Consumer Product Strategy Analyst III

$79,700 - $118,900/Yr

Bank of America - Fort Worth, TX

Full-time - Mid Level

Fort Worth, TX

Credit Intermediation and Related Activities

About the position

The Consumer Product Strategy Analyst III 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 analyst will focus on identifying and mitigating money mule activities, requiring a strategic mindset and innovative problem-solving skills.

Responsibilities

• Develop and implement comprehensive strategies to identify, prevent, and mitigate money mule activities.
• Leverage data analytics tools to analyze large datasets and identify patterns indicative of money mule activity.
• Conduct risk assessments to identify vulnerabilities in systems and processes that may be exploited by money mules.
• Collaborate with compliance, fraud investigations, and operations departments to ensure effective coordination regarding money mule activities.
• Prepare regular reports on money mule detection efforts, including key performance indicators and recommendations for improvement.
• Recommend ways to help the business achieve desired outcomes using data analysis outputs.
• Perform complex analysis of financial models and market data to understand product performance and improve operational performance.
• Lead coordination 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 understanding of statistics
• Excellent communication and presentation skills
• Ability to interact effectively with business partners at all levels
• Proficiency in framing problems and developing impactful solutions
• 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
• 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
• Discretionary incentive eligibility
• Annual discretionary award based on performance