Bank of America · 5 days ago
Cons Prod Strategy Mgr I
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Asset ManagementBanking
H1B Sponsorship
Insider Connection @Bank of America
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
Supports department-wide strategies and portfolio trend analysis, forecasting, and risk/control performance
Leads innovation by identifying and championing large scale initiatives that improve the risk management, profitability, and control oversight of risks for the business unit
Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
Coaches employees on best practices for structuring complex problems, performing analysis, and communicating the results and implications of their work
Maintains strategic relationships with peers and counterparts across product, technology, and business control functions
Team Leadership and Collaboration: Lead a team of fraud analysts and investigators, providing guidance and expertise on complex fraud cases. Work closely with compliance, legal, risk management, and other relevant departments to align fraud management efforts with organizational goals. Conduct training sessions and workshops to educate staff on fraud detection techniques and policies.
Identify process improvements and efficiencies via data analysis
Deliver accurate metrics related to fraud and claim activity. Validate the integrity and quality of data required for performing analysis
Partner with claims, policy, strategy, and product teams to deliver data insights and analysis that inform critical decisions and help achieve goals
Qualification
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Required
Advanced to expert level in SQL and SAS
Minimum 7 years of work experience in large financial institution with specialization in data analytics
Minimum 3 years of fraud experience in digital products (Zelle, Wires, ACH, Billpay)
Expertise in fraud detection and management platforms, specifically SAS Fraud Management and creation of user-defined variables for rule development
Ability to work in a fast-paced, dynamic environment is critical
Must have exceptional organizational, project management, and communications skills
Preferred
Familiarity with other programming languages such as Python, R, or Java. Knowledge of data extraction tools such as Hive or Hue
Proven track record of building and deploying analytical solutions that have resulted in material financial results
Ability to work independently as well as effectively work in teams with individuals with a variety of skills and backgrounds
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.)
Proven strong analytical and communication skills
Generate detailed reports and dashboards in Tableau
Usage of Big Data technologies such as Hadoop, Spark, or similar
Knowledge of regulation like Reg E, EWS mandates, and Scam liability
Working knowledge of change management tools (JIRA) and documentation. Strong understanding of database management systems and data warehousing. Working knowledge of using WinSCP/Putty and UNIX
Experience in working with tools like SAS E-miner and use machine learning models to identify patterns and anomalies in transaction data indicative of fraudulent activity
Usage of Big Data technologies such as Hadoop, Spark, or similar
Bachelors degree preferably in a quantitative discipline such as mathematics, statistics, operations research, engineering, computer science, finance, or business
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
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
Trends of Total Sponsorships
2023 (422)
2022 (766)
2021 (728)
2020 (930)
Funding
Current Stage
Public CompanyTotal Funding
$1.2BKey Investors
Berkshire Hathaway
2020-07-28Post Ipo Equity· $400M
2020-07-23Post Ipo Equity· $800M
2018-12-17Post Ipo Equity· Undisclosed
Leadership Team
Recent News
2024-05-14
2024-04-30
Company data provided by crunchbase