Fraud Analytics and Innovation Senior Analyst - Fraud Detection Strategies

Hispanic Technology Executive Council
US - Delaware - Newark
November 2, 2024

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. Were 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!

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.

The Alert Prioritization and Self-Service team within the Client Protection Organization is looking for an experienced fraud analyst to join our growing team. We are focused on driving operational and process efficiency to protect the accounts of our clients and minimize both client disruption and fraud loss. Analysts will have the opportunity to gain exposure to just about all products across Consumer and Small Business, including application fraud, digital money movement like Zelle, account take over, credit and debit cards. We are tasked with having quality oversight for our self-service processes, completing defect reviews, and monitoring the fraud platform access. Implementation opportunities will span fraud policy modifications, evaluation of digital client communication through text, email and push channels, and oversight of fraud system privileges.

We are looking for a smart, energetic candidate with fraud experience, a great sense of urgency and an excellent approach to teamwork. Focus areas will be:

Build relationships and drive business initiatives across various Client Protection strategies, policy, operations and technology areas.
Drive and support funded technology projects across applicable LOBs, including new product launches and client contact capability enhancements.
Duties primarily include the regular use of discretion, independent judgment, the ability to communicate with multiple levels of management and the utilization of core leadership behaviors.
Proactively managing fraud risk by urgently responding to immediate threats while keeping an eye toward future risks, vulnerabilities, and changes to the fraud landscape.

Responsibilities:

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 the coordination of the production of product performance reports and updates for senior management

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

This position is not eligible for sponsorship.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Required Qualifications:

Understanding of 1st and 3rd party fraud, scams and/or mules

1+ years of project management or team manager experience
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:

Proven track record of building and deploying Fraud process and control changes
Advanced Excel capability
Bachelors degree
2+ years of Flash system experience within multiple fraud LOBs
SQL/SAS Coding knowledge and/or experience

2+ years of fraud/fraud detection experience

Shift:

1st shift (United States of America)

Hours Per Week:

Pay Transparency details

US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$79,700.00 - $117,300.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Read the full job description and apply online on the recuiter's web-site

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