Financial Crimes Sr. Product Owner / Sr. Business Analyst

Bank of America•Charlotte, NC

2d•Onsite

About The Position

The selected candidate will act as a Financial Crimes Senior Product Owner/Senior Business Analyst and subject matter expert for data matters related to Financial Crimes Compliance solutions. The role partners across Global Financial Crimes (GFC), technology teams, and enterprise data stakeholders to support data governance, regulatory compliance, data quality, and remediation activities. The position supports financial-crimes policies and standards, monitors regulatory changes, helps direct and challenge implementation plans, and escalates compliance and operational risks through appropriate governance channels. It is accountable for managing data-domain metadata and for identifying, aggregating, reporting, and escalating financial-crimes-related data issues and control enhancements. Working across the enterprise, the role facilitates the provisioning of data that meets quality needs, supports regulatory and audit examinations, performs quality assurance activities, and drives timely remediation of data incidents with process owners and upstream and downstream stakeholders.

Requirements

At least 5 years of relevant experience in a line of business or technology involving customer and/or transactional payments or processing data.
Ability to support strategic direction for data capture, transport, use, and transmission.
Demonstrated leadership and ability to partner with managers, employees, data scientists, programmers, and technology experts.
At least 5 years of experience working with SQL and/or SAS, Alteryx, Excel, and Tableau or similar analytical reporting tools.
Strong written and verbal communication skills and ability to work with all organizational levels.
Strong data analysis and data presentation skills, including PowerPoint proficiency.
Excellent time-management, problem-solving, and critical-thinking capabilities.
Ability to engage and leverage teams and business partners to deliver business solutions efficiently.
Ability to interpret business requirements into data-quality coverage.
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 those products.
Knowledge and experience of the Company’s data policies and standards, and a basic understanding of data architecture.

Responsibilities

Partner with GFC Data team members, technology teams, and data stakeholders on Global Financial Crimes data activities.
Support the development and maintenance of financial-crimes-owned policies and standards, and review relevant Front Line Unit/Control Function-owned policies and standards for regulatory and operational-risk coverage.
Monitor regulatory changes applicable to Global Financial Crimes; advise business leaders and direct appropriate areas to implement or amend policies, standards, procedures, or processes, challenging implementation plans as needed.
Support escalation of financial-crimes compliance and operational risks and issues to appropriate governance routines and management or board-level committees.
Identify, aggregate, report, and escalate remediation and thematic analysis of FLU/CF-owned data issues and financial-crimes-related control enhancements.
Manage Data Domain metadata and related activities to ensure accuracy, completeness, and timeliness.
Partner across the enterprise with data-related Process Owners, operations and technology teams, and data users to facilitate efficient provisioning of data that meets data-quality needs.
Support regulatory and audit examinations and requests related to data management.
Participate in and execute, as appropriate, quality assurance activities supporting the Enterprise Data Management Policy and associated standards.
Drive consistent identification and timely remediation of data-related incidents through the Data Incident Management Process, partnering with Process Owners and other stakeholders, including downstream data users and upstream data providers; escalate potential systemic issues or concerns to EDSGO.
Identify, own, and escalate data issues and oversee remediation as needed.
Oversee execution of complex data assessments supporting compliance initiatives and resolution of data issues or incidents across GFC, and document related gaps and risks.