Job Description:
About Us
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.
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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!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview
Analytics Research and Modelling (ARM) team supports multiple businesses of the Bank providing solutions based on cutting edge technology and analysis leveraging machine learning, artificial intelligence and NLP, statistical analysis, data mining and business visualization intelligence. The division comprising of highly qualified associates operates from three locations i.e. Mumbai, Gurgaon & Hyderabad.Job DescriptionBuilding out Strategies, Analytics & Process Integration team in India driving improved fraud detection & loss reductionResponsibilities• Development of new fraud strategies using analytical techniques including decision trees, random forests and other quantitative methods
Job Description
Building out Strategies, Analytics & Process Integration team in India driving improved fraud detection & loss reduction
Responsibilities
• Development of new fraud strategies using analytical techniques including decision trees, random forests and other quantitative methods
• Identifying new sources of data (internal or vendor-provided) that can enrich our existing fraud detection processes, be added to our decision systems, and allow for new detection strategies to be developed
• Collaborate with multiple stakeholders across US partners, risk, operations & technology
• Optimization of existing detection strategies to determine areas where rules can be adjusted to decline fewer false positives and improve the ROI and overall performance of our fraud strategies
• Review incoming trends and defects and make recommendations to change existing fraud rules
• Candidate need to work on any of the given products - Credit Card / Debit Card / Deposit / Check /Reporting / ATO/New Accts/Digital
Requirements
Education
• Bachelor's degree is desired, preferably in a quantitative discipline such as mathematics, statistics, engineering, computer science, finance or business.
• Post graduate degree/Advanced degree, preferably in Statistics/Mathematics, Computer Sciences, Engineering from a premier institute is a plus
Certifications If Any
• Technical certifications in SAS, SQL preferred
Experience Range
• 5-8 years (post-qualification)
Foundational skills
• Must have intermediate to advanced knowledge of SAS and SQL
• Must have at least 5 to 8 years of relevant experience in analytics
• Candidate must have a proven track record of building and deploying analytical solutions that have resulted in material financial results
• Ability to work in a fast-paced, dynamic environment is critical
• Must have exceptional organizational, project management and communications skills
Desired skills
• Strong preference working in financial services, particularly fraud or cyber security
• Understanding of business domains like Fraud/Compliance/Risk
• Familiarity with other programming languages such as Python, R or Java will be preferred
• Knowledge of data extraction tools such as Hive or HUE will be preferred.
Work Timings
• 11:30 am to 8:30 pm/12:30 pm to 9:30 pm
Job Location*
Mumbai