Consumer Product Strategy Analyst III
Company: Disability Solutions
Location: Newark
Posted on: October 24, 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 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 data bases to
provide analytical support on strategies, ensure goals are met, and
propose policy and procedural changes within segmentation
structures to produce optimal results. Job expectations include
evaluating data to assess potential fraud risk and create
mitigation strategies.As the digital landscape evolves, so too do
the methods employed by criminals to perpetrate financial fraud.
Money mules, individuals who unknowingly or knowingly facilitate
illicit financial transactions, pose a significant threat to
financial institutions. This role requires a strategic thinker with
the ability to develop a deep understanding of money mule tactics
and the ability to create innovative solutions to detect and
prevent such activities.Responsibilities: - Strategy Development:
Develop and implement comprehensive strategies to identify,
prevent, and mitigate money mule activities. Stay abreast of
emerging trends and tactics employed by money mules to ensure the
effectiveness of detection strategies. - Data Analysis: Leverage
data analytics tools and techniques to analyze large datasets,
identify patterns, and uncover indicators of money mule activity.
Develop predictive models and scoring mechanisms to prioritize
potential cases. - Risk Assessment: Conduct risk assessments to
identify vulnerabilities in the organization's systems and
processes that may be exploited by money mules. Develop mitigation
strategies to address these risks. - Collaboration: Collaborate
with various departments, including compliance, fraud
investigations, and operations, to ensure effective coordination
and information sharing regarding money mule activities. -
Reporting: Prepare regular reports on money mule detection efforts,
including key performance indicators, trends, and recommendations
for improvement.Responsibilities:
Keywords: Disability Solutions, Newark , Consumer Product Strategy Analyst III, Professions , Newark, Delaware
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