Consumer Product Strategy Analyst III - Fraud Detection Strategies

Newark, Delaware; Plano, Texas; Richmond, Virginia;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!Job Description:This job is responsible for performing more complex analysis and modeling to minimize loss exposure and negative impacts to the customer experience. Key responsibilities include utilizing a variety of systems such as Excel, SAS, SQL, Tableau, and other relational databases to provide analytical support on strategies, ensure goals are met, and propose policy and procedural changes within segmentation structures to produce optimal results. Job expectations include evaluating data to assess potential fraud risk and create mitigation strategies.The Client Protection organization is hiring an analyst for our Fraud Prevention team. This analyst will be responsible for the following:Drive analytics to develop fraud mitigation rules, carefully striking the balance across fraud risk, client impact, operational costs, and revenue implications.Proactively manage fraud risk by urgently responding to immediate threats while keeping an eye toward future risks, vulnerabilities, and changes to the fraud landscape.Consistently challenge the status quo to find opportunities to develop and refine our fraud policies and procedures, working closely with the business, operations, and policy partners.Recommend ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs.Perform complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance.Lead coordination of the production of product performance reports and updates for senior management.This position is

not

eligible for sponsorship.Required Qualifications:SAS/SQL Coding experience.Risk analysis, strategy development, or related experience.Basic understanding of 1st and 3rd party fraud, scams, and/or mules.Ability to build and maintain relationships with line of business leaders and multiple stakeholders throughout the organization.Strong written and oral communication skills.Ability to manage multiple projects in a complex and rapidly-changing environment.Ability to work independently as well as part of a team.Intellectually curious and willing to dive into complete issues/problems and solve.Desired Qualifications:3+ years of risk analysis, strategy development, or related experience.3+ years of SQL/SAS Coding experience.2+ years of fraud/fraud detection experience and/or 2+ years of analytical/financial experience (Payment card/Retail Bank Finance background preferred).Proven track record of building and deploying Fraud process and control changes.Bachelor’s degree, ideally in a quantitative discipline such as mathematics, statistics, economics, business, engineering, finance, or operations research.Experience with Python and usage of more advanced analytical, visualization and data extraction tools (H2O, HUE, Pig, Spark, Hive, Tableau) is strongly preferred.Skills:Business Analytics.Data Quality Management.Monitoring, Surveillance, and Testing.Oral Communications.Problem Solving.Analytical Thinking.Critical Thinking.Data and Trend Analysis.Innovative Thinking.Research.Shift:

1st shift (United States of America)Hours Per Week:

40Pay Transparency details:Pay range: $79,700.00 - $118,900.00 annualized salary, offers to be determined based on experience, education, and skill set. 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. 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.

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