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Job Description:
Job Description:
Client Protection is looking for an experienced analytical leader to manage the deposit fraud strategies team. In this role, you will be responsible for fraud prevention strategies to defend the bank against first party fraud. Responsibilities will include, working across multiple lines of business; partnering with product, technology, operations, vendors, and others; responsibility for the overall first party fraud loss line; and evaluating various internally developed and vendor provided machine learning tools to maximize client experience while managing fraud most effectively.
Responsibilities:
• Establishes department-wide strategies and oversees portfolio trend analysis, forecasting, and risk/control performance.
• Leads innovation by identifying and championing large scale initiatives that improve the risk management, profitability, and control oversight of risks for the business unit.
• Identifies business trends based on economic and portfolio conditions and communicates findings to senior management.
• Coaches employees on best practices for structuring complex problems, performing analysis, and communicating the results and implications of their work.
• Builds and maintains strategic relationships with peers and counterparts across product, technology, and business control functions.
• Develop and implement robust first party detection strategies to safeguard the organization against financial fraud.
• Lead a team of fraud analysts in the identification, investigation, and mitigation of fraud activity.
•Collaborate with cross-functional teams to integrate fraud detection measures into existing systems and processes.
• Stay abreast of industry trends, emerging threats, and technological advancements to continuously enhance fraud prevention methodologies.
•Analyze data and conduct investigations to identify patterns, trends, and anomalies indicative of potential fraud.
• Identifying new sources of data (internal or vendor-provided) that can enrich our existing detection processes, be added to our decision systems, and allow for new detection strategies to be developed. Will require close coordination with partners in Fraud Technology.
• Drive the development of new models designed to detect fraud activity.
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Required Skills:
• At least 8 year of experience in analysis.
• 5+ years of experience managing analytical fraud teams.
• 5+ years of experience in SAS or SQL querying.
• The candidate should be familiar with data querying techniques in SAS and SQL. Familiarity with other programming languages such as Python, R or Java. Knowledge of data extraction tools such as Hive or HUE will be useful.
• Ability to work in a fast-paced, dynamic environment is critical. Must have exceptional organizational, project management and controls environment skills.
• Outstanding critical thinking, and analytical skills.
• Proven communication skills in describing complex issues to inform strategic insights and decision.
• Ability to present, lead, support, and influence senior management and business stakeholders.
• Innovation mindset with the ability to challenge the status quo.
• Leadership and management skills, including development of teams and individuals.
Desired Skills:
• Fraud decision engine management experience highly preferred.
• Strong preference prior experience working in financial services, particularly fraud or cyber security.
Skills:
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