling FM Origination related project work and providing value added input and strategic direction. Understand all Product guidelines and key performance drivers with the goal of delivering responsible growth and credit performance within stated Risk Appetite.
Perform complex analysis to recommend ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs
Perform ongoing monitoring of FM Origination performance, profile / mix, and application process outcomes
Maintain the First Mortgage Decision Strategy Governance (DSG) routines and supports all Fair Lending Business Justifications and associated analyses
Support execution of key projects from a Credit Strategy standpoint
Support Internal and External exam, or Issue remediation support, and ad hoc analytical requests as necessary

Required Qualifications:

5+ years’ experience in a Consumer Lending, Risk Management or Business Analytics type functional role
Possess the ability to understand multiple points of view, along with the "big picture" and make solid, practical, and fact-based Credit Strategy recommendations
Ability to use business knowledge and data / analytics to drive optimal risk & reward outcomes within stated Risk Appetite, established Performance Guardrails / Expectations and Concentration Limits
Solid understanding of relationships and dependencies between strategy, process, pricing that impact mix and expected performance outcomes
Ability to effectively document and defend Credit Strategy related topics to a variety of key stakeholders, including senior leadership
Problem solver with strong analytical, project management, logical reasoning skills
Strong collaborator, work effectively with multiple partners
Ability to work in a matrixed environment and be a self-starter that knows "how" to get information and "from whom" as necessary
Proactively identify risk and opportunities and champion or find sponsorship as appropriate
Creative ability to take multiple pieces of information and take complex problems to present them in simple ways
Comfortable with a dynamic environment and ad hoc requests from time to time
Advanced PC Skills, Word, PowerPoint, and Excel
Excellent organization and attention to detail

Desired Qualifications:

Bachelor’s degree in business/finance, mathematics, statistics, computer science, engineering, economics, a related quantitative discipline or equivalent experience
Solid understanding of the 5 Cs of Credit (Character, Capacity, Collateral, Capital, and Condition) impact Strategy
Experience in Home Loans business (First Mortgage and/or Home Equity)
Experience with Underwriting, Origination Guidelines and Application Systems
Knowledge of key Bank Processes such as Decision Strategy Governance, UCRA, Risk Identification, Issues management, etc.
Expertise manipulating database software and analytical/reporting tools, such as SAS, SQL, Tableau
Experience with Fair Lending, Legal, Compliance and Operational Risk
Ability to represent the Credit Strategy function in any Home Loans or Horizontal Enterprise Credit work effort
Effective project management skills, ability to collaborate, manage, and expand relationships across the organization and with all levels of management
Comfortable handling large amounts of data to perform complex analysis
Experience in supporting Internal (Corporate Audit, Credit Review) or External (Regulator) Exams or Inquiries
A solid working knowledge of statistical and/or financial modeling/analyses and the proven ability to apply that knowledge to business data and strategies to independently draw empirically based conclusions

Skills:

Analytical Thinking
Business Analytics
Data and Trend Analysis
Fraud Management
Problem Solving
Collaboration
Innovative Thinking
Monitoring, Surveillance, and Testing
Presentation Skills
Risk Management
Data Visualization
Interpret Relevant Laws, Rules, and Regulations
Issue Management
Oral Communications
Written Communications
Consumer Lending Knowledge
Familiarity with Risk Management
Credit Policies and Underwriting
Strategy Planning and Development

Shift:

1st shift (United States of America)

Hours Per Week:

40

Cons Prod Strategy Analyst IV - Home Loans Credit Strategy: First Mortgage Origination Strategy Manager

Job Description