Cons Prod Strategic Analyst IV - Fraud Data Science Modeling
Fort Worth
Full Time Mid-level / Intermediate USD 99K - 157K
Bank of America
What would you like the power to do? At Bank of America, our purpose is to help make financial lives better through the power of every connection.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:
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.
Fraud Prevention and Detection is looking for an energetic and inquisitive senior data scientist to join our team and help us combat financial crime using graph databases. In this role, you will be expected to work on large and complex data science projects. Collaborating with internal strategy, technology, product, and policy partners to deploy advanced analytical solutions with the goal of reducing fraud losses, lowering false positive impacts, improving client experience, and ensuring the Bank minimizes its total cost of fraud.
Responsibilities:
Some tasks that this role may be responsible for include (but are not limited to):
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
Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights
Link Analysis/Graph analytics to find and mitigate densely connected fraud networks
Developing and tuning graph algorithms to maximize detection of fraud
Assist with the generation, prioritization, and investigation of fraud rings
Required Qualifications:
A minimum of 4 years of experience in data and analytics is required
Must be proficient with SQL and one of SAS, Python ,or Java
Critical problem-solving skills including selection of data and deployment of solutions
Proven ability to manage projects, exercise thought leadership and work with limited direction on complex problems to achieve project goals while also leading a broader team
Excellent communication and influencing skills
Thrives in fast-paced and highly dynamic environment
Intellectual curiosity and strong urge to figure out the “whys” of a problem and come up with creative solutions
Expertise handling data across its lifecycle in a variety of formats and storage technologies (e.g., structured, semi-structured, unstructured; graph; hadoop; kafka)
Expertise in data analytics and technical development lifecycles including having coached junior staff
Desired Qualifications:
Advanced Quantitative degree (Masters or PhD)
7+ years of experience; work in financial services is very helpful, with preference to fraud, credit, cybersecurity, or other heavily quantitative areas
Understanding of advanced machine learning methodologies including neural networks, ensemble learning like XGB, and other techniques
Proficient with H2O or similar advanced analytical tools
Skills:
Analytical Thinking
Business Analytics
Data and Trend Analysis
Fraud Management
Problem Solving
Collaboration
Innovative Thinking
Monitoring, Surveillance, and Testing
Presentation Skills
Risk Management
Data Visualization
Interpret Relevant Laws, Rules, and Regulations
Issue Management
Oral Communications
Written Communications
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$99,700.00 - $157,800.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.Tags: Business Analytics Data Analytics Data visualization Hadoop Java Kafka Machine Learning PhD Python SAS SQL Testing
Perks/benefits: Career development Competitive pay Transparency
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