Sanctions Risk Specialist - Financial Crimes & Compliance

Bank of America; Tampa (FL); On-site; USD 90,000 - 150,000; Full time

Job summary

Bank of America is seeking a Sanctions Risk Specialist to join Global Economic Sanctions (GES) within Global Financial Crimes. You will identify, aggregate, report, and escalate sanction-related risks and support advisory, issues management, and testing from a sanctions perspective.

The role provides end-to-end oversight of sanctions tools, data inventory, and testing, collaborating with FLU/CF teams, technology, and governance to address regulatory requirements and strengthen controls.

Qualifications

• Minimum 5 years of relevant experience in financial services industry, risk management, financial crimes, testing, or related field.
• Bachelor’s degree or equivalent experience.

Responsibilities

• Provide oversight of sanctions compliance tools used in transactions and customer screening, including tool performance monitoring
• Support governance around onboarding of new screening lists, screening list rules and list applicability across sanctions screening technology
• Collaborate on data mapping, lineage tracing, and integrity checks across sanctions screening systems
• Participate in governance around changes to sanctions compliance tools, including documentation updates, requirement gathering, and system enhancement discussions
• Monitor, test, and report on tool performance metrics and key controls
• Coordinate with compliance, technology, and operations teams to support regulatory and audit requests with sanctions screening technology
• Supports the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions‑owned policies and standards to ensure regulatory requirements and operational risks are appropriately addressed
• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements
• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments
• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF‑owned issues and control enhancements related to financial crimes
• Assists in the review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Skills

Critical Thinking

Monitoring

Regulatory Compliance

Risk Management

Issue Management

Policies, Procedures

Written Communications

Coaching

Reporting

Talent Development

Education

Bachelor’s degree or equivalent experience

Job description

Bank of America is seeking a Sanctions Risk Specialist to join Global Economic Sanctions (GES) within Global Financial Crimes. You will identify, aggregate, report, and escalate sanction-related risks and support advisory, issues management, and testing from a sanctions perspective.

The role provides end-to-end oversight of sanctions tools, data inventory, and testing, collaborating with FLU/CF teams, technology, and governance to address regulatory requirements and strengthen controls.