Job Information
Bank of America Sampling and Test Development Specialist II in Pennington, New Jersey
Sampling and Test Development Specialist II
Charlotte, North Carolina;Chicago, Illinois; Pennington, New Jersey; Atlanta, Georgia
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description
Team Overview:
Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA and EIT drive innovation, process improvement and automation. The team develops and executes tests to evaluate the effectiveness of Bank of America’s processes and controls, and adherence to applicable Laws/Rules/Regulations, policies, and procedures.
Role Overview:
The Sample & Test Developer is responsible for developing testing scripts that provide timely, useful, and actionable independent insight on the operational health of Bank of America’s processes.
The developer will assess the quality of both manual and automated tests, validate data sourcing, conduct required sampling governance or distribute samples for testing, and design or revise sampling procedure documentation, with expert level efficiency and quality. This role is responsible for accessing pertinent databases or acquiring raw data from third party sources.
The developer works closely with process owners in the Front-Line Units and Control Functions (FLUs/CFs) to obtain an understanding of their processes, including underlying data, flows, and controls, and to identify risks to successful execution, so that appropriate testing and monitoring can be developed.
This role also entails partnering effectively with Global Compliance Operational Risk (GCOR), as well as various horizontal teams within Global Risk Analytics/Enterprise Independent Testing who provide operational, data sourcing, and technology infrastructure support. The outputs of the methodologies will be used to drive process improvements and timely detection of errors.
This role is integral to the Bank’s commitment to process excellence. We are looking for candidates with expertise in process and operational excellence, but this does not need to necessarily be in a Financial Institution and could be in manufacturing, logistics, etc.
The processes to be assessed span across Products (e.g., card, mortgage, autos), Regulations (e.g., The Bank Secrecy Act (BSA), the U.S. PATRIOT Act, Anti-Bribery Anti Corruption, and Anti-Money Laundering Laws), and Enterprise Processes (e.g., Global Human Recourses (GHR), Global Financial Crimes (GFC), Global Strategy & Enterprise Platforms (GSEP), Fraud, Anti-Money Laundering (AML), Customer Due Diligence (CDD)). The outputs of the methodologies will be used to drive process improvements and timely detection and reporting of errors.
The role requires being able to document and verbally explain the intuition and details behind the methodologies in a manner that is clear, concise, and consumable for a broad set of audiences that include key stakeholders across the Bank, as well as auditors and regulators.
Qualifications and Experience:
Bachelor’s degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration
2+ years of relevant work experience
Required Skills
Experience applying quantitative methods Digital fluency such as modelling, data analytics, machine learning, and statistics to develop business solutions,
Programming skills (e.g., SQL, Python) and solid understanding of Software Development Life cycle principles,
Possesses subject matter expertise/experience in Global Financial Crimes (GFC), Fraud, Anti-Money Laundering (AML), Customer Due Diligence (CDD),
Applies critical thinking and connects the dots on how processes relate to one another,
Feels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and meet strict deadlines,
Strong written, verbal, presentation creation and delivery skills,
Well organized, and has attention to detail,
Intellectual curiosity and an ability to challenge the status quo.
Desired Skills and Experience
Knowledge of financial services industry and related regulations
Experience implementing process improvements and automation.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.