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Consumer Product Strategic Analyst IV - Fraud Senior Model Governance

Charlotte, North Carolina;

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 Prevention and Detection is looking for an experienced model validation professional to join our team and help us combat financial crime.

Responsibilities: Fraud Senior Model Governance Analyst

  • 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
  • Developing advanced technical documentation for an array of internally- and vendor-developed models ranging from regression to sophisticated techniques including XGB and neural networks
  • Working closely with developers to understand how the model works and provide effective challenge to not only push back on methodology but also ensure results are accurate
  • Partnering with technology and model users to schedule deployments and planning ahead for future model installations
  • Working with independent model risk management, legal and compliance teams to ensure models are fully validated and approved for usage
  • Producing analytics to ensure early model results look consistent with expectations
  • Conducting regular model monitoring and sharing performance results and analytical insights with model stakeholders and users
  • Supporting Bank policy for Artificial Intelligence models and ensuring any risks of using advanced techniques are identified and mitigated
  • Tracking model changes after deployment and ensure appropriate documentation reflects any adjustments, patches or updates
  • Driving model performance analytics above and beyond Model Risk Management policy requirements, including granular performance monitoring, early trend detection, root cause analysis, and gap analysis

    Required Skills:

    • A minimum of 4 years of experience in model validation or development

    • Must be proficient with SQL and SAS

    • Excellent technical writing skills

    • Critical problem solving abilities including selection of data and deployment of solutions

    • Proven ability to manage projects, exercise thought leadership and work with limited direction on complex problems to achieve project goals while also working as part of a broader team

    • Excellent communication and influencing skills

    • Thrives in fast-paced and highly dynamic environment

    • Intellectual curiosity and strong urge to figure out the “whys” of a problem and come up with creative solutions

    Desired Skills:

    - Quantitative degree /undergraduate or Advanced Quantitative degree (Masters or PhD) are preferred, other applicants with relevant certifications and experience will be considered

    -  7+ years of experience working in model validation.  Experience in financial services (following SR-11-7 guidance - Model Risk Management is very desirable)

    - Proficiency with Python and Tableau


    • 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


    1st shift (United States of America)

    Hours Per Week: 


    Learn more about this role

    Full time


    Manages People: No

    Travel: Yes, 10% of the time

    New York pay and benefits information

    New York pay range:

    $98,000 - $152,700 annualized salary, offers to be determined based on experience, education and skill set.

    Discretionary incentive eligible

    This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.


    This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.