Financial Crimes Sr. Product Owner/Sr. Business Analyst

Bank of America•New York, NY

3d•$100,000 - $159,500•Onsite

About The Position

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! This role is responsible for defining the vision and roadmap for a product or technology solution, defining and prioritizing deliverables in the product book of work, and articulating this to both business stakeholders and technology development teams. The Sr. Product Owner/Sr. Business Analyst is experienced in the role of a Product Owner, expert of the product, and have a deep understanding of the business and/or technology domain, while also having advance quantitative/analytic skills to influence the Financial Crimes program strategic transaction monitoring and data management direction. The selected candidate will act as a Financial Crimes Sr. Product Owner/Sr. Business Analyst and Subject Matter Expert (SME) for data related matters as it relates to Financial Crimes Compliance solutions.

Requirements

5+ Years of relevant work experience in Anti-Money Laundering, Fraud and/or Economic Sanctions, particularly in customer and transactional data
Ability to support strategic direction for data capture, transport, use and transmission
Demonstrated leadership to partner with managers, employees, data scientists, programmers and various technology experts
Must have 3+ years experience working with SQL and/or SAS.
Strong written and verbal communication skills and the ability to communicate and work with all levels within the organization
Strong data analysis and data presentation skills
Must possess excellent time-management, problem solving, and critical thinking capabilities
Identify, own escalate and oversee remediation of data issues as needed
Must be able to engage and leverage teams and business partners to efficiently deliver business solutions
Must be able to interpret business requirements into data sourcing needs
Ability to oversee execution of complex data assessments in support of compliance initiatives and resolution of data issues/incidents across GFC and document related gaps and risks.
Bachelor's Degree or equivalent experience

Nice To Haves

Knowledge of anti-money laundering (AML), Fraud and Economic Sanctions regulations
Certified Anti-Money Laundering Specialist (CAMS) certification;
Understanding of Banking products and Financial Crimes vulnerabilities applicable to these products
Knowledge and experience of the Company’s data policies and standards and basic understanding of data architecture
Risk Identification & Assessment
Issues Management & Resolution
Risk Governance & Reporting
Credible Challenge
Data Analysis, Interpretation & Decisioning
Data Risk Principles
Risk Monitoring & Testing
Financial Crimes Compliance Risk Principles
Process Management & Inventory
Knowledge of customer onboarding processes and systems (WCC, GWIM Hub, PRDS, Cesium, etc.)
Access and Identity Management
Production Support
Regulatory Compliance
Risk Management
Critical Thinking
Issue Management
Policies, Procedures, and Guidelines Management
Solution Design
Written Communications
Strong SQL Development Skills
Reporting
Strategy Planning and Development
Understanding of Bank of America customer and account data
Understanding of how to link financial transaction data to the executing account/customer

Responsibilities

Partnering with all members of the GFC Data team, technology teams and various data stakeholders on a wide range of GFC data related activities.
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 that regulatory requirements and operational risks are appropriately addressed.
Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed.
Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
Accountable for identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned data issues and control enhancements related to financial crimes.
Accountable for overseeing customer and account data used in AML and Sanctions processes, working with technology and product owners to define long-term data strategies and working to define controls to identify any gaps in data.
Working across the enterprise, partnering with data related Process Owners, operations and technology teams and data users to facilitate the efficient provisioning of data meeting data quality needs.
Supporting regulatory and audit examinations and requests related to data management.
Participating in and executing, as appropriate, QA activities supporting the Enterprise Data Managements Policy and associated Standards.
Driving consistent identification and timely remediation of data-related incidents, through the Data Incident Management Process, partnering with Process Owners and other key stakeholders across the enterprise including downstream data users and upstream data providers as applicable; escalate potential systemic issues or concerns to EDSGO.