Cons Prod Strategic Analyst IV
Company: Disability Solutions
Location: Charlotte
Posted on: May 4, 2024
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Job Description:
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're 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.Bank of America believes 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.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. 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.Fraud Forecasting & Reporting AnalystThe Loss
Forecasting candidate will lead efforts to develop/build the 1st
and 3rd party fraud loss forecasts, provide loss performance
updates and commentary for loss packages, outline and communicate
the drivers of the forecasts, and partner with key stakeholders to
understand recent trends, initiatives, and issues that impact the
forecasts. Additional responsibilities include but are not limited
to:--- Provide short and long term loss forecasting in addition to
analysis on both historical and projected 1st and 3rd party fraud
loss performance--- Responsible for developing, evaluating, and
recommending new methods to improve forecasting accuracy--- Develop
fraud forecast models leveraging inputs and drivers to improve
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 deadlinesResponsibilities:
Keywords: Disability Solutions, Charlotte , Cons Prod Strategic Analyst IV, Professions , Charlotte, North Carolina
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