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!
Team Overview:
Enterprise Independent Testing (EIT) is a sub-line of business within Global Risk Management (GRM). EIT is responsible for developing consistent and coherent analytical tools and tests for effective risk and capital measurement, management, and reporting across Bank of America. EIT partners with the Lines of Business and Enterprise function 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, EIT drives innovation, process improvement, and automation. EIT is transforming the way testing is built and executed through digital transformation, automation, and cutting-edge artificial intelligence and natural language processing technologies. EIT carries a portfolio of 8,000+ tests and has a global footprint of testing professionals across the United States, Europe, Asia, and Latin America, as well as Global Business Services (GBS) associates.
Job Description:
Enterprise Independent Testing (EIT) serves as the enterprise utility for independent testing across the Bank's end-to-end processes, controls, and risk management programs.
This role supports the design and execution of risk-based testing strategies that provide insights into process effectiveness, control performance, and compliance with regulatory and internal requirements. The position partners closely with business leaders, process owners, risk managers, and compliance professionals to identify risks, evaluate controls, and drive continuous process improvement.
Successful candidates will combine strong analytical and problem-solving skills with business acumen, process management experience, and the ability to translate data into meaningful risk and operational insights.
Responsibilities:
- Embodies EIT core skills: critical thinking, decisiveness, enterprise mindset, proactivity, project management, risk management, adaptability, collaboration, customer and client focus, effective written and verbal communication, and control rigor and discipline
- Partner with business, risk, and control stakeholders to understand end-to-end processes, risks, controls, and performance outcomes.
- Design and execute testing methodologies that evaluate process effectiveness, control performance, and compliance with regulatory and internal requirements.
- Support the ongoing enhancement of testing methodologies, monitoring capabilities, and reporting frameworks.
- Partner with data and technology teams to leverage automation and analytics capabilities where appropriate.
- Contribute to enterprise initiatives focused on operational excellence, risk management, and continuous improvement.
Required Education & Experience:
- Bachelor’s degree or above in fields including, but not limited to, Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, or Business Administration, or equivalent work experience
- 2 Years of relevant work experience
Required Skills
- Process analysis and business process improvement
- Risk management and control assessment
- Data analysis and problem-solving
- Test design, execution, and reporting
- Stakeholder management and relationship building
- Written and verbal communication
- Governance and issue management
- Project management and prioritization
- Critical thinking and decision making
Preferred Skills
- Experience using data analytics tools to support testing and monitoring activities
- Familiarity with SQL, Python, Alteryx, Tableau, Power BI, or similar analytical tools
- Experience supporting risk, audit, compliance, operations, or control functions within financial services
- Exposure to process automation or workflow improvement initiatives
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NJ - Jersey City - 525 Washington Blvd (NJ2525)
Pay and benefits information
Pay range
$64,100.00 - $109,700.00 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.
