Consumer Product Strategic Analyst III - Fraud Strategic Enablement

$79,700 - $118,900/Yr

Bank of America - Chicago, IL

Full-time - Mid Level

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Consumer Product Strategic Analyst III - Fraud Strategic Enablement at Bank of America is responsible for performing complex analysis and modeling to minimize loss exposure and enhance customer experience. This role involves utilizing various analytical tools to support strategies, assess fraud risks, and propose policy changes. The position is pivotal in driving the fraud program strategy and ensuring the execution of strategic initiatives aligned with the company's fraud prevention and detection goals.

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 coordination of the production of product performance reports and updates for senior management
• Partners across organizational lines to lead the development, alignment, planning and execution of fraud strategy and strategic roadmap
• Evaluates fraud marketplace innovation, insights from data & analytics, industry forums, and business partners to identify and drive new ideas on improving customer experience, operational efficiency & readiness, and reducing fraud risk
• Develops compelling vision and data driven business cases for transformation initiatives
• Participates in cross-functional teams to solve complex, high impact business problems
• Ensures the execution and delivery of strategic initiatives is aligned to our Fraud Strategic Enablement product strategy
• Reviews and advises on proposed policy and process changes
• Supports the management of the integrated scorecard to monitor performance and stability of the program and capabilities
• Creates an inclusive and healthy working environment
• Leads fraud risk and impact assessment of new products, initiatives, and functionality
• Designs end-to-end fraud defense/controls for new consumer and small business banking products
• Acts as the Fraud Risk Champion and approves fraud controls for major new initiatives and processes

Requirements

• BS/BA
• Proven track record of being able to drive projects from idea to execution
• Strong strategic thinking and problem-solving skills
• Ability to work across organizational lines to drive results
• Ability to influence effectively at executive levels
• Developing policy and/or technology requirements for initiatives
• Strong PowerPoint and Excel skills
• Excellent communication skills

Nice-to-haves

• Fraud, or other related risk fields experience
• Leading strategy or initiative development in a digital context experience
• Strategy development or consulting experience
• Financial/Banking experience

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support for employees
• Discretionary incentive eligibility based on performance