Screening AML Analyst – Life Cycle Management

Bank of America; Charlotte (NC); On-site; USD 70,000 - 100,000; Full time

Job summary

Bank of America is seeking an AML Compliance Analyst to conduct research and investigations across high-risk detection operations. The role involves analyzing regulatory compliance practices, identifying red flags, and proposing process improvements to mitigate risk.

You will interface with leaders across levels and may lead special projects with significant risk exposure. The ideal candidate has 1–3 years in AML/compliance, strong analytical skills, and the ability to work independently while

Qualifications

• Minimum 1 year of AML experienced.
• Strong background in Operations and/or Risk.
• Strong research & analytical skills with the ability make independent and reasonable conclusions.
• Can work independently and is open and adaptable to change.
• Candidates must possess and have proven verbal, written, and interpersonal communication skills.
• Basic Microsoft Office Skills required.
• Background in Client/Legal Entity Management, AML Operations, or Compliance
• Must have a strong and positive work ethic, and follows Bank of America's Core Values

Responsibilities

• Performs day-to-day activities aligned to the team's common goals, strategy, and metrics and works on improving capabilities through learning and development
• Identifies and analyzes problems related to product lines or functions and develops and implements process improvements to address and resolve issues
• Provides quality assurance review and testing on operating key controls
• Supports special projects that represent significant risk exposure and identifies and escalates risks accordingly with a sense of urgency
• Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and external clients
• Interprets and analyzes information gathered from numerous applications and third party sources and identifies issues that prompt further inquiry
• Knowledge acquired through increasingly responsible operations analysis work. Clearly recognized as a content expert by peers. Ability to communicate across and up the organization.
• Must be able to work independently and is not afraid to make a decision and act on it.
• Provides guidance to associates within own unit regarding procedural, technical and/or operational changes.

Skills

Adaptability

Analytical Thinking

Critical Thinking

Data Collection and Entry

Data Quality Management

Collaboration

Decision Making

Interpret Relevant Laws, Rules, andReg

Problem Solving

Research Analysis

Customer and Client Focus

Innovative Thinking

Oral Communications

Prioritization

Quality Assurance

Education

High School Diploma / GED / Secondary School or equivalent

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Conducts routine to complex research and investigations in high-risk detection operations to support compliance directed by internal bank policies and required adherence to regulatory and compliance requirements which can involve high $ penalties and fines for non-compliance. Executes against regulatory, BSA/anti-money laundering, and economic sanctions compliance practices relevant to the specialist’s specific area of responsibility with sufficient expertise and or experience to require some direction, but little day-to-day guidance from the analyst’s manager. May identify significant issues, control weaknesses, and make recommendations to line management to minimize exposure or loss. May interpret and analyze information gathered from numerous databases and third-party sources and identify ‘red flags’ that prompt further inquiry. Proactively recommend process improvements, formulate, and recommend action response to mitigate risk and resolve complex inquires and escalations. May provide quality assurance review and testing on operating key controls. Candidates will interface with analysts and leaders at all levels and from various areas. May participate in or lead special projects that represent significant risk exposure and/or are highly visible. Knowledge acquired through increasingly responsible operations analysis work. Clearly recognized as a content expert by peers. Ability to communicate across and up the organization. Must be able to work independently, makes decisions, and act on it. Provides guidance to associates within own unit regarding procedural, technical and/or operational changes. Individual typically has 3-5 years of experience in compliance operations with regulatory practices. 1-2 years of AML experience.

Responsibilities

• Performs day-to-day activities aligned to the team's common goals, strategy, and metrics and works on improving capabilities through learning and development
• Identifies and analyzes problems related to product lines or functions and develops and implements process improvements to address and resolve issues
• Provides quality assurance review and testing on operating key controls
• Supports special projects that represent significant risk exposure and identifies and escalates risks accordingly with a sense of urgency
• Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and external clients
• Interprets and analyzes information gathered from numerous applications and third party sources and identifies issues that prompt further inquiry
• Knowledge acquired through increasingly responsible operations analysis work. Clearly recognized as a content expert by peers. Ability to communicate across and up the organization.
• Must be able to work independently and is not afraid to make a decision and act on it.
• Provides guidance to associates within own unit regarding procedural, technical and/or operational changes.

Required Qualifications

• Minimum 1 year of AML experienced
• Strong background in Operations and/or Risk.
• Strong research & analytical skills with the ability make independent and reasonable conclusions.
• Can work independently and is open and adaptable to change.
• Candidates must possess and have proven verbal, written, and interpersonal communication skills.
• Basic Microsoft Office Skills required.
• Background in Client/Legal Entity Management, AML Operations, or Compliance
• Must have a strong and positive work ethic, and follows Bank of America's Core Values

Desired Qualifications

• Knowledge of bank systems, interact, image view.
• Prior experience working with BSA requirements, as well as an understanding of the US Patriot Act.
• Proven ability to multitask and meet multiple deadlines at one time.
• Proven successful communication skills (written, verbal and interpersonal).
• Strong and proven ability to work closely with customers and clients.
• Bachelor’s degree or equivalent preferred.
• ACAMS accreditation

Skills

• Adaptability
• Analytical Thinking
• Critical Thinking
• Data Collection and Entry
• Data Quality Management
• Collaboration
• Decision Making
• Interpret Relevant Laws, Rules, and Regulations
• Problem Solving
• Research Analysis
• Customer and Client Focus
• Innovative Thinking
• Oral Communications
• Prioritization
• Quality Assurance

Minimum Education Requirement

High School Diploma / GED / Secondary School or equivalent

Shift

1st shift (United States of America)

Hours Per Week

40