Cons Prod Strategy Analyst IV - Consumer Card Credit Strategy bei Bank of America

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for performing more complex analysis aimed at improving portfolio risk, profitability, performance forecasting, and operational performance for consumer products and related divisions, such as credit cards. Key responsibilities include applying knowledge of multiple business and technical-related topics and independently driving strategic improvements, large-scale projects, and initiatives. Job expectations include working with business counterparts within the Line of Business and partner organizations including Risk and Product teams.

The Student and Credit Builder Account Management team is seeking an Analyst responsible for managing proactive batch strategies and reactive client requests for Consumer Card credit line increases and graduation. The primary focus is to create, augment, and monitor account management strategies within emerging Card products (Student and Credit Builder).  Key responsibilities include determining strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching and developing associates, and partnering across technology, product, finance, legal, compliance, and risk leadership to drive responsible growth.

Responsibilities:

• 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
• Coaches and mentors peers to improve proficiency in a variety of systems and serves as a subject matter expert on multiple business and technical-related topics
• Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
• Supports execution of large scale projects, such as platform conversions or new project integrations by conducting advanced reporting and drawing analytics based insights

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

• Proven analytical ability as demonstrated through 5+ years related work experience
• Expertise manipulating database software and analytical/reporting tools, such as Python, SAS, SQL, Tableau
• Strong working knowledge of the process and tools used for development, validation, implementation and documentation of scoring toolkits
• Passionate self-starter who is highly motivated to help the organization achieve its goals and thrives in fast-paced and highly dynamic environment
• Must be decisive, a team-player, client focused, creative, strategic, and be a thoughtful risk-taker
• Excellent verbal and written communication skills, particularly technical writing and organizational skills
• Ability to effectively document and defend model-related topics to a variety of key stakeholders, including senior leadership
• A passion for learning and using data to derive trends, detect risks, and execute strategy projects
• Demonstrates a strong understanding of credit risk strategies, financial drivers, and credit operations with proven problem-solving skills
• Proficient in MS Office applications (Excel, PowerPoint, and Word)
• Effective project management and organizational skills; ability to collaborate, manage, and expand relationships across the organization and with all levels of management

Desired Qualifications:

• 4+ years experience using database software and analytical/reporting tools, such as SAS, SQL, DB2 to access large relational data
• Expertise in identifying, assessing and mitigating risk with models.  Familiarity with best demonstrated model risk management practices and proficiency in regulatory frameworks
• Prior experience with credit or fraud strategies and knowledge of policies for consumer and/or small business lending
• Analytic work experience in support of consumer or small business lending involving the use of scoring toolkits
• Prior experience in the Payments Industry
• Previous Credit experience and knowledge of Credit policies and procedures is desirable
• Previous experience in developing credit risk strategies or models preferred
• Analytic work experience in support of consumer or small business lending
• Bachelor’s degree in mathematics, statistics, computer science, engineering, economics, finance, or a related quantitative discipline
• Master’s degree in Mathematics/Statistics, Economics, Engineering or related field

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:

Hours Per Week: