Digital Fraud Strategies Analyst III

4 weeks ago


Belfast, United Kingdom Bank of America Full time

About the Role:

This position will support Emerging Risk Fraud Strategies primarily in Digital products; Zelle/Wires/BillPay. The successful candidate will be responsible for creating fraud strategies and ensuring proper risk controls are deployed adhering to best practices. Key responsibilities include providing recommendations on mitigation efforts, ensuring monitors are in place, self-creating initiatives as needed, and conducting defect reviews of 3rd party fraud loss cases to identify any gaps in Fraud strategy and/or procedural adjustments. Additionally, the team member will be responsible for strategy performance tracking and rule optimization on a recurring basis. The role also includes project management, where the candidate will be responsible for providing fraud requirements, testing, and development of strategies. The projects include network mandates, Product team support, and internal projects. Required skills include SAS/SQL technical skills, with good working experience with Tableau and Python being a plus.

Key Responsibilities:

  • Develop and implement fraud strategies to mitigate risk and ensure compliance with best practices.
  • Provide recommendations on mitigation efforts and ensure monitors are in place to detect and prevent fraud.
  • Conduct defect reviews of 3rd party fraud loss cases to identify gaps in Fraud strategy and/or procedural adjustments.
  • Track and optimize strategy performance on a recurring basis.
  • Manage projects related to fraud requirements, testing, and development of strategies.

Requirements:

  • 3+ years of fraud experience and/or 2+ years of analytical experience (Payment card /Retail Bank background preferred)
  • Proficient in SAS/SQL and Excel
  • Strong quantitative, critical thinking, and analytical skills
  • Ability to communicate and interact with a high degree of professionalism with executive level personnel across the business
  • Ability to work independently as well as part of a virtual team
  • Innovative mindset with the ability to challenge the status quo
  • Ability to proactively identify, analyze, and improve upon existing processes for optimization and to meet deadlines

Desired Qualifications:

  • Bachelors degree in a quantitative discipline such as mathematics, statistics, operations research, finance, or business
  • 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.)
  • Proven strong analytical and communication skills

Skills:

  • Business Analytics
  • Business Intelligence
  • Data Quality Management
  • Fraud Management
  • Monitoring, Surveillance, and Testing
  • Collaboration
  • Data Visualization
  • Oral Communications
  • Problem Solving
  • Written Communications
  • Analytical Thinking
  • Critical Thinking
  • Data and Trend Analysis
  • Innovative Thinking
  • Research

Work Schedule:

1st shift (United States of America)

Hours Per Week:

40



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