Credit Risk Intern Jobs in Brooklyn, NY (NOW HIRING)

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At Bank of America, we value being a Great Place to Work

Bank of America provides a diverse range of banking and nonbanking financial services and products domestically and internationally in more than 35 countries.

Global Risk internships are 10 weeks long and give interns a glimpse into the company’s relationships with key regulators as well as how the bank identifies, mitigates, and evaluates risk factors.

The Global Risk Development Summer Analyst Program will introduce you to Bank of America and the Global Risk Management (GRM) group. GRM is an enterprise control function that provides independent risk management for Bank of America. GRM’s function is to ensure the company pursues its Responsible Growth strategy through strong risk management practices while deploying its capital appropriately to support business activities and maximize shareholder value. GRM oversees the company’s governance and strategy for risk management, including relationships with key regulators and supervisory institutions worldwide.

Our culture of accountability and compliance requires that all employees comply with relevant laws, regulations, ethical standards, and internal policies and procedures. As a Summer Analyst, you will be offered a curriculum that focuses on the management of our seven types of risk — strategic, market, credit, compliance, liquidity, operational, and reputational — to build a strong platform to launch your career.

The Global Risk Development Summer Analyst Program is a 10-week summer internship that will introduce you to Bank of America and Global Risk Management. Our goal for summer interns is to have the opportunity to build upon their academic foundation – specifically technical skills, industry knowledge and familiarity with a corporate environment – while pursuing their career based on their interests and background.

Your development is our top priority with on-the-job support, networking opportunities, program events, and mentorship throughout the course of the 10-week internship. These opportunities include but are not limited to:

• Bank-provided learnings focused on topics such as our approach for managing our seven types of risk, understanding the Regulatory landscape, leveraging data to produce key insights, and more
• Intern Mentorship Program
• Enterprise Executive Speaker Series
• Continuous Educational Speakers and Events
• Networking Events
• Community Service Opportunities
• Bank of America MyLearning Resources (soft and technical skills)

The Global Risk Summer Analyst Program assigns interns to teams across seven distinct types of risk. Internship opportunities provide exposure to the following risk types, defined below:

• Strategic
  • Risk to current or projected financial condition arising from incorrect assumptions about external or internal factors, inappropriate business plans, ineffective business strategy execution or failure to respond in a timely manner to changes in the regulatory, macroeconomic, or competitive environments in the geographic locations in which we operate
• Market
  • Risk that changes in market conditions adversely impact the value of assets or liabilities or otherwise negatively impact earnings. Market risk is composed of price risk and interest rate risk
• Credit
  • Risk of loss arising from the inability or failure of a borrower or counterparty to meet its obligations
• Compliance
  • Risk of legal or regulatory sanctions, material financial loss or damage to the reputation of the company arising from the failure of the company to comply with the requirements of applicable laws, rules and regulations or our internal policies and procedures
• Liquidity
  • Risk of the inability to meet expected or unexpected cash flow and collateral needs while continuing to support our businesses and customers under a range of economic conditions
• Operational
  • Risk of loss resulting from inadequate or failed internal processes or systems, people or external events
• Reputational
  • Risk that negative perception of the company may adversely impact profitability or operations

Intern team assignments are developed based on business need and aligned to skillset and therefore cannot be guaranteed.

• Label: Candidates are required to be currently enrolled in an undergraduate or accelerated (4+1) degree program from an accredited college or university. Eligible candidates must have a final graduation date between November 2027 and August 2028.
• Label: GPA of 3.2 or higher is preferred
• Label: Common areas of study include but are not limited to:
• Risk Management
• Engineering
• Finance
• Supply Chain
• Accounting
• Public Policy
• Economics
• Compliance
• Business Administration
• Political Science/Legal
• Mathematics
• Data Science
• Other related fields
• Label: Candidates should possess a high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results. Additionally, students should hold strong academic and technical skills in Microsoft Office as well as show proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.
• Label: Bank of America is unable to consider candidates that will require visa sponsorship now, or in the future, for this specific role.
• Label: Bank of America does not complete third party forms from colleges, universities, or other parties.