Cons Prod Strategic Analyst IV

Bank of America•Newark, NJ

About The Position

At Bank of America, the Cons Prod Strategic Analyst IV performs complex analysis to improve portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. The position applies knowledge across multiple business and technical areas and independently drives strategic improvements, large-scale projects, and initiatives. It works with business counterparts within the Line of Business and partner organizations, including Risk and Product teams. The role may also include associate-management responsibilities. Bank of America describes manager-level expectations that include fostering inclusion, improving processes through data-based decision-making, communicating enterprise decisions and team priorities, maintaining risk discipline, coaching and developing employees, managing expenses and budgets, building talent, and delivering business outcomes. Bank of America states that it is committed to an in-office culture supporting collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs. The position is listed as first shift and 40 hours per week.

Requirements

At least 8 years of experience in forecasting, data analytics, statistical work, reporting, or quantitative research.
Programming skills in SQL, SAS, and Python.
Proficiency with visualization and presentation tools, including Tableau, Microsoft Excel, and PowerPoint, and ability to tell a story with data.
Experience in Collections, Credit, Risk, or Financial Operations, with a demonstrated track record of generating and communicating insights that improve performance and understanding.
Strong business and financial acumen, including consumer experience in Card, Auto, or Home Loans.
Attention to detail and ability to simplify complex information.
Experience in data science and analysis, with excellent analytical skills.
Ability to organize and work collaboratively across multiple teams and functions.
Strong written and oral communication skills, with the ability to adapt communication to technical and executive audiences.

Nice To Haves

Graduate degree in a quantitative discipline, such as Mathematics, Economics, Engineering, Finance, or Physics.
Proven analytical ability and problem-solving skills demonstrated through banking experience related to forecasting, analytics, and operations, with the ability to proactively lead.
Demonstrated strong leadership or project management experience.
Track record of driving change and advancing the status quo through strategic thinking.

Responsibilities

Analyze financial models, market data, financial data, and portfolio trends to improve product performance, portfolio risk, profitability, performance forecasting, and operational performance.
Coach and mentor peers to improve proficiency in systems and serve as a subject matter expert on multiple business and technical topics.
Identify business trends based on economic and portfolio conditions and communicate findings to senior management.
Support large-scale projects, such as platform conversions or new project integrations, through advanced reporting and analytics-based insights.
If managing associates, model an inclusive environment for employees and clients.
If managing associates, demonstrate process knowledge, operational excellence, innovation, simplicity, data-based decision-making, and continuous improvement.
If managing associates, communicate enterprise decisions, purpose, and results, and connect them to team strategy and priorities.
If managing associates, ensure risk discipline, controls, and culture support identifying, escalating, and debating issues.
If managing associates, provide inspection, coaching, and feedback to motivate employees and improve performance.
If managing associates, manage expenses and budgets in alignment with objectives.
If managing associates, assess talent and build bench strength across the organization.
If managing associates, prioritize, inspect, and appropriately delegate team work to deliver business outcomes.