Senior Fraud Analytics & Innovation Lead

Bank of America; Phoenix (AZ); On-site; USD 100,000 - 134,000; Full time

Job summary

Bank of America is seeking a fraud analytics professional to minimize loss exposure and protect customer experiences. You will analyze data using Excel, SAS, SQL, Tableau, and relational databases to support strategy and policy changes within segmentation structures.

Responsibilities include deriving insights, investigating major fraud losses, and implementing mitigation controls in collaboration with stakeholders.

Qualifications

• 2+ years of fraud experience developing and/or optimizing mitigation strategies.
• 2+ years of SQL and/or SAS coding experience.
• Ability to identify opportunities for improvement and work autonomously with minimal direction.
• Ability to work in a fast-paced, dynamic environment.

Responsibilities

• Creation, implementation, and maintenance of rules and capabilities designed to detect account takeover and non-monetary fraud
• Deriving actionable insights from complex data
• Investigation and root cause analysis of major fraud losses and emerging trends
• Implementing incremental fraud mitigation controls in partnership with functional stakeholders
• Developing effective monitoring and oversight for cross-functional processes, inclusive of performance reporting and newly identified opportunities for collaboration across teams
• Working closely with internal and external partners to understand limitations and opportunities for improvement
• 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

Skills

Fraud Management

Data Visualization

Analytical Thinking

Problem Solving

Data and Trend Analysis

Collaboration

Written Communications

Oral Communications

Data Quality Management

Research

Data Analysis

Innovative Thinking

Education

B.A./B.S in Computer Science, Data Science, Statistics or related field

Advanced degree in Computer Science, Data Science, Statistics, or related field

Tools

SQL

SAS

Tableau

Excel

Hadoop Impala/Hive

Job description

Bank of America is seeking a fraud analytics professional to minimize loss exposure and protect customer experiences. You will analyze data using Excel, SAS, SQL, Tableau, and relational databases to support strategy and policy changes within segmentation structures.

Responsibilities include deriving insights, investigating major fraud losses, and implementing mitigation controls in collaboration with stakeholders.