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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for performing more complex analysis and modeling to minimize fraud 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 data bases, to provide analytical support on strategies, ensure goals are met, and propose policy/procedural changes within segmentation structures to produce optimal results. Job expectations include evaluating data to assess potential fraud risk and creating mitigation strategies.

Responsibilities:

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 managing 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

Recommends ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs

Performs 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

Leads 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

Excellent time management skills.

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

Advanced Excel capability

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

Business Intelligence

Data Quality Management

Fraud Management

Monitoring, Surveillance, and Testing

Collaboration

Data Visualization

Oral Communications

Problem Solving

Written Communications

Analytical Thinking

Critical Thinking

Data and Trend Analysis

Innovative Thinking

Research

Shift:

Hours Per Week: