Bank of America Corporation

Transaction Risk Platform & Strategy Analyst-Consumer and Small Business Credit (Merchant)

Bank of America Corporation • $80K — $95K *
Newark, NJ 07104In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Demonstrated analytical mindset with strong attention to detail.
  • Proficiency with data tools like SQL, Python, SAS, or similar.
  • Experience in automation, scripting, and process optimization.
  • Interest in technology platforms and rules engines.
  • Ability to work independently in a dynamic environment.
  • Strong communication skills for cross-team collaboration.
  • Self-starter with ownership and curiosity.

Responsibilities

  • Perform User Acceptance Testing (UAT) for risk monitoring platforms.
  • Validate rule logic and data inputs for risk decisioning integrity.
  • Document and help resolve defects in system behavior.
  • Support technology teams in platform enhancements and releases.
  • Contribute to improving testing frameworks focusing on efficiency.
  • Implement opportunities for automation in testing and monitoring processes.
  • Collaborate on transaction risk rules and strategies execution.

Benefits

  • Opportunities for career advancement into analytical and strategy roles.
  • Professional growth through impactful project involvement.
  • Collaborative work environment with cross-functional teams.
Full Job Description
Job Description:

This job is responsible for supporting credit analysts and relationship managers in underwriting and servicing specialized credit products. Key responsibilities include expertise in product functionality and user experience as well as handling more complex inquiries, contributing to product improvement feedback loops, and training initiatives. Job expectations include coaching entry-level product specialists.

This role sits within the Merchant Services Credit & Transactional Risk organization, on the Strategies, Models & Enablement team, and offers an exciting opportunity to work at the intersection of platform execution, risk strategies and transaction monitoring technology.

The successful candidate will play a key role in safeguarding the integrity of Transaction Risk Monitoring platforms, ensuring that case management platforms and rules engines operate accurately, consistently and at-scale. This role is ideal for a highly motivated individual with a passion for technology, risk management and building automated processes.

The selected candidate will partner closely with technology, line-of-business, and strategy teams, supporting both integrated and independent release cycles through UAT and regression testing. This role offers meaningful opportunities to grow into more advanced analytical and strategy responsibilities based on demonstrated performance.

Primary Responsibilities
  • Perform User Acceptance Testing (UAT) and regression testing for Transaction Risk Monitoring platforms and rules engines to ensure accuracy, stability, and alignment with business requirements
  • Validate rule logic, data inputs, and system outputs to confirm end-to-end integrity of risk decisioning
  • Identify, document, and help resolve defects, inconsistencies, or gaps in system behavior
  • Partner closely with technology teams to support platform enhancements, releases, and ongoing system performance
  • Contribute to the continuous improvement of testing frameworks and processes, with a focus on scalability and efficiency
  • Identify and help implement opportunities to automate testing, monitoring, and control processes, reducing manual effort and improving consistency
  • Support the development of repeatable, scalable testing and validation frameworks
  • Contribute to broader process transformation initiatives, leveraging technology to improve speed, quality, and control
  • Support the implementation and execution of transaction risk rules and strategies, ensuring accurate deployment within monitoring platforms
  • Partner closely with risk strategy, analytics, and technology teams to ensure alignment between business intent and system execution
  • For high-performing candidates, contribute to strategy refinement and rule development over time


Required Qualifications
  • Demonstrated analytical mindset with strong attention to detail and problem-solving ability
  • Experience and proficiency working with data, systems, or testing environments
  • Experience and proficiency working with tools such as SQL, Python, SAS, or similar is highly desirable
  • Proven experience and demonstrated success in automation, scripting, and process optimization
  • Strong interest in technology platforms, rules engines, and system-driven decisioning
  • Ability to work independently in a fast-paced, dynamic environment with evolving priorities
  • Strong communication skills, with the ability to clearly document findings and collaborate across teams
  • Self-starter with a strong sense of ownership and curiosity


Desired Skills
  • Experience or exposure to UAT, regression testing, or system validation processes
  • Familiarity with risk management, fraud detection, or transaction monitoring concepts
  • Exposure to rules-based engines or decisioning platforms
  • Experience working in financial services, payments, or fintech environments
  • Bachelor's degree in a quantitative or technical field such as mathematics, statistics, computer science, engineering, economics, or finance (or equivalent practical experience)


Skills:
  • Attention to Detail
  • Collaboration
  • Collateral Management
  • Data Collection and Entry
  • Due Diligence
  • Data and Trend Analysis
  • Issue Management
  • Monitoring, Surveillance, and Testing
  • Problem Solving
  • Recording/Organizing Information
  • Active Listening
  • Adaptability
  • Audit Planning
  • Fraud Management


Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:
1st shift (United States of America)

Hours Per Week:
40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Finance & Insurance
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ
BAC
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Bank of America Corporation

More Finance & Insurance Jobs

Find similar Transaction Risk Platform & Strategy Analyst-Consumer and Small Business Credit (Merchant) jobs:

NationwideNewark, NJ