Senior Digital Fraud Strategist for Emerging Risk Initiatives
6 days ago
Job Description:
We are seeking a skilled Senior Digital Fraud Strategist to join our Emerging Risk team at Bank of America. This is a unique opportunity to leverage your expertise in fraud management and digital products to drive business growth and mitigate risk.
About the Role:
This senior-level position will focus on creating and implementing fraud strategies for emerging risk initiatives, primarily in digital channels such as Zelle/Wires/BillPay. As a key member of our team, you will work closely with cross-functional teams to develop and deploy effective risk controls, ensuring compliance with industry best practices.
Responsibilities:
- Develop and maintain comprehensive fraud strategies for digital products, including Zelle/Wires/BillPay
- Collaborate with product teams to identify and prioritize emerging risks, developing mitigation strategies to minimize losses
- Analyze complex data to provide actionable insights and recommendations for improving fraud detection and prevention capabilities
- Partner with claims, policy, strategy, and product teams to deliver data-driven insights that inform critical decisions
- Stay up-to-date with industry trends and emerging risks, adapting strategies to address evolving threats
- Communicate effectively with stakeholders at all levels, presenting findings and recommendations to senior management
Requirements:
- 3+ years of experience in fraud management or a related field, preferably in payment card/Retail Bank background
- Proficiency in SAS/SQL and Excel, with strong analytical and problem-solving skills
- Ability to work independently and collaboratively as part of a virtual team, with excellent communication and interpersonal skills
- Bachelor's degree in a quantitative discipline such as mathematics, statistics, operations research, finance, or business
Preferred Qualifications:
- 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, with experience in data visualization and presentation
Salary Estimate: $120,000 - $180,000 per year, based on location and experience
Benefits: Comprehensive benefits package, including medical, dental, vision, 401(k), and paid time off
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