Consumer Product Strategy Analyst III - Fraud Model Governance Analyst

We are seeking a highly skilled and motivated individual to join our team as a Consumer Product Strategy Analyst III - Fraud Model Governance Analyst at Bank of America. In this role, you will be responsible for developing, implementing, and monitoring fraud prevention strategies for our consumer products. Your expertise in fraud analytics and governance will play a critical role in protecting our customers and the bank from fraudulent activities. If you have a passion for data analysis, problem-solving, and a strong understanding of fraud risk management, we encourage you to apply for this exciting opportunity. See below for the required qualifications to be considered for this position. Come join our team and make a difference in the world of consumer banking.

1. Develop and implement fraud prevention strategies for consumer products at Bank of America.
2. Monitor and analyze fraud data to identify trends and patterns.
3. Collaborate with cross-functional teams to develop and execute effective fraud risk management strategies.
4. Utilize analytical tools and techniques to detect and prevent fraudulent activities.
5. Conduct regular reviews and assessments of fraud models and strategies to ensure effectiveness and compliance with industry standards.
6. Stay updated on emerging fraud trends and incorporate them into existing strategies.
7. Communicate fraud risks and mitigation strategies to key stakeholders and senior management.
8. Maintain strong understanding of fraud regulations and compliance requirements.
9. Identify and recommend improvements to fraud prevention processes and procedures.
10. Provide guidance and support to junior analysts on fraud analytics and governance.
11. Participate in industry forums and conferences to stay informed about the latest fraud prevention techniques and technologies.
12. Collaborate with technology teams to implement fraud detection tools and systems.
13. Prepare and present reports on fraud activities and mitigation efforts to senior management.
14. Ensure timely and accurate reporting of fraud incidents to regulatory agencies.
15. Work closely with the fraud investigations team to identify and prevent potential fraudulent activities.
16. Identify and escalate potential fraud risks to senior management.
17. Develop and maintain strong relationships with internal and external stakeholders to support fraud prevention efforts.
18. Adhere to all bank policies, procedures, and regulatory requirements.
19. Continuously evaluate and improve fraud prevention strategies to adapt to changing fraud landscape.
20. Act as a subject matter expert on fraud analytics and governance for the organization.

According to JobzMall, the average salary range for a Consumer Product Strategy Analyst III - Fraud Model Governance Analyst is $100,000 - $130,000 per year. However, this can vary depending on experience, location, and company. Some companies may offer higher salaries or additional benefits such as bonuses or stock options. It is important to research the specific company and location to get a more accurate salary estimate.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.