Workforce Strategy Lead

5 days ago

Belfast, Maine, United States Bank of America Full time
Job Title: Workforce Strategy & Business Intelligence Analyst IV

Location: Multiple locations across the United States

Job Summary:

Bank of America is seeking a highly skilled Workforce Strategy & Business Intelligence Analyst IV to join our team. This role will be responsible for performing complex analysis to improve portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions.

Key Responsibilities:
  • Apply knowledge of multiple business and technical-related topics to drive strategic improvements, large-scale projects, and initiatives.
  • Work with business counterparts within the Line of Business and partner organizations, including Risk and Product teams.
  • Design and execute end-to-end Fraud financial reporting and capabilities roadmap with focus on Total cost of Fraud insights.
  • Develop compelling vision and data-driven business cases for transformation initiatives.
  • Coach and mentor peers to improve proficiency in various systems and serve as a subject matter expert on multiple business and technical-related topics.
  • Identify business trends based on economic and portfolio conditions and communicate findings to senior management.
  • Support execution of large-scale projects, such as platform conversions or new project integrations, by conducting advanced reporting and drawing analytics-based insights.
  • Responsible for developing, evaluating, and recommending new methods to improve forecasting accuracy.
  • Ability to interpret financial results, extracting trends to provide valuable insights to the business and senior management.
  • Assist in providing ongoing financial support to the product and loss finance teams.
  • Identify and lead initiatives to continuously improve, automate, and scale forecasting processes and methodologies.
  • Partner/Collaborate with finance and key stakeholders on the communication of forecast drivers, impacts, loss performance, and reconciliation.
  • Prepare, distribute, and consolidate weekly, monthly, quarterly fraud loss packages.
  • Identify and implement improvements with recurring monthly reporting and adhere to all deadlines.
Requirements:
  • Bachelor's degree in Finance, Accounting, Economics, or related discipline.
  • 5+ years of fraud experience and/or 5+ years of analytical/financial experience (Payment card/Retail Bank Finance background preferred).
  • Outstanding quantitative, critical thinking, and analytical skills.
  • Confidence with finance and accounting concepts.
  • Ability to work with and communicate effectively with others, demonstrate leadership, and possess strong interpersonal skills.
  • Ability to communicate and interact with a high degree of professionalism with executive-level personnel across the business.
  • Ability to present, lead, support, and influence senior management and business stakeholders.
  • Innovation mindset with the ability to challenge the status quo.
  • Leadership and management skills, including development of teams and individuals.
  • Ability to prioritize and handle multiple projects at the same time.
  • Ability to proactively identify, analyze, and improve upon existing processes for optimization and to meet deadlines.
Preferred Qualifications:
  • MBA or graduate-level work in finance, accounting, and/or business management is preferred.
  • 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.
  • Experience leading teams.
  • Strong financial knowledge and understanding of fraud loss drivers.
  • Strong knowledge of programming language (i.e., SAS or SQL) and experience with e-Ledger and Enterprise GL tools (EPM).
Skills:
  • Analytical Thinking
  • Business Analytics
  • Data and Trend Analysis
  • Fraud Management
  • Problem Solving
  • Collaboration
  • Innovative Thinking
  • Monitoring, Surveillance, and Testing
  • Presentation Skills
  • Risk Management
  • Data Visualization
  • Interpret Relevant Laws, Rules, and Regulations
  • Issue Management
  • Oral Communications
  • Written Communications
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: $99,157,800.00 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.

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