Risk Analyst

6 days ago


Belfast, United Kingdom Bank of America Full time

About the Role:

This position is responsible for performing advanced analysis to improve portfolio risk, profitability, and performance forecasting for consumer products and related divisions. The successful candidate will apply knowledge of multiple business and technical-related topics to drive strategic improvements, large-scale projects, and initiatives.

Key Responsibilities:

  • Conduct complex analysis of financial models, market data, and portfolio trends to understand product performance and improve portfolio risk, profitability, and performance forecasting.
  • Develop and maintain advanced reporting and analytics to support large-scale projects and initiatives.
  • Provide short and long-term loss forecasting and analysis on historical and projected 1st and 3rd party fraud loss performance.
  • Identify business trends based on economic and portfolio conditions and communicate findings to senior management.
  • Collaborate with finance and key stakeholders to communicate forecast drivers, impacts, loss performance, and reconciliation.

Requirements:

  • Bachelor's degree in Finance, Accounting, Economics, or related discipline.
  • 5+ years of fraud experience and/or 5+ years of analytical/financial experience, preferably in payment card/retail bank finance.
  • Outstanding quantitative, critical thinking, and analytical skills.
  • Ability to work with and communicate effectively with others, demonstrate leadership, and possess strong interpersonal skills.

Preferred Qualifications:

  • MBA or graduate-level work in finance, accounting, and/or business management.
  • Advanced analytical and quantitative skills with demonstrated ability in using data and metrics to identify root causes.
  • Basic understanding of 1st and 3rd party fraud (claims to charge-off timing, chargeback recovery rights, etc.).

About Bank of America:

Bank of America is a leading financial institution committed to providing proactive strategic direction for Client Protection that enables insightful reporting/analytics, effective workforce management, and Financial forecasting with business narrative.


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