Cons Prod Strategy Mgr I
Company: Disability Solutions
Location: Phoenix
Posted on: October 25, 2024
Job Description:
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
leading a group of employees who perform strategic analysis to
understand portfolio risk, increase profitability, and optimize
operational performance. Key responsibilities include determining
strategic priorities for the team, identifying trends, and leading
efforts to maximize risk versus return for the business unit. Job
expectations include using data and analytics to solve complex
problems, coaching and developing employees, and partnering across
technology, product, and risk leadership to drive
performance.Manages a group of analysts that are responsible for
performing strategic analysis to improve portfolio risk,
profitability, performance forecasting and operational performance
for consumer products and related divisions, such as credit cards.
This position requires determining key priorities for their team
while also providing analytical and technical guidance to analysts
to drive project completion. Key functions involve developing asset
quality monitoring, identifying business trends based on economic
and portfolio conditions, and executing strategic enhancements.
Manages the team's analysis focusing on criteria margins, model
score use, forecasting, portfolio trends, and demographic
performance. Responsible for conducting interviews, training Card
Strategy/ Consumer Products Analysts, and guiding all aspects of
project development. Communicates business trends creates financial
assessments and interprets analytics for senior management. Proven
experience at developing technical skills of their team. Sound
knowledge of SAS / SQL, financial statements, and business
processes preferred. 5+ years Strategy Management experience
preferred.Are you a strategic thinker? Love to bring structure and
organize things? Ready for the chance to drive real change in an
organization? We are searching for a motivated person to help drive
that transformation in our client onboarding and digital/card
transaction areas.The Emerging Fraud Risk Strategies team is keenly
focused on product innovation and responsible growth. This is a
highly visible role that will focus on identifying trends and
strategy opportunities related to fraudulent applications,
subsequent transactional patterns and operational treatment
efficiencies.A successful candidate will work with managers and a
group of analysts that are responsible for performing strategic
analysis to improve portfolio risk, profitability, performance
forecasting and operational performance for consumer products. This
position requires a rigorous analytical focus on monitoring for
shifts in fraud activity, transactional dynamics and effectively
communicating trends and opportunities for improvement. Key
functions involve developing transaction monitoring, identifying
business trends based on economic and portfolio conditions, and
executing/monitoring strategic enhancements. This role requires
strong written, visual and verbal communications skills. Role is
expected to communicate, influence and negotiate both vertically
and horizontally to manage risk.Responsibilities:
- 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
- Supports department-wide strategies and portfolio trend
analysis, forecasting, and risk/control performance
- Leads innovation by identifying and championing large scale
initiatives that improve the risk management, profitability, and
control oversight of risks for the business unit
- Identifies business trends based on economic and portfolio
conditions and communicates findings to senior management
- Coaches employees on best practices for structuring complex
problems, performing analysis, and communicating the results and
implications of their work
- Maintains strategic relationships with peers and counterparts
across product, technology, and business control functions
- Responsible for oversight of the application fraud money
movement, trend identification and development of segmentation to
responsibly manage fraud risk.
- Ensures effective governance and cadence on progress reviews,
communication, stakeholder updates as well as enhances clarity for
the wider team and work streams on backward / forward linkages
across business processes
- Safeguards risk mitigation and sufficiency of controls to
protect key business outcomes and guarantees seamless hand off to
operations team for new processes
- Role integrates knowledge of end-to-end business process into
program planning and decisioning processesManagerial
Responsibilities:This position may also have responsibilities for
managing associates. At Bank of America, all managers at this level
demonstrate the following responsibilities, in addition to those
specific to the role, listed above.
- Diversity & Inclusion Champion: Models an inclusive environment
for employees and clients, aligned to company D&I goals.
- Manager of Process & Data: Demonstrates deep process knowledge,
operational excellence and innovation through a focus on
simplicity, data based decision making and continuous
improvement.
- Enterprise Advocate & Communicator: Communicates enterprise
decisions, purpose, and results, and connects to team strategy,
priorities and contributions.
- Risk Manager: Ensures proper risk discipline, controls and
culture are in place to identify, escalate and debate issues.
- People Manager & Coach: Provides inspection, coaching and
feedback to motivate, differentiate and improve performance.
- Financial Steward: Actively manages expenses and budgets in
alignment with objectives, making sound financial decisions.
- Enterprise Talent Leader: Assesses talent and builds bench
strength for roles across the organization.
- Driver of Business Outcomes: Delivers results by effectively
prioritizing, inspecting and appropriately delegating team
work.Required Qualifications:- Strong technical ability with SAS
and SQL- Strong strategic thinking skills with a track record of
being able to break complex problems down and develop a clear
strategy / action plan.- Experience conducting portfolio analysis
and segmentation development.- Strong technical acumen to
understand data and process flows, especially as it relates to
direct decision engine management.- Ability to work across
functional lines and organizational levels to drive results.-
Exceptional communication and influence skills - Will be
responsible for working both "in the details" and also be able to
articulate the "executive-level" summary.Desired
Qualifications:-Experience in Tableau- Prior experience leading a
team of technical analysts-Strong proficiency with Microsoft Excel,
PowerPoint, etc.-Prior experience in retail banking or
transactional analysis and strategy-Prior experience leading fraud
or risk management strategy implementation teamsSkills:
- Analytical Thinking
- Data and Trend Analysis
- Fraud Management
- Prioritization
- Talent Development
- Business Analytics
- Critical Thinking
- Data Visualization
- Decision Making
- Presentation Skills
- Collaboration
- Conflict Management
- Innovative Thinking
- Issue Management
- Oral CommunicationsMinimum Education Requirement: Bachelor's
degree or equivalent work experienceShift:1st shift (United States
of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits
informationPay range$109,000.00 - $153,200.00 annualized salary,
offers to be determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Goodyear , Cons Prod Strategy Mgr I, Other , Phoenix, Arizona
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