Description

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!

Job Description:

This Job is responsible for developing capabilities such as models, analytical tools, and testing scripts that provide timely, actionable insight on the operational health of Bank of America's processes. Key responsibilities include working with process owners to understand data, process flows, and controls, and identify risks to design effective testing and monitoring. Job expectations include creating methodologies to evaluate process and control effectiveness and compliance with laws, rules, and policies.

Skills:

• Process Design: The ability to understand how work is executed within an organization, evaluating efficiencies, and identifying areas for improvement and growth to the overall process
• Test Development: The ability to design and document tests used to measure the effectiveness of the Bank's processes and controls as well as adherence to applicable Laws, Rules, Regulations and internal policies and procedures
• Test Reporting: The ability to produce testing results, reporting and data-driven insights of the test inventory
• Test Development Life Cycle: Understands the end-to-end Test Development Life Cycle from test request to development, execution, and dissemination of results. Collaborates with cross-functional teams to meet testing objectives
• Programming Languages: Strong computational programming skills using other programming languages or scripts, e.g. Spark, R, C, JAVA, YAML, etc.
• Python: Strong programming skills using Python and it's packages
• Software Engineering: Software Engineering Life Cycle - Understand the software engineering life cycle and able to apply to daily coding
• Database Administration: Experience developing and maintaining complex databases and data sets
• Clustering/Classification: Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis
• Automation: The ability to design, deploy, and refine predictive programming algorithms to minimize repetitive tasks and increase capacity by using real-time data to recognize patterns
• Business Acumen and Domain Knowledge: Deep understanding of the product, the underlying business, and associated technical domains
• Problem-solving: Approaches challenges creatively and effectively, even under constraint
• Growth Mindset: Continuously explores new technologies, frameworks, and best practices to stay ahead of industry trends 
• Attention to Detail: Writing clean, maintainable code and proactively identifies and resolves issues

Responsibilities:

• Reviews test builds, maintenance, and quality assessments
• Oversees the identification and handling of issue escalation/resolution to prevent delays in delivery and identify and leverage opportunities for automation where possible
• Interacts extensively with internal or external contacts to identify, research, analyze and resolve complex problems
• Ensures effectiveness and compliance with laws, rules, and policies.

Minimum Education Requirements:

• 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 (or equivalent work experience)
• 2+ years of relevant work experience in software engineering in Quantitative Finance or other industries
• Strong Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles
• Able to document and verbally explain the intuition and details behind testing 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
• Knowledge of financial services industry and related regulations
• Demonstrating analytical and problem-solving
• Digital fluency
• Experience implementing process improvements and automation
• Implementing process improvements and automation

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range

$102,700.00 - $114,900.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.