AVP, Global Markets Data Management (GMDM)

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: The Global Markets Data Management team is offering an exciting opportunity to work on our PB and CCR workstreams. In this role, you will execute and continuously improve the data quality frameworks and control processes across the PB and CCR Risk programs. The primary responsibility is to help ensure that high-quality data is used in essential business and risk management processes, which is critical to our success as a firm. This involves facing off with “customers” from the relevant business lines, and Technology groups, helping design, testing and running controls, supported by our offshore partner team. Furthermore, control issue triaging, escalations and follow-through on resolution, and facing off with Technology vendors are also key aspects of the role. This often also leads to collaboration with other business partners including, but not limited to, Finance, Sales and Trading, Compliance, Operational Risk, and Enterprise Capital Management to ensure effective controls over data. This position is at the nexus of the areas of responsibility of Data Management, working with the relevant business lines, Risk Managers and the Technology groups; it is therefore well-placed to define and implement effective solutions and manage remediation of data issues. Responsibilities • Identify opportunities and define solutions to improve data quality and business processes within the GMDM framework. • Improve data quality diagnostic tools, investigate possible data errors and remediate inaccurate and missing data. • Lead in enhancing Risk processes, ensuring adherence to regulatory policies, risk data aggregation standards, and enterprise-mandated standards. • Work with Technology on strategic initiatives and data sourcing projects and participate in User Acceptance Testing and impact analyses. • Analyze and confirm metrics / controls / thresholds are effective with LOB Risk Executives and sufficient for Compliance. • Help establish policies and procedures for managing data exceptions in the trade lifecycle. • Partner with global stakeholders including the Business, Risk Managers, Operations and Technology. Required transferable skills / qualifications • Excellent communication, both written and verbal, analytical skills & attention to detail. • Ability to work under pressure in a diverse team spread across different geographical locations in the world. • Ability to liaise and work with all levels of the firm and people with different experiences and backgrounds. • Broad knowledge in financial products and Risk management (VaR, Greeks, stress testing). • Self-motivated, having a problem-solving mindset and able to drive change. • Intermediate Excel skills and an ability to meaningfully present large sets of data. Desirable skills / experience / qualifications • Degree in Computer Science, Finance, Quantitative field or related field • Experience in Prime Brokerage, Collateral Operations, Risk or a control function. • Advanced Excel/VBA skills and preferably SQL or Python skills to build and maintain tools to simplify and improve processes, and eliminate manual / repetitive tasks. • Project management skills or experience in managing operational risks in Banking / Finance. Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $110,000.00 - $175,000.00 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. Privacy Statement: 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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: