Sanctions & Compliance Operations Analyst

Bank of America; Richmond (VA); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America is seeking an analyst for sanctions screening within the Center of Excellence. The role analyzes day-to-day issues, researches problems, and provides resolution for compliance-related items across business units.

Responsibilities include reviewing OFAC transactions, reporting, and supporting new product/operational changes while maintaining data integrity and collaborating with cross-functional teams.

Qualifications

• Minimum of 1 year of experience in financial services, operations, compliance, sanctions, or a related risk management environment.
• Experience in a highly regulated, production-driven environment with a focus on compliance, accuracy, and risk mitigation.
• Ability to navigate multiple systems while maintaining data integrity.
• Analytical and detail oriented; able to make accurate and timely decisions.

Responsibilities

• Investigate OFAC alerts for domestic and international bank businesses or services functions.
• Review and process OFAC transactions to meet compliance requirements.
• Perform item processing under moderate supervision with checks and balances.
• Provide quality service and support for internal partners and external customers/clients.
• Create basic reporting and assist with coordination of product/service implementations.
• Support design, documentation, implementation, and monitoring of new products and services.
• Offer guidance on procedural, technical, and operational changes.
• Expand product knowledge within the operations environment.
• Build networks by developing relationships with partners and teammates.
• Inspect data to identify issues and trends; interpret to validate processes.

Skills

Attention to Detail

Customer and Client Focus

Monitoring, Surveillance, and Testing

Process Performance Management

Research

Analytical

Written Communications

Data Management

Policies, Procedures, and Guidelines

Process Design

Process Effectiveness

Strategic Thinking

Education

College degree or equivalent work experience

Job description

Bank of America is seeking an analyst for sanctions screening within the Center of Excellence. The role analyzes day-to-day issues, researches problems, and provides resolution for compliance-related items across business units.

Responsibilities include reviewing OFAC transactions, reporting, and supporting new product/operational changes while maintaining data integrity and collaborating with cross-functional teams.