Consumer Product Strategic Analyst III - Network Fraud Strategies

$79,700 - $118,900/Yr

Bank of America - Newark, NJ

Full-time - Mid Level

Newark, NJ

Credit Intermediation and Related Activities

About the position

The position at Bank of America involves performing complex analyses to identify fraud networks using graph analytics. The role aims to minimize loss exposure and enhance customer experience by evaluating data to assess potential fraud risks and creating mitigation strategies. The successful candidate will collaborate with various internal teams to deploy advanced analytical solutions that reduce fraud losses and improve client experience.

Responsibilities

• Utilize graph analytics to identify and mitigate fraud networks.
• Evaluate data to assess potential fraud risk and create mitigation strategies.
• Perform complex analysis of financial models and market data to improve portfolio performance.
• Lead the production of product performance reports for senior management.
• Recommend strategies to help the business achieve desired outcomes using data analysis.

Requirements

• 4 years of experience in big data and analytics, analyzing over 10 million records.
• Proficiency in SQL and one of SAS, Python, or Java, with the ability to write and debug automation processes in Pyspark.
• Critical problem-solving skills, including statistical analysis and solution deployment.
• Proven project management skills and ability to work with limited direction on complex problems.
• Excellent communication and influencing skills.

Nice-to-haves

• Advanced Quantitative degree (Masters or PhD).
• Experience in process automation and improvement using Python/Java.
• Strong background in statistical learning, time series, or anomaly detection.
• 4+ years of experience in financial services, particularly in fraud, credit, or cyber security.
• Proficiency with advanced analytical tools like H2O.
• Knowledge of graph databases such as Neo4j or Tigergraph.

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support for employees
• Annual discretionary award based on performance