Senior Analyst for Consumer Product Strategy

3 weeks ago


Belfast, Maine, United States Bank of America Full time
Job Overview:

At Bank of America, our mission is to enhance financial well-being through every connection we make. Responsible Growth is the cornerstone of our operations, ensuring we meet the needs of our clients, teammates, communities, and shareholders consistently.

We are committed to fostering a diverse and inclusive environment, recognizing that a variety of backgrounds and experiences enrich our workplace. Our investment in our teammates and their families is reflected in our competitive benefits, designed to support their physical, emotional, and financial health.

We believe in the power of collaboration while also providing flexibility tailored to the diverse roles within our organization.

Working with us at Bank of America offers a pathway to a fulfilling career, filled with opportunities for growth, learning, and making a meaningful impact.

Position Summary:
This role entails conducting sophisticated analyses aimed at enhancing portfolio risk management, profitability, performance forecasting, and operational efficiency within consumer products and associated divisions, such as credit cards. Key responsibilities include leveraging expertise across various business and technical domains to independently spearhead strategic enhancements, large-scale initiatives, and projects. The position requires collaboration with business partners across the Line of Business and associated teams, including Risk and Product departments.

Key Responsibilities:
  • Conduct in-depth analysis of financial models, market data, and portfolio trends to assess product performance and enhance portfolio risk, profitability, and operational efficiency.
  • Guide and mentor colleagues to elevate proficiency in diverse systems, serving as a subject matter expert across multiple business and technical areas.
  • Identify and communicate business trends influenced by economic and portfolio conditions to senior management.
  • Support the execution of large-scale projects, such as platform transitions or new project integrations, through advanced reporting and analytics-driven insights.
Qualifications:

• MBA or advanced studies in finance, accounting, or business management is preferred.

• Strong analytical and quantitative skills, with a proven ability to utilize data and metrics to uncover root causes.

• Fundamental understanding of 1st and 3rd party fraud dynamics (including claims to charge-off timing and chargeback recovery rights).

• Excellent analytical and communication capabilities.

• Experience in coaching and mentoring others.

• Comprehensive financial knowledge and insight into fraud loss drivers.

• Proficiency in programming languages (e.g., SAS or SQL) and familiarity with e-Ledger and Enterprise GL tools (EPM).

• Intermediate to advanced skills in Excel.

Preferred Qualifications:

• Over 5 years of experience in fraud analysis and/or analytical/financial roles (experience in Payment card/Retail Bank Finance is advantageous).

• Exceptional quantitative, critical thinking, and analytical abilities.

• Strong grasp of finance and accounting principles.

• Effective communication and interpersonal skills, with the ability to engage with executive-level personnel.

• Proven leadership capabilities, with experience in team development and management.

• Capacity to prioritize and manage multiple projects simultaneously.

• Proactive in identifying, analyzing, and enhancing existing processes for optimization.

Essential Skills:
  • Analytical Thinking
  • Business Analytics
  • Data and Trend Analysis
  • Fraud Management
  • Problem Solving
  • Collaboration
  • Innovative Thinking
  • Monitoring and Testing
  • Presentation Skills
  • Risk Management
  • Data Visualization
  • Regulatory Compliance
  • Issue Management
  • Effective Communication
Education Requirement: Bachelor's degree or equivalent professional experience.

Work Schedule:
1st shift (United States of America)

Weekly Hours:
40

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