Data Analytics Production Strategy Analyst III - Payments
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
Responsible for performing more complex analysis for multiple products with the goal of maximizing profits and asset growth and minimizing risk and operating losses and/or other financial and marketing exposures. Develops complex strategies/rules to extract data and uses multiple databases to acquire statistical and financial data. Utilizes fraud detection to propose policy/procedural changes within segmentation structure to produce optimal results. Excels at risk/reward trade off. Build relationships with external agencies. 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.
Responsibilities:
- Develop fraud analysis to quickly source, analyze and deduce root cause consistently and accurately across the payment channels.
- Be able to effectively articulate and influence within the organization and relevant stakeholders on actions recommended, based on insights derived from advanced analytics.
- Support the company’s commitment to protect the integrity and confidentiality of systems and data.
- Work with Operations, LOBs, Technology, Risk and Compliance, Peer Fraud LOBs and other partners within the bank as well as external Vendors to implement changes to better detect, deter, and prevent fraud.
- Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
- Manage rule performance, detection rate, and false positive rates.
Required skills:
• Proven capabilities with SAS or SQL and Excel software
• Experience with Excel and other applications to support large data aggregation and management.
• Advanced data analytics in a big data environment within a risk & fraud function
• Experience in reporting and automation tools.
• Data and reporting experience and attention to detail.
• Ability to create trend reports and discuss anomalies with cross functional teams.
• Manage, structure, and consolidate large amounts of data (building in validation to ensure accuracy).
•Ability to collect, organize and disseminate significant amounts of information with attention to detail and accuracy.
• Strong analytical, logical reasoning and problem-solving skills required
Shift:
1st shift (United States of America)
**Hours Per Week: **
40