Merchant Services Data & Modeling Analyst

Bank of America

Newark, DE

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JOB DETAILS

SKILLS

Adobe Acrobat, Analysis Skills, Business Solutions, Business Strategy, Channel Strategies, Communication Skills, Compensation and Benefits, Computer Science, Credit Risk, Cross-Functional, Data Analysis, Data Modeling, Decision Support, Documentation, Documentation Plan, Economics, Finance, Management Strategy, Mathematics, Merchant Services, Model Validation, Performance Analysis, Performance Modeling, Python Programming/Scripting Language, Quantitative Analysis, Regulatory Compliance, Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, SQL (Structured Query Language), Safety/Work Safety, Small Business, Statistical Analysis System (SAS), Statistics, Substance Abuse, Tableau, Translation Services, Vendor/Supplier Planning

LOCATION

Newark, DE

POSTED

Today

Merchant Services Data & Modeling Analyst Charlotte, North Carolina;Buckeye, Arizona; Hudson, Ohio; Newark, Delaware

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Job Description:

This role sits within the

Merchant Services Credit & Transactional Risk organization

, on the

Strategies, Models & Enablement team

, and offers a unique opportunity to operate at the intersection of model risk governance, advanced analytics, and business strategy. The successful candidate will play a critical, highly visible role partnering with Global Risk Analytics (GRA), strategic vendor and Model Risk Management stakeholders as a key liaison and subject matter expert, providing business context, data insight, and analytical support to ensure effective and practical model governance. This role is ideal for a candidate who can work with a high degree of independence and thrives in ambiguous, evolving environments and enjoys influencing outcomes on both the technical and business fronts.

Primary Responsibilities

+ Serve as the primary liaison to Global Risk Analytics (GRA), translating Merchant Services business context, data nuances, and risk dynamics into actionable insights + Partner with GRA to ensure effective model oversight, including performance monitoring, lifecycle management, and adherence to policy and regulatory expectations + Proactively identify, assess, escalate, and help remediate model risks, ensuring alignment between governance standards and real-world business application + Influence and shape model governance practices within a frequently evolving oversight structure + Partner closely with a strategic vendor partner to deeply understand underlying data, performance dynamics and model or data changes; support and materials required to successfully obtain Model Risk Management (MRM) approval for next generation models + Provide strong analytical support to GRA, MRM and LOB partners, leveraging data to evaluate model behavior, identify emerging risk and support strategic decision-making + Develop and maintain custom reporting and monitoring frameworks to track model performance, input stability and outcomes + Drive and contribute to strategic enhancements, including model upgrades, version changes and evaluation of new tools and methodologies + Ensure models remain fit-for-purpose, well-documented and aligned to business objectives and governance standards

Required Qualifications

+ Bachelor’s degree in mathematics, statistics, computer science, engineering, economics, finance, or a related quantitative discipline + 5+ years of relevant experience in quantitative analysis, risk management, or model lifecycle activities + Strong analytical skillset with demonstrated ability to translate complex data into business insights + Proficiency in data and analytical tools such as Python, SAS, SQL, Tableau (or similar) + Working knowledge of model risk management frameworks, including model development, validation, monitoring, and documentation + Understanding of credit and/or fraud risk strategies and underlying business drivers + Proven ability to operate effectively in cross-functional environments, influencing stakeholders across technical and non-technical teams + Excellent communication skills, including the ability to articulate complex concepts clearly and persuasively to senior audiences

Desired Skills

+ Experience in model risk management, model development, or model validation + Prior exposure to consumer or small business credit and/or fraud strategies + Experience supporting payments or merchant acquiring portfolios + Master’s degree in a quantitative field (e.g., Statistics, Economics, Engineering) + Familiarity with scoring toolkits and model implementation frameworks

Shift:

1st shift (United States of America)

Hours Per Week:

40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your

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poster.

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

About the Company

Bank of America

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