Bank Of America Cons Prod Strategy Mgr 

United States, Arizona, Phoenix 

612087753

This job is responsible for leading a group of employees who perform strategic analysis to understand portfolio risk, increase profitability, and optimize operational performance. Key responsibilities include determining strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching and developing employees, and partnering across technology, product, and risk leadership to drive performance.

A successful candidate will work with managers and a group of analysts that are responsible for performing strategic analysis to improve portfolio risk, profitability, performance forecasting and operational performance for consumer products. This position requires a rigorous analytical focus on monitoring for shifts in fraud activity, transactional dynamics and effectively communicating trends and opportunities for improvement. Key functions involve developing transaction monitoring, identifying business trends based on economic and portfolio conditions, and executing/monitoring strategic enhancements.

Specifically this role is

• Responsible for oversight of the application fraud money movement, trend identification and development of segmentation to responsibly manage fraud risk.

• Ensures effective governance and cadence on progress reviews, communication, stakeholder updates

• Enhances clarity for the wider team and work streams on backward / forward linkages across business processes

• Safeguards risk mitigation and sufficiency of controls to protect key business outcomes

• Guarantees seamless hand off to operations team for new processes

• Role integrates knowledge of end-to-end business process into program planning and decisioning processes

Responsibilities:

• 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
• Supports department-wide strategies and 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
• Maintains strategic relationships with peers and counterparts across product, technology, and business control functions

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.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

- Strong technical ability with SAS and SQL

- Strong strategic thinking skills with a track record of being able to break complex problems down and develop a clear strategy / action plan.

- Experience conducting portfolio analysis and segmentation development.

- Strong technical acumen to understand data and process flows, especially as it relates to direct decision engine management.

- Ability to work across functional lines and organizational levels to drive results.

- Strong written, visual and verbal communications skills. Role is expected to communicate, influence and negotiate both vertically and horizontally to manage risk.

-Experience in Tableau

-Strong proficiency with Microsoft Excel, PowerPoint, etc.

-Prior experience in retail banking or transactional analysis and strategy

-5+ years Strategy Management experience preferred

Skills:

• Analytical Thinking
• Data and Trend Analysis
• Fraud Management
• Prioritization
• Talent Development
• Business Analytics
• Critical Thinking
• Data Visualization
• Decision Making
• Presentation Skills
• Collaboration
• Conflict Management
• Innovative Thinking
• Issue Management
• Oral Communications

Minimum Education Requirement: Bachelor’s degree or equivalent work experience

1st shift (United States of America)