Cons Prod Strategic Analyst IV

GHR • Boston, MA

322d • $99,700 - $157,800

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 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! 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. This role is a Fraud Forecasting & Reporting Analyst who will lead efforts to develop/build the 1st and 3rd party fraud loss forecasts, provide loss performance updates and commentary for loss packages, outline and communicate the drivers of the forecasts, and partner with key stakeholders to understand recent trends, initiatives, and issues that impact the forecasts.

Requirements

• Advanced analytical and quantitative skills with demonstrated ability in using data and metrics to identify root causes
• Basic understanding of 1st and 3rd party fraud (claims to charge-off timing, chargeback recovery rights, etc.)
• Proven strong analytical and communication skills
• Experience leading teams
• Strong financial knowledge and understanding of fraud loss drivers
• Strong knowledge of programming language (i.e. SAS or SQL) and experience with e-Ledger and Enterprise GL tools (EPM)

Nice To Haves

• MBA or graduate level work in finance, accounting, and/or business management is preferred
• Bachelor's degree in Finance, Accounting, Economics (or related discipline)
• 5+ years of fraud experience and/or 5+ years of analytical /financial experience (Payment card /Retail Bank Finance background preferred)
• Outstanding quantitative, critical thinking, and analytical skills
• Confidence with finance and accounting concepts
• Ability to work with and communicate effectively with others, demonstrate leadership, and possess strong interpersonal skills
• Ability communicate and interact with a high degree of professionalism with executive level personnel across the business
• Ability to present, lead, support, and influence senior management and business stakeholders
• Innovation mindset with the ability to challenge the status quo
• Leadership and management skills, including development of teams and individuals
• Ability to prioritize and handle multiple projects at the same time
• Ability to proactively identify, analyze, and improve upon existing processes for optimization and to meet deadlines

Responsibilities

• Provide short and long term loss forecasting in addition to analysis on both historical and projected 1st and 3rd party fraud loss performance
• Responsible for developing, evaluating, and recommending new methods to improve forecasting accuracy
• Develop fraud forecast models leveraging inputs and drivers to improve accuracy
• Ability to interpret financial results extracting trends to provide valuable insights to the business and Senior Management
• Assist in providing ongoing financial support to the product and loss finance teams
• Identify and lead initiatives to continuously improve, automate, and scale forecasting processes and methodologies
• Partner /Collaborate with finance and key stakeholders on the communication of forecast drivers, impacts, loss performance, and reconciliation
• Prepare, distribute, and consolidate weekly, monthly, quarterly fraud loss packages
• Identify and implement improvements with recurring monthly reporting and adhere to all deadlines

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to employees
• Discretionary incentive eligible
• Annual discretionary award based on individual performance results and behaviors

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree