Operations Analyst - Sanctions Screening Center of Excellence
About The Position
The Operations Analyst supports the Sanctions Screening Center of Excellence (SSCoE), part of Bank of America’s Global Payment Operations. The SSCoE reviews the bank’s customers and transactions for compliance with its Economic Sanctions Program, serving multiple lines of business with global, regional, and local capabilities. The team reviews sanctions alerts across the bank’s products and may support client-facing teams and clients with compliance education and improving the quality of customer and transaction data. The role analyzes day-to-day issues, researches and resolves issues identified within a business unit, supports defined procedures and routine analytics, creates reports, and completes exception processing. The position operates under moderate supervision within processes that include built-in checks and balances. The role is based at the Villa Park Operations Center in Richmond, Virginia, with an in-office culture. It is a 40-hour-per-week, first-shift position scheduled Tuesday through Saturday, with overtime as required.
Requirements
- At least 1 year of experience in financial services, operations, compliance, sanctions, or a related risk-management environment.
- Experience working in a highly regulated, production-driven environment with a strong focus on compliance, accuracy, and risk mitigation.
- Ability to remain focused in a repetitive environment.
- Ability to navigate multiple systems while maintaining data integrity.
- Analytical and detail-oriented, with the ability to make accurate and timely decisions.
- Good oral and written communication skills.
- PC proficiency and excellent keyboarding, typing, and data-entry skills.
- Ability to work independently and as part of a team.
- Ability to work overtime as required.
- Ability to work the Tuesday-through-Saturday schedule.
Nice To Haves
- Previous Economic Sanctions, AML, wire transaction, and/or compliance experience.
- College degree or equivalent work experience.
- Brings new thoughts and ideas to teams to drive innovation and unique solutions.
- Works effectively among diverse viewpoints to determine the best path forward.
- Experience connecting with diverse clients to understand future business needs; continuous learner.
- Participates in and drives collaborative efforts to advance tools, technology, and ways of working to serve an evolving client base.
- Values diversity to reflect, connect with, and meet the diverse needs of clients and employees around the world.
Responsibilities
- Investigate Office of Foreign Assets Control (OFAC) alerts for domestic and international consumer, commercial, and wholesale bank businesses or service functions.
- Review and process OFAC transactions to meet compliance requirements.
- Perform item-processing functions under moderate supervision within a process with built-in checks and balances.
- Ensure quality service and effective, efficient operations support for internal business partners and/or external customers and clients.
- Prepare basic-level reports.
- Assist with coordinating implementation of products, services, and operational solutions.
- Support the design, documentation, implementation, and monitoring of new products and services.
- Provide guidance regarding procedural, technical, and operational changes.
- Expand knowledge of business products within the operations environment.
- Build relationships with partners and teammates.
- Inspect data to identify issues and trends.
- Collect and interpret data to validate operational processes.
Benefits
- Benefits eligibility
- Access to paid time off
- Resources and support for employees
- Affordable, competitive, and flexible benefits supporting physical, emotional, and financial wellness
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
