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Bank of America Cons Prod Strat Analyst III - Fraud Detection in Charlotte, North Carolina

Job Description:

Responsible for performing more complex analysis for multiple products with the goal of maximizing profits and asset growth and minimizing risk and operating losses and/or other financial and marketing exposures. Develops complex strategies/rules to extract data and uses multiple databases to acquire statistical and financial data. Utilizes fraud detection to propose policy/procedural changes within segmentation structure to produce optimal results. Excels at risk/reward trade off. Build relationships with external agencies. Participates in the rollout of company-wide pilot programs developed as a result of programmed models. Duties primarily include the regular use of discretion, independent judgment, the ability to communicate with multiple levels of management and the utilization of core leadership behaviors.


-Execute analysis for identifying and consistently categorizing the root cause of fraud events observed or attempted in the payment systems.

  • Develop fraud analysis to quickly source, analyze and deduce root cause consistently and accurately across the payment channels.

-Be able to effectively articulate and influence within the organization and relevant stakeholders on actions recommended, based on insights derived from advanced analytics.

-Execution of policy and rules enhancement to identify exposed network credentials, social tokens and payment information; categorize the risk of the same and apply appropriate risk treatments to those data elements.

-Support the company’s commitment to protect the integrity and confidentiality of systems and data.

-Work with Operations, LOBs, Technology, Risk and Compliance, Cyber Security, Peer Fraud LOBs and other partners within the bank as well as external Vendors to implement changes to better detect, deter, recover and/or prevent fraud.

-Manage rule performance, detection rate, and false positive rates.

Required Skills:

  • 3-5+ years of SAS & SQL experience.

  • Experience with Excel and other applications to support large data aggregation and management.

  • Advanced data analytics in a big data environment within a risk & fraud function

  • Experience in reporting and automation tools.

  • Data and reporting experience and attention to detail.

  • Ability to create trend reports and discuss anomalies with cross functional teams.

  • Ability to present the data and communication skills.

  • Manage, structure, and consolidate large amounts of data (building in validation to ensure accuracy).

  • Ability to collect, organize and disseminate significant amounts of information with attention to detail and accuracy.

  • Effective multi-tasker, able to manage multiple files.

  • Strong analytical, logical reasoning and problem solving skills required

  • Proven capabilities with SAS, SQL or Excel software

Desired Skills:

  • Understanding of Malware, Phishing, Business email compromise and other fraud trends.

  • Working knowledge of fraud detection platforms including: Splunk, SAS, Rules based fraud detection and model based scoring.

Posting Date : 05/17/2019

Location :

Kennesaw, GA, 210 Townpark Dr NW (GA9080),



  • United States

Travel : Yes, 10% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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