Fraud Model Risk Manager (Chennai)

Fraud Model Risk Manager (Chennai)

13 Aug
|
Bank of America
|
Chennai

13 Aug

Bank of America

Chennai

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 team-oriented 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 tasksQualifications 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-solvingDesired 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 plusYou 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 tasksQualifications 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-solvingDesired 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 plusYou will be

📌 Fraud Model Risk Manager (Chennai)
🏢 Bank of America
📍 Chennai

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