Senior Data Analyst - Sanctions Filter Support

94-1687665 Bank of America, National Association; Florida; On-site; USD 72,000 - 113,000; Full time

Job summary

Bank of America Corporation is seeking a data-focused professional to support the Sanctions Screening Center of Excellence. You will define and monitor data controls, triage data incidents, and perform impact analysis on data updates to ensure compliance and data quality across global operations.

Responsibilities include creating/ updating business rules to minimize false-positive alerts, onboarding new applications, analyzing alerts daily, and collaborating with technology teams to improve data

Qualifications

• Bachelor’s degree in Computer Science, Data Management, Statistics or related fields or equivalent work experience.
• Intermediate knowledge in SQL and using tools like TOAD.
• Awareness of AI / Machine learning concepts and ability to implement such strategies.
• Experience in data analytics and interpretation of large volumes of data.
• Scripting experience with any language like Python, Java, VB.

Responsibilities

• Create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency and effectives of the CoE's alert review process.
• Manage the multiple on-going initiatives by attending calls from various projects, understand the Sanctions needs from the projects, Provide requirements to the projects and track the status of these projects.
• Analyze alerts on a daily basis to chalk out strategies to reduce the false-positives, using different pattern matching and trending techniques.
• Assist in on-boarding new applications / Clients into the Sanctions screening platform requiring detailed discussions with various lines of businesses in understanding the nature and type of data received from and assist in data mapping into standard formats acceptable for Sanctions screening.
• Ability to query & analyze the data required for ad hoc requirements on the fly and generate reports for the team to use.
• Work with technology teams for requirements / testing and implementing changes to improve / automate CoE processes.
• Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set.
• Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship.
• Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed.
• Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform.
• Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform.
• Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents.

Skills

SQL knowledge

Data analytics

Scripting (Python/Java/VB)

Analytical thinking

Education

Bachelor’s degree in Computer Science or related field

Tools

TOAD

Fircosoft

NetReveal

PowerBI

Tableau

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.

This job is responsible for ensuring operational data is fit for purpose, defining controls, and monitoring processes are in adherence to enterprise data management standards. Key responsibilities include triaging and remediating data incidents, performing data analysis, training new users, and performing impact analysis stemming from data updates. Job expectations include helping in defining access and ownership of data by domain, conducting quality control, and overseeing data maintenance.

Line of Business Description

About Sanctions Screening Center of Excellence: The Center of Excellence for economic sanctions monitoring is part of Global Payment Operations (GPO). GPO is the central hub for Bank of America in playing a monumental and mission critical role in establishing, servicing, supporting and monitoring two of the most widely used electronic payment processing vehicles - Wire and ACH - in the financial services arena worldwide. GPO is also accountable for the SSCoE (Sanctions Screening Center of Excellence) that reviews all of Bank of America’s customers and transactions to ensure compliance with Bank of America’s Economic Sanctions Program. SSCoE serves BAML's eight lines of business, delivering global, regional and local capabilities through secure, fast and reliable technology, and people with the knowledge and experience to deliver timely and accurate review of all sanctions alerts across all products of Bank of America. Team also has the responsibility to provide support to client facing teams and clients where needed to educate on compliance program, drive better quality of data defining the customer and their day-to-day banking transactions.

Responsibilities

• Primary responsibility is to create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency and effectives of the CoE's alert review process.
• Manage the multiple on-going initiatives by attending calls from various projects, understand the Sanctions needs from the projects, Provide requirements to the projects and track the status of these projects.
• Analyze alerts on a daily basis to chalk out strategies to reduce the false-positives, using different pattern matching and trending techniques.
• Assist in on-boarding new applications / Clients into the Sanctions screening platform requiring detailed discussions with various lines of businesses in understanding the nature and type of data received from and assist in data mapping into standard formats acceptable for Sanctions screening.
• Ability to query & analyze the data required for ad hoc requirements on the fly and generate reports for the team to use.
• Work with technology teams for requirements / testing and implementing changes to improve / automate CoE processes.
• Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set.
• Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship.
• Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed.
• Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform.
• Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform.
• Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents.

Required Qualifications

• Bachelor’s degree in Computer Science, Data Management, Statistics or related fields or equivalent work experience.
• Intermediate knowledge in SQL and using tools like TOAD.
• Awareness of AI / Machine learning concepts and ability to implement such strategies.
• Experience in data analytics and interpretation of large volumes of data.
• Scripting experience with any language like Python, Java, VB.

Desired Qualifications

• Expert knowledge in SQL and utilization of tools like TOAD.
• Data transformation / formatting experience and able to work with data in different formats.
• Knowledge of Economic Sanctions programs requirements.
• Experience in Global Banking & Markets business process.
• Experience in Sanctions screening applications like Fircosoft and/or NetReveal.
• Logical thinking capabilities with a technical mind-set.
• Advanced knowledge in using Microsoft Excel and MS Access.
• Knowledge of PowerBI /Tableau.
• Ability to prioritize, use own initiative, make quick decisions, be flexible and work independently.
• Ability to work remotely, with teams spread globally, under pressure, meet deadlines and navigate change.
• Ability to work and interact with people from a diverse range of backgrounds and opinions.

Skills

• Data Collection and Entry
• Data Management
• Data Modeling
• Issue Management
• Policies, Procedures, and Guidelines Management
• Analytical Thinking
• Collaboration
• Data Governance
• Data Quality Management
• Data and Trend Analysis
• Business Acumen
• Controls Management
• Production Support
• Regulatory Compliance
• Solution Design

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency Details

US - VA - Richmond - 8001 VILLA PARK DR - VILLA PARK OPS CENTER BLDG C (VA2100)

Pay and Benefits Information

Pay range $72,100.00 - $113,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Privacy Statement

Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice

Bank of America Values

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Partnering Locally

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Global Impact

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Opportunity and Inclusion

Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values

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Pay Transparency

https://careers.bankofamerica.com/en-us/pay-transparency