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Screening AML Analyst – High Risk Detection

Charlotte, North Carolina

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Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for providing moderately complex research, reporting, and analytical support for the delivery of end-to-end support for Global Markets sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives, and over-the-counter derivatives across multiple Lines of Business. Key responsibilities include carrying out duties under general supervision and assisting teammates while following established procedures.

Responsibilities:

+ Maintains accuracy of client portfolio using internal and external comparison tools

+ Performs research and conducts moderately complex analyses using established techniques, including transactions that require special handling and exception handling

+ Explores methods to enhance processes, further reduce risks, and boost client experience

+ Partners with colleagues on the trade and sales support teams, as well as external agents

+ Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting

+ Escalates potential risks and exposures to manager in a timely manner

+ Assists with ad-hoc projects, new processes, or initiatives requiring coordination among subject matter experts representing multiple product areas or functions

Required Qualifications:

+ Microsoft Excel experience

Desired Qualifications:

+ Familiarity with the full Microsoft Office Suite, including Word, Outlook and Access

+ Experience with data analysis, including maintaining databases, collecting data, filtering and cleaning data, identifying patterns, interpreting data and presenting findings

+ Associate’s Degree or higher with a major in business, finance, accounting, economics or a related field

+ Experience in the financial services industry​

Skills:

+ Attention to Detail

+ Critical Thinking

+ Data Collection and Entry

+ Recording/Organizing Information

+ Research

+ Fraud Management

+ Interpret Relevant Laws, Rules, and Regulations

+ Problem Solving

+ Quality Assurance

+ Risk Management

+ Adaptability

+ Customer and Client Focus

+ Prioritization

+ Result Orientation

+ Written Communications

Line of Business Job Description

The Global Banking & Global Markets Anti-Money Laundering organization is a central control function which governs, facilitates, and oversees the end-to-end AML program across all businesses and jurisdictions globally. The High-Risk Detection Team is part of AML Operations supporting Global Banking and Global Markets businesses which is designed to manage high risk through ongoing monitoring and due diligence.

Responsibilities:

Primary responsibilities include:

+ Review client and party screening for determination of adherence to Global Laws, Rules, and Regulations

+ Manage complex client types and collection of enhanced due diligence

+ Complete analysis and/or reviews of clients who fall under the purview of High-Risk Detection Team

+ Support Audit, Exam and/or Testing processes, ensure proper governance and protocol is followed; assist with preliminary research and response tracking

+ Provide solutions to help with implementation of process improvements or remediation plans to drive efficiencies and demonstrate control sustainability

+ Coordinate and partner across other support teams and stakeholders to ensure end-to-end process engagement and timely resolution of monitoring cases

+ Review client and party screening for determination of adherence to Global Laws, Rules, and Regulations

+ Manage complex client types and collection of enhanced due diligence

+ Complete analysis and/or reviews of clients who fall under the purview of High-Risk Detection Team

+ Support Audit, Exam and/or Testing processes, ensure proper governance and protocol is followed; assist with preliminary research and response tracking

+ Provide solutions to help with implementation of process improvements or remediation plans to drive efficiencies and demonstrate control sustainability

+ Coordinate and partner across other support teams and stakeholders to ensure end-to-end process engagement and timely resolution of monitoring cases

+ Proactive in risk identification and mitigation through activity monitoring processes proactive in risk identification and mitigation through activity monitoring processes

Requirements:

+ Experience interacting with AML/KYC, compliance, senior bankers and senior management

+ Bachelor’s degree in related field or equivalent experience

+ Detail oriented with ability to analyze and consolidate complex KYC and screening information. Understanding of evolving Laws, Rules and Regulations for AML is core and applying this to day-to-day-engagement with both operations and bankers is key to success

+ Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a fast-paced deadline driven environment

Other Qualifications:

+ Strong written and verbal communication skills

+ Proficient in Microsoft Office applications, including Excel, Word, and SharePoint

+ Working knowledge of Global Banking & Global Markets and applicable systems/tools

+ ACAMS accreditation

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 **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) "** 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.