Fraud Model Risk Manager

As a Manager at Bank of America, you will be part of a global team dedicated to making financial lives better through responsible growth and inclusive workplace practices. Bank of America values diversity and invests in its employees' well-being by providing competitive benefits to support their physical, emotional, and financial health. You will have the opportunity to learn, grow, and make a meaningful impact while working in a flexible and collaborative environment. In the role of Manager within the Consumer Client Protection organization, your key responsibilities will include: - Collaborating with vendors and internal teams to develop approval documentation for new fraud scores and algorithms, ensuring comprehensive documentation on model build, testing, validation, methodology, and performance - Conducting periodic model validations to assess key metrics such as precision, recall, and score performance, and identifying areas for improvement to prevent unexpected fraud losses - Communicating model performance and trends to Strategies teams, providing insights into areas of deterioration or underperformance for necessary adjustments - Partnering with Model Risk Management teams to address follow-up items on approved models and develop best practices for fraud model governance - Creating dashboards and MIS to demonstrate model performance, trending, and potential issues - Supporting automation initiatives within the team to streamline processes and tasks Qualifications required for this role include: - Advanced degree in Statistics/Mathematics, Computer Science, Engineering, or a related quantitative discipline, with technical certifications in SAS and SQL preferred - 6 to 9 years of analytics experience, including 2+ years in model risk management, with proficiency in SAS, SQL, and preferably Python/PySpark - Experience with data extraction tools like Hive, HUE, or Pig, as well as visualization software such as Tableau and presentation software like PowerPoint - Strong communication and organizational skills, along with a proactive approach to learning and problem-solving Desired skills for this role: - Bachelors degree in a quantitative discipline, with U.S financial services experience being preferable - Understanding of business domains like Fraud, Compliance, or Risk is an added advantage - Post-graduate degree is a plus You will be working in Mumbai, Gandhinagar, or Chennai with shift timings from 11:30 AM to 8:30 PM. This position is at a senior level, offering you the opportunity to contribute to Responsible Growth and innovation at Bank of America. As a Manager at Bank of America, you will be part of a global team dedicated to making financial lives better through responsible growth and inclusive workplace practices. Bank of America values diversity and invests in its employees' well-being by providing competitive benefits to support their physical, emotional, and financial health. You will have the opportunity to learn, grow, and make a meaningful impact while working in a flexible and collaborative environment. In the role of Manager within the Consumer Client Protection organization, your key responsibilities will include: - Collaborating with vendors and internal teams to develop approval documentation for new fraud scores and algorithms, ensuring comprehensive documentation on model build, testing, validation, methodology, and performance - Conducting periodic model validations to assess key metrics such as precision, recall, and score performance, and identifying areas for improvement to prevent unexpected fraud losses - Communicating model performance and trends to Strategies teams, providing insights into areas of deterioration or underperformance for necessary adjustments - Partnering with Model Risk Management teams to address follow-up items on approved models and develop best practices for fraud model governance - Creating dashboards and MIS to demonstrate model performance, trending, and potential issues - Supporting automation initiatives within the team to streamline processes and tasks Qualifications required for this role include: - Advanced degree in Statistics/Mathematics, Computer Science, Engineering, or a related quantitative discipline, with technical certifications in SAS and SQL preferred - 6 to 9 years of analytics experience, including 2+ years in model risk management, with proficiency in SAS, SQL, and preferably Python/PySpark - Experience with data extraction tools like Hive, HUE, or Pig, as well as visualization software such as Tableau and presentation software like PowerPoint - Strong communication and organizational skills, along with a proactive approach to learning and problem-solving Desired skills for this role: - Bachelors degree in a quantitative discipline, with U.S financial services experience being preferable - Understanding of business domains like Fraud, Compliance, or Risk is an added advantage - Post-graduate degree is a plus You will be