Consumer Product Strategic Analyst IV

Company: Bank of America
Location: Newark
Posted on: January 16, 2022

Job Description:

Job Description:Main Job Goal: - Create, interpret and manage credit strategies and analytics for Consumer Vehicle secured lending. - Key functions include:

• Recommend credit strategy enhancements to optimize risk reward tradeoff for secured vehicle lending within the approved risk appetite (Responsible Growth).
• Responsible for developing system requirements to support strategy changes, implementation (review and approve design, testing), develop and present training of Credit Strategy Changes for Consumer Products.
• Develop and manage approved changes through tech. process including Intake, UCRA, UAT support - may -get involved in testing results and use case development, may require procedure review and documentation. -
• Work closely with Credit Risk, Underwriting, Funding, Process Design, Business Controls -and Compliance partners to execute Credit Strategy Development and Management; and identify, address and resolve issues.
• Leverage quantitative tools and techniques to systemically assess loan originations for credit risk concerns, trends and risk direction in regards to established Strategy Metrics/limits and concisely report concerns to leadership in a timely manner through established governance routines.
• Knowledge of enterprise decision strategy and model governance processes. Required Skills:
  • 4+ Years in a Financial Business Setting, Risk Management or Risk/Marketing Analytics type functional role.
  • Ability to develop statistical or quantitative output using appropriate tools (ex SAS, SQL, Python/R, H2O, similar) for identifying and optimizing key business metrics of credit default or prepayment risk with a proven ability to mine large datasets, interpret results and communicate findings candidly and crisply to leadership.
  • A solid working knowledge of statistical and/or financial modeling/analyses and the proven ability to apply that knowledge to business data and strategies to independently draw empirically based conclusions.
  • Ability to independently manage and defend quantitative analytics with sound documentation of assumptions, limitations, conclusions and recommendations.
  • Strong influencing, negotiation, persuasion, time management, written and verbal communication skills.
  • Bachelor's degree in a quantitative discipline. Desired Skills:
    • 5+ years Credit Strategy Management experience preferred.
    • Master's degree in a quantitative discipline.
    • Strong written and verbal communication skills
    • Strong understanding of general financial concepts (ROE, ROA, RAS, RANIM, etc---) and working knowledge of Consumer or Small Business Lending
    • Proven history of good planning and process management skills, able to run several analytical projects independently at the same time, generate results and prioritize within given guidelines.Job Band:H4Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 --> Job Description:Main Job Goal: - Create, interpret and manage credit strategies and analytics for Consumer Vehicle secured lending. - Key functions include:
      • Recommend credit strategy enhancements to optimize risk reward tradeoff for secured vehicle lending within the approved risk appetite (Responsible Growth).
      • Responsible for developing system requirements to support strategy changes, implementation (review and approve design, testing), develop and present training of Credit Strategy Changes for Consumer Products.
      • Develop and manage approved changes through tech. process including Intake, UCRA, UAT support - may -get involved in testing results and use case development, may require procedure review and documentation. -
      • Work closely with Credit Risk, Underwriting, Funding, Process Design, Business Controls -and Compliance partners to execute Credit Strategy Development and Management; and identify, address and resolve issues.
      • Leverage quantitative tools and techniques to systemically assess loan originations for credit risk concerns, trends and risk direction in regards to established Strategy Metrics/limits and concisely report concerns to leadership in a timely manner through established governance routines.
      • Knowledge of enterprise decision strategy and model governance processes. Required Skills:
        • 4+ Years in a Financial Business Setting, Risk Management or Risk/Marketing Analytics type functional role.
        • Ability to develop statistical or quantitative output using appropriate tools (ex SAS, SQL, Python/R, H2O, similar) for identifying and optimizing key business metrics of credit default or prepayment risk with a proven ability to mine large datasets, interpret results and communicate findings candidly and crisply to leadership.
        • A solid working knowledge of statistical and/or financial modeling/analyses and the proven ability to apply that knowledge to business data and strategies to independently draw empirically based conclusions.
        • Ability to independently manage and defend quantitative analytics with sound documentation of assumptions, limitations, conclusions and recommendations.
        • Strong influencing, negotiation, persuasion, time management, written and verbal communication skills.
        • Bachelor's degree in a quantitative discipline. Desired Skills:
          • 5+ years Credit Strategy Management experience preferred.
          • Master's degree in a quantitative discipline.
          • Strong written and verbal communication skills
          • Strong understanding of general financial concepts (ROE, ROA, RAS, RANIM, etc---) and working knowledge of Consumer or Small Business Lending
          • Proven history of good planning and process management skills, able to run several analytical projects independently at the same time, generate results and prioritize within given guidelines.Job Band:H4Shift: -1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description: Main Job Goal: - Create, interpret and manage credit strategies and analytics for Consumer Vehicle secured lending. - Key functions include:
            • Recommend credit strategy enhancements to optimize risk reward tradeoff for secured vehicle lending within the approved risk appetite (Responsible Growth).
            • Responsible for developing system requirements to support strategy changes, implementation (review and approve design, testing), develop and present training of Credit Strategy Changes for Consumer Products.
            • Develop and manage approved changes through tech. process including Intake, UCRA, UAT support - may -get involved in testing results and use case development, may require procedure review and documentation. -
            • Work closely with Credit Risk, Underwriting, Funding, Process Design, Business Controls -and Compliance partners to execute Credit Strategy Development and Management; and identify, address and resolve issues.
            • Leverage quantitative tools and techniques to systemically assess loan originations for credit risk concerns, trends and risk direction in regards to established Strategy Metrics/limits and concisely report concerns to leadership in a timely manner through established governance routines.
            • Knowledge of enterprise decision strategy and model governance processes. Required Skills:
              • 4+ Years in a Financial Business Setting, Risk Management or Risk/Marketing Analytics type functional role.
              • Ability to develop statistical or quantitative output using appropriate tools (ex SAS, SQL, Python/R, H2O, similar) for identifying and optimizing key business metrics of credit default or prepayment risk with a proven ability to mine large datasets, interpret results and communicate findings candidly and crisply to leadership.
              • A solid working knowledge of statistical and/or financial modeling/analyses and the proven ability to apply that knowledge to business data and strategies to independently draw empirically based conclusions.
              • Ability to independently manage and defend quantitative analytics with sound documentation of assumptions, limitations, conclusions and recommendations.
              • Strong influencing, negotiation, persuasion, time management, written and verbal communication skills.
              • Bachelor's degree in a quantitative discipline. Desired Skills:
                • 5+ years Credit Strategy Management experience preferred.
                • Master's degree in a quantitative discipline.
                • Strong written and verbal communication skills
                • Strong understanding of general financial concepts (ROE, ROA, RAS, RANIM, etc---) and working knowledge of Consumer or Small Business Lending
                • Proven history of good planning and process management skills, able to run several analytical projects independently at the same time, generate results and prioritize within given guidelines. Shift:1st shift (United States of America) Hours Per Week: -40

Keywords: Bank of America, Newark , Consumer Product Strategic Analyst IV, Professions , Newark, Delaware