The posting
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: Manage a group or process (potentially global). Work with business data users to define the use of data within risk systems. Recommend remediation of control gaps and implements effective risk controls of our data processes and systems. Participate in and lead user acceptance testing of data control processes. Understand existing risk systems, data flows, and infrastructure to identify gaps between business usage of data and current implementations. Recommend alternate data sources and processes to improve the control environment. Lead cross functional strategic efforts to remediate data quality issues. Proactively monitor and remediate incoming data used in risk measurement and reporting. Ensure the completeness, validity, and accuracy of data on a daily basis. Work with other groups as needed, including Middle Office, Sales and Trading, Technology, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data for GMRM.
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 team work.
The Data and Product Owner for Climate Risk will play a pivotal role in the GRA organization, leading the charge in developing and managing data-driven products and workflow solutions that assess and mitigate climate-related risks. This position calls for an individual with a strong background in data and product management, combined with a deep understanding of climate change and the impact across all risk categories including credit, market, liquidity, strategic, operational, reputational and compliance. The ideal candidate will be responsible for bridging the gap between technical data analysis and strategic product development, ensuring our products effectively support the identification, measurement, monitoring and control of climate-related risks, challenges, and opportunities.
In this role, you will:
- Develop and manage innovative data products focused on climate risk assessment and mitigation.
- Collaborate with cross-functional teams including business stakeholders, data scientists and engineers to define product vision and strategy.
- Oversee the entire data and product lifecycle, from ideation through development, launch, and continuous improvement.
- Utilize a deep understanding of climate science to inform data/product development and ensure accuracy and relevance.
- Analyze complex datasets to be leveraged in climate models for risk identification, measurement, monitoring and control.
Responsibilities:
- Lead the development and implementation of data-driven climate risk products.
- Ensure products meet high standards of quality, usability, and reliability.
- Conduct market analysis to identify new opportunities and stakeholder needs.
- Facilitate communication between technical teams and business stakeholders.
- Define and track key performance indicators for product success.
- Stay abreast of the latest developments in climate science and data technology.
Required Qualifications:
- 8+ years of experience in data/product management.
- Strong understanding of climate science and risk analysis.
- Proven track record in developing and managing data-driven products.
- Excellent analytical and problem-solving skills.
- Strong communication abilities.
- Ability to work effectively in a dynamic, cross-functional environment.
This role is an opportunity to make a significant impact in a vital and growing field, leveraging your experience to help the organization navigate the complexities of climate risk.
Skills:
- Critical Thinking
- Data Governance
- Negotiation
- Risk Management
- Stakeholder Management
- Attention to Detail
- Change Management
- Issue Management
- Presentation Skills
- Regulatory Relations
- Business Acumen
- Continuous Improvement
- Controls Management
- Data Management
- Performance Management
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
$109,100.00 - $201,200.00 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.
