Remote Fraud & Data Strategy Analyst III

Bank of America; Richmond (VA); On-site; USD 75,500 - 120,900; Full time

Job summary

Bank of America is seeking a data analyst to perform complex analysis and modeling to minimize loss exposure and improve customer experience. The role leverages Excel, SAS, SQL, Tableau, and other relational databases to derive actionable insights.

You will develop business rules to reduce false-positive fraud alerts, analyze daily alerts for pattern trends, and collaborate with technology teams to automate processes while ensuring data accuracy and governance.

Qualifications

• Bachelor's degree in Computer Science, Data Management, Statistics or related field, or equivalent experience.
• 1+ years experience in SQL/SAS.
• Intermediate knowledge of SQL; experience with TOAD and SQL Server.
• Awareness of AI/Machine Learning concepts and ability to implement such strategies.
• Experience in data analytics and interpretation of large data sets.
• Scripting experience with Python, Java, VB, SAS.

Responsibilities

• Create/update rules to minimize false-positive fraud alerts and improve alert review efficiency and effectiveness.
• Manage multiple initiatives by attending calls, understanding needs, providing requirements, and tracking status.
• Analyze daily alerts to develop strategies using pattern matching and trends.
• Query and analyze data for ad hoc requirements, generating reports for the team.
• Collaborate with technology teams on requirements, testing, and implementing changes to automate processes.
• Ensure data accuracy, completeness, and fitness for analysis through testing and controls.
• Develop and execute Enterprise Data Management policies and standards; act as key contact for data compliance and manage operational elements of EDSGO.
• Manage data-related incidents, communicate resolution or escalation as needed.
• Develop, manage, and execute controls to track, monitor, and resolve data platform breaches.
• Partner with Business and Technology to drive development of requirements documents and resolve data incidents upstream.
• Recommend strategies to help the business achieve outcomes using data analysis outputs.
• Perform complex analysis of financial models, market data, portfolio trends to understand product performance and improve risk, profitability, forecasting, and operations.
• Lead coordination of production of product performance reports and updates for senior management.

Skills

Business Analytics

Business Intelligence

Data Quality Management

Fraud Management

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 Computer Science, Data Management, Statistics or related field

Tools

TOAD

SQL Server

SQL

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

Responsibilities:

• Primary responsibility is to create / update business rules to minimize the false-positive commercial Fraud alerts to improve efficiency and effectiveness of the CoE's alert review process.
• Manage the multiple on-going initiatives by attending calls from various projects, understand the commercial Fraud needs from the projects, Provide requirements to the projects and track the status of these projects.
• Analyze alerts on a daily basis to chalk out strategies using different pattern matching and trending techniques
• Ability to query & analyze the data required for ad hoc requirements on the fly and generate reports for the team to use.
• Work with technology teams for requirements / testing and implementing changes to improve / automate processes.
• Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set
• Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship
• Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed. Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform
• Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform
• Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents
• 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

Required Qualifications:

• Bachelor's degree in Computer Science, Data Management, Statistics or related fields or equivalent experience
• 1+ years experience in SQL/SAS
• Intermediate knowledge in SQL and using tools like TOAD, SQL Server
• Awareness of AI / Machine learning concepts and ability to implement such strategies
• Experience in data analytics and interpretation of large volumes of data
• Scripting experience with any language like Python, Java, VB, SAS

Desired Qualifications:

• Experience in financial fraud processes
• Data transformation / formatting experience and able to work with data in different formats
• Knowledge of Global Financial Crimes programs requirements
• Experience in Global Banking & Markets business process
• Logical thinking capabilities with a technical mind-set
• Advanced knowledge in using Microsoft Excel and MS Access
• Knowledge of PowerBI /Tableau
• Ability to prioritize, use own initiative, make quick decisions, be flexible and work independently
• Ability to work remotely, with teams spread globally, under pressure, meet deadlines and navigate change
• Ability to work and interact with people from a diverse range of backgrounds and opinions

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 - VA - Richmond - 8001 VILLA PARK DR - VILLA PARK OPS CENTER BLDG C (VA2100)

Pay and benefits information

Pay range

$75,500.00 - $120,900.00 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.