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Fraud Strategies Analyst

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Job Details
Job Order Number
Company Name
Bank of America
Physical Address

Newark, DE 19713
Job Description

Job Description:

The Client Protection (Fraud) organization at Bank of America is growing and looking for talented analysts to join our team! We are hiring smart, hungry, intellectually curious and hard-working candidates that will work on the following types of problems:

1.Building mathematically-derived algorithms to differentiate fraudulent transactions, applications, payments, system access and other activity from normal customer behavior.

2.Digging into cases where fraud losses were incurred to determine what happened and why.

3.You’ll need to be detail-oriented and able to dig through a lot of data to determine root causes and recommend appropriate countermeasures.

4.Deploying new fraud technology on our portfolio produced by vendors/data science partners (such as new scores), and ensuring that our fraud rules correctly use these new tools.

5.Creating reporting to clearly and concisely show where we are experiencing losses and determine if there is any organized attack pattern

To be successful in this role, you will need to be able to work in a fast-paced environment and enjoy solving complex problems. Fraud experience is preferred, but not required for this role. However, you must have a strong technical background, willingness to learn, and great work ethic.

Position may be filled as a Cons Prod Strategic Analyst II depending on experience level.

Required Skills:** "Must " have these skills to be minimally qualified.

+ A bachelor’s degree in a quantitative field such as mathematics, operations research, engineering, computer science, economics, statistics or business is important. We will, however, consider non-degree holders with numerous certifications in analytics and data science courses, and significant, relevant experience.

+ Proficiency in SAS and SQL are required.

+ You should have at least 3 years of work experience preferably in financial services. All experience must be in an analytical capacity, including strategy development, data science, or modeling/scoring.

+ You should have extremely strong communication and presentation skills and be able to explain your work to a variety of audiences, senior and junior, technical and non-technical. PowerPoint skills should be advanced.

+ You should thrive in a fast paced environment and have great organizational and project management skills.

Desired Skills:

+ Master’s degree in a quantitative field such as mathematics, operations research, engineering, computer science, economics, statistics or business is preferred.

+ Experience with Python, Hive, HUE and other next-generation tools is highly desired.

+ Experience in fraud, information/cyber security, marketing analytics, or risk.

+ Knowledge of Tableau is a plus.

Posting Date : 03/05/2019

Location :


Newark, DE, Deerfield I, 655 Paper Mill Rd,



- United States

Travel : Yes, 10% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

Assistance for Applicants with Disabilities

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at .

Diversity & Inclusion

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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