Bank of America - Boston, MA

posted 2 months ago

Full-time - Mid Level
Boston, MA
Credit Intermediation and Related Activities

About the position

At Bank of America, we are committed to helping make financial lives better through the power of every connection. The Consumer Product Strategy Analyst III position focuses on minimizing loss exposure and enhancing customer experience through complex analysis and modeling. This role requires the use of various systems, including Excel, SAS, SQL, and Tableau, to provide analytical support on strategies, ensuring that goals are met while proposing necessary policy and procedural changes within segmentation structures to achieve optimal results. The analyst will evaluate data to assess potential fraud risks and develop effective mitigation strategies. The position involves recommending ways to help the business achieve desired outcomes and make informed decisions based on data analysis outputs. Analysts will perform complex analyses of financial models, market data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance. Additionally, the role includes leading the coordination of product performance reports and updates for senior management, ensuring that the organization is well-informed about the performance metrics and strategies in place. Working at Bank of America means being part of a diverse and inclusive workplace that values the contributions of every individual. The company is dedicated to providing a flexible work environment that supports the well-being of its employees, allowing them to learn, grow, and make a significant impact in their roles. This position is not eligible for sponsorship, and candidates must possess the required qualifications to be considered.

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

Requirements

  • Risk analysis, strategy development, or related experience
  • Basic understanding of 1st and 3rd party fraud, scams and/or mules
  • SQL/SAS Coding knowledge and/or 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

Nice-to-haves

  • 3+ years of risk analysis, strategy development, or related experience
  • 3+ years of SQL/SAS Coding experience
  • 2+ years of fraud/fraud detection experience and/or 2+ years of analytical/financial experience (Payment card/Retail Bank Finance background preferred)
  • Proven track record of building and deploying Fraud process and control changes
  • Advanced Excel capability
  • Bachelor's degree, ideally in a quantitative discipline such as mathematics, statistics, economics, business, engineering, finance or operations research
  • Experience with Python and usage of more advanced analytical, visualization and data extraction tools (H2O, HUE, Pig, Spark, Hive, Tableau) is strongly preferred.

Benefits

  • Industry-leading benefits
  • Access to paid time off
  • Resources and support for employees to make a genuine impact
  • Discretionary incentive eligible
  • Annual discretionary award based on individual performance and contributions
  • Support for physical, emotional, and financial well-being
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