Cons Prod Strat Analyst III

Bank of America

  • Newark, NJ
  • Permanent
  • Full-time
  • 1 day ago
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.Responsibilities:Recommends ways to help the business achieve desired outcomes and make informed business decisions using data analysis outputsPerforms 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 performanceLeads coordination of the production of product performance reports and updates for senior managementSkills:Business AnalyticsBusiness IntelligenceData Quality ManagementFraud ManagementMonitoring, Surveillance, and TestingCollaborationData VisualizationOral CommunicationsProblem SolvingWritten CommunicationsAnalytical ThinkingCritical ThinkingData and Trend AnalysisInnovative ThinkingResearchLOB Specific DescriptionThis position requires being the subject matter expert on multiple business-related and technical-related topics and an ability to independently drive strategic improvements. One of the primary responsibilities of a strategy validation analyst is the design of Quality Assurance reporting used to test the effectiveness of new initiatives prior to them being promoted to production within our Strategy Decision Engine. The Validation Analyst is responsible for the development of reporting using SAS Enterprise Guide based on business requirements provided by change owner and test plan/scripts created within the team. SAS Reports are leveraged to identify potential defects across new initiatives prior to implementation. Depending on the change, this can include modifying existing code that is very macro heavy or developing new codes.Strategy Validation Analysts are also responsible for the development of performance reporting to support our Decision Strategy Governance Process. Performance reporting provides on-going monitoring and tracking for 27 strategies across Credit Assistance. Analyst will work closely with partners to ensure key performance metrics are still relevant and handle coding re-design and/or re-builds as needed.Analyst must be flexible and have experience working in a fast paced & high pressure environment as the role requires management of multiple projects at once.Responsibilities:Develop and maintain complex SAS queries to extract, transform and manipulate data from various sources including Teradata, ReportNet, Oracle, etc.Create clear and concise reports to communicate findings and actionable insights using SASLeverage advanced SAS coding expertise to conduct in-depth data analysis, interpret results and identify key trends and opportunitiesCollaborate with cross functional teams to understand business needs and create innovative analytical solutions that drive strategic decision-making.Required Qualifications4+ years demonstrating strong proficiency in utilizing data mining/analytics/reporting through SAS Enterprise Guide/SQLExperienced with the bank’s data structure including Hadoop, SQL Server, Teradata, and OracleHighly motivated, proactive and a self-starter; strong sense of ownership & ability to create and execute plans without daily oversightDetailed orientedAnalytical skillsExcellent problem-solving skills with the ability to translate complex data into actionable insightsExceptional organizational, project management, and communication skills (verbal & written)Desired QualificationsProficiency in advanced SAS coding techniques, including data manipulation, macro programming, and statistical analysisBachelor's degree in Statistics, Mathematics, Computer Science, or a related fieldPrior banking or collections experience preferredQuality AssuranceShift: 1st shift (United States of America)Hours Per Week: 40

Bank of America