Fraud Analytics and Innovation Senior Analyst

$79,700 - $117,300/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 fraud loss exposure and enhance customer experience. The role requires utilizing various analytical tools and systems to support strategies, assess fraud risks, and propose policy changes to optimize results. The job emphasizes collaboration, independent judgment, and effective communication with management.

Responsibilities

• Perform complex analysis and modeling to minimize fraud loss exposure.
• Utilize systems such as Excel, SAS, SQL, and Tableau for analytical support.
• Evaluate data to assess potential fraud risk and create mitigation strategies.
• Recommend strategies to help the business achieve desired outcomes using data analysis.
• Lead the coordination of product performance reports for senior management.
• Develop complex program models to extract data and acquire statistical and financial data.
• Support biometrics capability enhancements and strategy design.
• Build and develop logic for strategy implementation.
• Participate in the rollout of machine learning technology.

Requirements

• 3+ years of fraud experience and/or 2+ years of analytical experience (Payment card/Retail Bank background preferred).
• Proficient in SAS/SQL and Excel.
• Strong quantitative, critical thinking, and analytical skills.
• Ability to communicate professionally with executive level personnel.
• Ability to work independently and as part of a virtual team.
• Innovative mindset with the ability to challenge the status quo.
• Ability to identify, analyze, and improve existing processes.

Nice-to-haves

• Bachelor's degree in a quantitative discipline such as mathematics, statistics, operations research, finance, or business.
• Advanced analytical and quantitative skills with experience in using data to identify root causes.
• Basic understanding of 1st and 3rd party fraud.

Benefits

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