About this opportunity
Bank of America lists this Fraud Analytics and Innovation Senior Analyst - Digital Fraud & Scam opportunity in town of newark, Wisconsin. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Job Summary
This job is responsible for performing more complex analysis and modeling to minimize fraud loss exposure and negative impacts to the customer experience.
Key Responsibilities
Key responsibilities include utilizing a variety of systems, such as Excel, SAS, SQL, Tableau, and other relational data bases, to provide analytical support on strategies, ensure goals are met, and propose policy/procedural changes within segmentation structures to produce optimal results.
Job expectations include evaluating data to assess potential fraud risk and creating mitigation strategies. Responsible for performing more complex analysis and strategy development for multiple money movement products with the goal of maximizing profits and asset growth and minimizing risk and operating losses and/or other financial and marketing exposures.
Responsibilities
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.
Utilizes a variety of systems, such as Excel, SAS, SQL, Tableau, and other relational data bases, to provide analytical support on strategies, ensure goals are met.
Evaluates data to assess potential fraud risk and creating mitigation strategies.
Proposes policy/procedural changes within segmentation structures to produce optimal results.
Recommends ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs.
Leads the coordination of the production of product performance reports and updates for senior management.
Develops complex program models to extract data and uses multiple databases to acquire statistical and financial data.
Support biometrics capability enhancements and strategy design.
Build and develop logic for strategy.
Utilizes portfolio trends to propose strategy and policy changes within segmentation structure to produce optimal results.
Role would also include project scope leadership where candidate would be responsible for providing fraud requirements, testing, and development of strategies.
Excels at risk/reward trade off.
Participates in the rollout of leading-edge machine learning technology.
Duties primarily include the regular use of discretion, independent judgment, the ability to communicate with multiple levels of management and the utilization of core leadership behaviors.
Required Qualifications
2+ years of analytical experience (Payment background preferred)
Proficient in SAS or SQL and Excel
Strong quantitative, critical thinking, and analytical skills
Ability to communicate and interact with a high degree of professionalism with executive level personnel across the business
Ability to work independently as well as part of a virtual team
Innovative mindset with the ability to challenge the status quo
Ability to proactively identify, analyze, and improve upon existing processes for optimization and to meet deadlines
Desired Qualifications
3+ years of fraud experience
Bachelors degree in a quantitative discipline such as mathematics, statistics, operations research, finance, or business
Advanced analytical and quantitative skills with demonstrated ability in using data and metrics to identify root causes
Basic understanding of 1st and 3rd party fraud (claims to charge-off timing, chargeback recovery rights, etc.)
Skills
Business Analytics
Business Intelligence
Data Quality Management
Fraud Management Monitoring, Surveillance, and Testing
Collaboration
Data Visualization
Oral Communications
Problem Solving
Written Communications
Analytical Thinking
Critical Thinking
Data and Trend Analysis
Innovative Thinking
Research
Shift
1st shift (United States of America)
Hours Per Week
40
Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)
Pay and benefits information
Pay range $100,000.00 - $133,600.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible.
We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Privacy Statement
Company Description
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.
Partnering Locally
Learn about some of the ways Bank of America is making a difference in the communities we serve.
Global Impact
Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.
Opportunity and Inclusion
Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.
Pay Transparency
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.