Consumer Product Strategic Analyst III - Fraud Strategic Enablement
Company: Disability Solutions
Location: Richmond
Posted on: October 3, 2024
Job Description:
Job 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. Join us!Job Description:This job is responsible for
performing more complex analysis and modeling to minimize loss
exposure and negative impacts to the customer experience. 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 and procedural changes within segmentation
structures to produce optimal results. Job expectations include
evaluating data to assess potential fraud risk and create
mitigation strategies.Fraud Strategic Enablement team is dedicated
to developing the strategic vision, policy and roadmap to support
Fraud Prevention & Detection at Bank of America. We are developing
next-generation capabilities to mitigate emerging threats and
enable an amazing client experience. We are looking for an
innovative, strategic thought leader to join our team in ensuring
client success through client protection.This role will act as the
Manager and Business Strategy support for transformation
initiatives. This is a key strategic role and will be in the heart
of the company's fraud and digital transformation agenda. This
manager will be accountable for driving development and execution
of the fraud program strategy and strategic roadmap. They will also
play the central role in bringing that vision to life, identifying
improvement opportunities, and developing the ongoing monitoring
and oversight of authentication performance.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
- Partner across organizational lines to lead the development,
alignment, planning and execution of fraud strategy and strategic
roadmap.
- Evaluate fraud marketplace innovation, insights from data &
analytics, industry forums, and business partners to identify and
drive new ideas on improving customer experience, operational
efficiency & readiness, and reducing fraud risk.
- Develop compelling vision and data driven business cases for
transformation initiatives. Lead efforts to prioritize investments
in strategic fraud capabilities.
- Participate in cross-functional teams to solve complex, high
impact business problems.
- Ensure the execution and delivery of strategic initiatives is
aligned to our Fraud Strategic Enablement product strategy.
- Review and advise on proposed policy and process changes (in
line with broader enterprise and channel governance
processes).
- Support the management of the integrated scorecard to monitor
performance and stability of the program and capabilities. Analyze
performance to identify and address emerging trends.
- Creates an inclusive and healthy working environment, ensuring
engagements on strategic initiatives is robust, active, and
relevant.
- Leads fraud risk and impact assessment of new products,
initiatives, and functionality.
- Design end-to-end fraud defense/controls for new consumer and
small business banking products
- Act as the Fraud Risk Champion and approve fraud controls for
major new initiatives and processes.This position is not eligible
for sponsorship.Required Qualifications
- BS/BA
- Proven track record of being able to drive projects from idea
to execution
- Strong strategic thinking and problem-solving skills (ability
to frame a complex problem, evaluate options, and develop a plan to
address)
- Ability to work across organizational lines to drive
results
- Ability to influence effectively at executive levels
- Developing policy and/or technology requirements for
initiatives
- Strong PowerPoint and Excel
- Excellent communication skillsDesired Qualifications:
- Fraud, or other related risk fields experience
- Leading strategy or initiative development in a digital context
(product development, etc.) experience
- Strategy development or consulting experience
- Financial/Banking experienceSkills:
- 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
- ResearchShift:1st shift (United States of America)Hours Per
Week: 40Pay Transparency detailsUS - NY - New York - 1114 Avenue Of
The Americas - Grace (NY1544)Pay and benefits informationPay
range$79,700.00 - $118,900.00 annualized salary, offers to be
determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Suffolk , Consumer Product Strategic Analyst III - Fraud Strategic Enablement, Professions , Richmond, Virginia
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