Fraud Analytics & Innovation Strategist

HITEC; Newark (DE); On-site; USD 100,000 - 134,000; Full time

Job summary

Bank of America is seeking a fraud analytics professional to minimize loss and protect customers. You will analyze financial, market, and portfolio data using Excel, SAS, SQL, Tableau, and other databases to support strategies and policy changes.

The role emphasizes evaluating data for fraud risk and delivering mitigation plans. You will develop complex models, coordinate performance reports for senior management, and collaborate across teams while contributing to machine learning initiatives

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 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.

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.

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

Education

Bachelor's degree in a quantitative discipline

Tools

SAS

SQL

Excel

Job description

Bank of America is seeking a fraud analytics professional to minimize loss and protect customers. You will analyze financial, market, and portfolio data using Excel, SAS, SQL, Tableau, and other databases to support strategies and policy changes.

The role emphasizes evaluating data for fraud risk and delivering mitigation plans. You will develop complex models, coordinate performance reports for senior management, and collaborate across teams while contributing to machine learning initiatives