Financial Crimes Sr. Product Owner / Sr. Business Analyst

Bank of America•Charlotte, NC

1d•Onsite

About The Position

At Bank of America, the selected candidate will serve as a Financial Crimes Sr. Product Owner/Sr. Business Analyst and subject matter expert for data-related matters supporting Financial Crimes Compliance solutions. The role partners with the GFC Data team, technology teams, and data stakeholders across the organization to support financial-crimes data management, regulatory compliance, data quality, and remediation activities. The position supports financial-crimes-owned policies and standards and reviews relevant Front Line Unit and Control Function policies and standards to ensure regulatory requirements and operational risks are addressed. It also monitors applicable regulatory changes, advises business leaders, supports implementation or amendment of policies and processes, and escalates compliance and operational risks through appropriate governance channels. The role manages Data Domain metadata and related activities to maintain accuracy, completeness, and timeliness; works with process owners, operations, technology teams, data users, and providers to enable effective data provisioning; supports regulatory and audit examinations; and participates in quality assurance activities. It also drives identification and remediation of data issues and incidents, including thematic analysis, control enhancements, documentation of gaps and risks, and escalation of potential systemic concerns.

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 partnering 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 identify, own, escalate, and oversee remediation of data issues as needed.
Ability to engage and leverage teams and business partners to efficiently deliver business solutions.
Ability to interpret business requirements into data quality coverage.
Ability to oversee complex data assessments supporting compliance initiatives and resolution of data issues or 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 those products.
Knowledge and experience with 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 a range of Global Financial Crimes data activities.
Support development and maintenance of financial-crimes-owned policies and standards, and review relevant Front Line Unit and Control Function policies and standards for regulatory and operational risk coverage.
Monitor regulatory changes applicable to Global Financial Crimes; advise business leaders and direct relevant teams to implement or amend policies, standards, procedures, and processes as needed.
Challenge regulatory implementation plans when appropriate.
Escalate financial-crimes compliance and operational risks and issues through 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 data provisioning that meets data quality needs.
Support regulatory and audit examinations and requests related to data management.
Participate in and execute 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 relevant upstream providers and downstream users.
Escalate potential systemic data issues or concerns to EDSGO.
Support strategic direction for data capture, transport, use, and transmission.
Identify, own, escalate, and oversee remediation of data issues as needed.
Translate business requirements into data quality coverage.
Oversee complex data assessments supporting compliance initiatives and resolution of data issues or incidents across GFC, and document related gaps and risks.