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Senior Manager
Bank of America
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Work with vendors and internal modeling partners to develop approval documentation for new fraud scores and algorithms. This will include a comprehensive write-up on how the models are built, testing and validation work done, methodology, sampling, performance, etc
- Conduct periodic model validations on scores, looking for key metrics such as precision, recall, rank ordering of score performance, detection of PSI and other metrics as needed to ensure models are performing we'll and not deteriorating, which could lead to unexpected fraud losses
- Partner with our Strategies teams to communicate model performance and trends, including providing key insights into areas where scores are deteriorating or underperforming, so appropriate adjustments can be made to prevent unexpected losses
- Work with our partners in Model Risk Management (MRM) to close out any follow-up items on partially/conditionally approved models
- Form strategic partnerships with MRM to develop best practices for fraud model governance that satisfy both the need for quick deployments to mitigate risks, but also our internal and regulatory concerns
- Develop dashboards and MIS to show model performance, trending, and potential issues
- Support automation initiatives within the team and try to automate repetitive tasks
- Advanced degree, preferably in Statistics/Mathematics, Computer Science, Engineering or other quantitative discipline from a premier institute
- Certifications If Any
- Technical certifications in SAS, SQL preferred
- Proficiency with visualization software such as Tableau and presentation software such as PowerPoint
- Excellent communication and organizational skills
- Ability to think outside the box and excellent drive/desire to dig in, learn and make a difference
- bachelors degree preferably in a quantitative discipline such as mathematics, statistics, engineering, computer science, finance, or business. Post graduate degree is a plus.
- U.S financial services experience preferable
- Understanding of business domains like Fraud/Compliance/Risk preferable
Employment Type: Full Time, Permanent
Functional Areas: Analytics & Business Intelligence
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Rating based on 45 Senior Manager
reviews
Anonymous · Banking Operations
in Hyderabad
You will get end-to-end knowledge of the process as there is no support from any supporting team. Employee need to investigate themselves without any support from any one.
Salary is very low, In-addition BOFA is biased. Women employee doesn't work and paid more them Male employee - very bad work culture.
Read 45 reviewsSenior Manager salary at Bank of America
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