Bank of America · 2 months ago
Fraud Analytics and Innovation Lead Analyst - Fraud Strategy
Plano
Full-time
Onsite
Mid, Senior Level
$149K/yr - $165K/yr
3+ years expBank of America is committed to helping make financial lives better through every connection. The Fraud Analytics and Innovation Lead Analyst is responsible for performing complex analysis to improve portfolio risk and operational performance, focusing on fraud prevention and detection strategies for consumer products.
Asset ManagementBankingFinanceFinancial ServicesFinTech
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
Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
Supports execution of large scale projects, such as platform conversions or new project integrations, by conducting advanced reporting and drawing analytics based insights
Responsible for oversight of deposit product application fraud, trend identification and development of mitigation strategies to responsibly manage fraud risk
Ensures effective governance and cadence on progress reviews, communication, stakeholder updates
Guarantees seamless hand off to operations team for new processes
Provide recommendations on mitigation efforts, ensuring monitors are in place, and will self-create initiatives as needed
Collaborate with cross-functional teams to integrate fraud detection measures into existing systems and processes
Stay abreast of industry trends, emerging threats, and technological advancements to continuously enhance fraud prevention methodologies
Analyze data and conduct investigations to identify patterns, trends, and anomalies indicative of potential fraud
Identifying new sources of data (internal or vendor-provided) that can enrich our existing detection processes, be added to our decision systems, and allow for new detection strategies to be developed. Will require close coordination with partners in Fraud Technology
Ensuring proper risk controls are deployed, while adhering to best practices
Provide oversight on defect reviews of 3rd party/scam loss cases to identify any gaps in Fraud strategy and/or procedural adjustments
Providing fraud requirements, testing, and development of strategies for new project and endeavors
Design and monitor key fraud metrics and KPIs to evaluate the effectiveness of fraud prevention
Monitor Strategy performance and Optimization of existing detection strategies to determine areas where rules can be adjusted to decline fewer false positives and improve the ROI and overall performance of our fraud strategies
Identify process improvements and efficiencies via data analysis
Partner with claims, policy, strategy, and product teams to deliver data insights and analysis that inform critical decisions and help achieve goals
Qualification
Required
3+ years of experience in SQL and SAS querying /coding
3+ years of experience in fraud prevention and strategic risk mitigation
Intermediate Excel, PowerPoint and/or Tableau experience
Demonstrate strong analytical skills
Strong organizational and written / oral communication skills
Self-starter capable of generating meaningful work and driving results
Ability to work in a fast paced, dynamic environment
Strong strategic thinking skills with a track record of breaking complex problems down and developing clear strategy / action plans
Proven track record of proactively identifying optimization opportunities for existing processes
Ability to develop and/or optimize mitigation strategies or manage large fraud programs/initiatives
Aptitude for working across functional lines and organizational levels to drive results
Ability to present, lead, support, and influence senior management and business stakeholders
Preferred
BA/BS in Computer Science, Data Science, Statistics, or a related field
Business analysis / Consulting experience
Fraud subject matter expertise in these domains: KYC, KYB, Identity Theft, First Party Fraud and Synthetic Identities
5+ years of SAS or SQL Coding experience
5+ years of experience in fraud prevention and strategic risk mitigation
Background in Technology, Agile, Systems Integration Testing (SIT), or User Acceptance Testing (UAT)
Leadership and management skills, including development of teams and individuals
Experience with multiple banking products such as, Digital Money Movement (Zelle, ACH, Wires) Deposit (DDA, Checks), Cards (Credit and Debit)
Benefits
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.
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.
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
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Company data provided by crunchbase