Sanctions & Compliance Operations Analyst

Bank of America; Scranton (Lackawanna County); On-site; USD 60,000 - 90,000; Full time

Job summary

Bank of America is seeking a sanctions screening analyst to investigate OFAC alerts and support the Center of Excellence for economic sanctions monitoring within Global Payment Operations. The role focuses on compliance, data accuracy, and timely review of sanctions-related transactions in a production-driven environment.

You will work Tuesday–Saturday, collaborate with partners, and help implement new products and processes while expanding knowledge in sanctions and risk management.

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 strong focus on compliance, accuracy, and risk mitigation
• Ability to remain focused in a repetitive environment
• Ability to navigate through multiple systems while maintaining data integrity
• Analytical and detail oriented; ability to make accurate and timely decisions
• Good oral and written communications skills
• PC proficiency and excellent keyboarding/typing skills/data entry
• Ability to work independently, as well as, within a team
• Overtime as required
• Schedule is Tuesday - Saturday

Responsibilities

• Investigate Office of Foreign Assets Control (OFAC) alerts for both domestic and international consumer, commercial and wholesale bank businesses or services functions
• Reviewing and processing OFAC transactions to meet compliance requirements
• Performs item processing functions under moderate supervision within a process that has built-in checks and balances
• Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and/or external customers/clients
• Basic level reporting
• Assists with coordination of implementation for products, services, and operational solutions
• Supports the design, documentation, implementation, and monitoring of new products and services
• Provides guidance regarding procedural, technical, and operational changes
• Expands business products knowledge within operations environment
• Builds network by developing relationships with partners and teammates
• Inspects data to identify issues and trends
• Collects and interprets data to validate operational processes

Skills

Attention to Detail

Customer and Client Focus

Monitoring, Surveillance, and Testing

Process Performance Management

Research

Adaptability

Business Analytics

Critical Thinking

Reporting

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 a sanctions screening analyst to investigate OFAC alerts and support the Center of Excellence for economic sanctions monitoring within Global Payment Operations. The role focuses on compliance, data accuracy, and timely review of sanctions-related transactions in a production-driven environment.

You will work Tuesday–Saturday, collaborate with partners, and help implement new products and processes while expanding knowledge in sanctions and risk management.