Senior Fraud Model Governance Analyst

4 weeks ago

Charlotte, North Carolina, United States Bank of America Full time

**Job Description:**

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We are devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

We believe both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

This role is responsible for performing complex analysis and modeling to minimize loss exposure and negative impacts to the customer experience. Key responsibilities include utilizing a variety of systems such as Excel, SAS, SQL, Tableau, and other relational databases to provide analytical support on strategies, ensure goals are met, and propose policy and procedural changes within segmentation structures to produce optimal results.

**Responsibilities:**

• Recommends ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputs

• Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance

• Leads coordination of the production of product performance reports and updates for senior management

Fraud Prevention and Detection is looking for a model validation professional to join our team and help us combat financial crime.

In this role, you will be responsible for:

• Developing advanced technical documentation for internally- and vendor-developed models

• Working closely with developers to understand how the model works and provide effective challenge to not only push back on methodology but also ensure results are accurate

• Partnering with technology and model users to schedule deployments and planning ahead for future model installations

• Working with independent model risk management, legal and compliance teams to ensure models are fully validated and approved for usage

• Producing analytics to ensure early model results look consistent with expectations

• Conducting regular model monitoring and sharing performance results and analytical insights with model stakeholders and users

• Supporting Bank policy for Artificial Intelligence models and ensuring any risks of using advanced techniques are identified and mitigated

• Tracking model changes after deployment and ensure appropriate documentation reflects any adjustments, patches or updates

• Driving model performance analytics above and beyond Model Risk Management policy requirements, including granular performance monitoring, early trend detection, root cause analysis, and gap analysis

**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

**Required qualifications:**

A minimum of 3 years of experience in model validation or development is required

Must be proficient with SQL and SAS

Excellent technical writing skills

Critical problem solving abilities including selection of data and deployment of solutions

Excellent communication and influencing skills

Thrives in fast-paced and highly dynamic environment

Intellectual curiosity and strong urge to figure out the whys of a problem and come up with creative solutions

**Desired Qualifications:**

Advanced Quantitative degree (Masters or PhD)

5+ years of experience working in model validation. Experience in financial services (following SR-11-7 guidance is very desirable)

Proficiency with Python and Tableau

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

**Pay Transparency details**

US - NY - New York Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$79, $118,900.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws.

To view the EEO is the Law poster, CLICK HERE

To view the EEO is the Law Supplement, CLICK HERE

View the LA County Fair Chance Ordinance

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

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