Cons Prod Strat Analyst IV - Internal Fraud Detection

Bank of America•Fort Worth, TX

1d•Onsite

About The Position

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 an 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. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Summary: This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams. This opportunity encompasses identifying, developing and executing innovative, high performance strategies to mitigate inherent internal fraud risks across Consumer and Small Business Banking.

Requirements

Technical skills: proven, advanced SAS / SQL programming capabilities
Risk management skills: ability to anticipate and proactively identify threats and analyze and solve complex problems
Analytical skills: ability to collect and consume data from large, diverse datasets to independently develop risk control solutions
Relationship building skills: proven track record of fostering and maintaining mutually beneficial partnerships across organizations with competing priorities
Communication skills: ability to effectively and influentially communicate verbally and in writing at all levels within the organization
Thought leadership: constant curiosity about transformative ways to improve our process, business outcome, workplace culture
Ability to learn and adapt: fast-paced, dynamic environment with shifting risk landscape
Team-first attitude: actively contribute to a welcoming workplace with positive team dynamics and a culture of trust in a geographically dispersed organization

Nice To Haves

Expertise in additional programming languages and data environments
Prior fraud detection experience highly desired
Prior Center / Call Center experience/acumen

Responsibilities

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
Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
Leveraging independent risk management acumen, business partner subject matter expertise and historical event data to recognize emerging or existing internal fraud threats
Identifying data sources and extracting and working with large, complex datasets in a variety of environments
Performing outlier analysis to identify high risk activities and behaviors displayed by employees that may be indicative of internal fraud
Developing sophisticated code that will isolate aberrant patterns and behaviors to be presented to analysts for independent investigation
Partnering with operational teammates to refine methodologies to efficiently and effectively assess suspicious activities identified by strategies
Measuring and communicating performance and impact of internal fraud strategies
Leading / contributing to collaborative routines that ensure optimal performance of the end to end internal fraud detection process
Being an engaged, independent worker that is motivated by and actively contributes to team success and a positive work environment