Consumer Product Strategy Analyst III

$79,700 - $118,900/Yr

Disability Solutions - Newark, NJ

Full-time - Mid Level

Newark, NJ

About the position

The position at Bank of America involves performing complex analysis and modeling to minimize loss exposure and enhance customer experience, particularly in the context of financial fraud prevention. The role requires strategic thinking to develop innovative solutions for detecting and preventing money mule activities, utilizing various data analytics tools and collaborating with multiple departments to ensure effective risk management and reporting.

Responsibilities

• Develop and implement comprehensive strategies to identify, prevent, and mitigate money mule activities.
• Leverage data analytics tools and techniques to analyze large datasets, identify patterns, and uncover indicators of money mule activity.
• Conduct risk assessments to identify vulnerabilities in the organization's systems and processes that may be exploited by money mules.
• Collaborate with various departments, including compliance, fraud investigations, and operations, to ensure effective coordination and information sharing regarding money mule activities.
• Prepare regular reports on money mule detection efforts, including key performance indicators, trends, and recommendations for improvement.
• Recommend ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs.
• Perform 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.
• Lead coordination of the production of product performance reports and updates for senior management.

Requirements

• 2+ years of SAS/SQL coding ability
• Intermediate Excel and PowerPoint capability
• Intermediate data science skills and working understanding of statistics and accuracy metrics
• Excellent communication and presentation skills
• Ability to interact effectively and build relationships with business partners at all levels
• Proficiency in framing problems and developing impactful solutions with minimal oversight
• Experience in managing competing priorities

Nice-to-haves

• Fraud and/or Claims background with focus on Account Takeover
• Understanding of advanced data analytics and modeling techniques
• Functional knowledge of multiple products and/or channels (e.g. Credit, Debit, Digital, Call Center, etc.)
• Master's degree in a relevant field
• Certification in fraud examination or risk management
• Experience in the financial services industry
• Knowledge of anti-money laundering regulations
• Familiarity with developing Tableau dashboards
• Experience presenting to senior leaders
• Experience with hypothesis testing and/or feature prioritization

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support for employees to make a genuine impact
• Contributions to the sustainable growth of the business and communities served