Risk Analysis Specialist I-Non-Standard Request Coordinator

As a Risk Analysis Specialist I - Non-Standard Request Coordinator at Bank of America, your key responsibilities will include overseeing incoming non-standard requests, ensuring that all documentation is complete and accurately describes risks, and generating monthly reports to help analyze trends. Additionally, you'll perform detailed assessments of requests, identifying potential risks and problem areas while working collaboratively with various teams, such as sales and legal, to address concerns and ensure compliance.

To qualify for the Risk Analysis Specialist I - Non-Standard Request Coordinator position at Bank of America, you should have at least 4 years of experience in treasury, payments, or transaction banking, with a strong understanding of Global Payments Solutions. You need to demonstrate critical thinking, organizational skills, and the ability to manage multiple tasks while effectively communicating with various stakeholders.

The Risk Analysis Specialist I - Non-Standard Request Coordinator plays a critical role in ensuring that all non-standard requests are managed correctly, minimizing risks that could potentially impact clients and the company. Your expertise in analyzing risks and identifying actionable insights will help drive responsible growth at Bank of America while enabling teams to make informed decisions, which is vital for maintaining strong relationships with clients and stakeholders alike.

In your role as a Risk Analysis Specialist I - Non-Standard Request Coordinator at Bank of America, you will lead various projects that focus on enhancing risk management practices. This includes initiatives that address regulatory requirements, analyze audit issues, and review existing policies and procedures. You'll also have the opportunity to contribute to product development and expansion projects, ensuring that risks are effectively managed.

At Bank of America in Charlotte, NC, the work environment for a Risk Analysis Specialist I - Non-Standard Request Coordinator is dynamic and collaborative. You will engage with various teams and departments, working closely with colleagues across the globe. The company prides itself on fostering an inclusive workplace culture that values diverse perspectives and promotes professional growth, ensuring that you have the support and resources needed to excel in your role.

In answering this question, emphasize your specific experience working with Global Payments Solutions in a treasury or transaction banking setting. Highlight any projects you've worked on that involved risk assessment and how your analytical skills were applied to identify and mitigate potential risks.

To effectively answer this question, describe your organizational strategies, such as creating a prioritized task list based on deadlines and urgency. Share examples of how you’ve handled competing priorities in the past, and emphasize your ability to adapt and stay focused under pressure.

In your response, discuss your approach to synthesizing complex information and conveying it to stakeholders clearly. Talk about any tools or techniques you use for presentations and written reports, providing specific examples of effective communication you've employed in previous roles.

When responding, detail a specific project where you played a leadership role in improving risk management. Discuss the objectives, your strategies, and the results you achieved, emphasizing how this had a positive impact on your previous organization.

Be sure to list tools such as Excel, PowerPoint, or any specialized risk analysis software. Provide concrete examples of how you've used these tools to analyze data, create reports, or present findings, showcasing your technical proficiency and analytical capabilities.

Discuss the resources you rely on for information about regulatory updates, such as industry publications, training sessions, and professional organizations. Emphasize your commitment to continuous learning and how this knowledge can be applied in your role at Bank of America.

In your response, outline the situation in which you needed to challenge a client’s request, focusing on your approach to maintaining a professional relationship while clearly communicating the risks involved. Discuss the outcomes and any changes that resulted from your actions.

Share your insights about current risks in the payments industry, including regulatory, cybersecurity, and operational challenges. Discuss how these risks can impact organizations and how you would approach risk mitigation strategies in your role.

Explain your analytical process for reviewing non-standard request submissions, focusing on how you evaluate exceptions and their potential impacts. Discuss the criteria you use to categorize risks by severity and the importance of anticipating stakeholder questions.

In your answer, highlight key qualities such as strong analytical skills, effective communication, teamwork, and a risk-minded approach. Discuss how these traits contribute to success in managing non-standard requests and navigating the complexities of risk management.