Screening AML Analyst – Life Cycle Management

Bank of America•Phoenix, AZ

1d•Onsite

About The Position

At Bank of America, the Screening AML Analyst – Life Cycle Management conducts routine to complex research and investigations in high-risk detection operations, supporting compliance with internal bank policies and regulatory requirements. The role applies regulatory, BSA/anti-money laundering, and economic sanctions practices in its area of responsibility, generally with some direction but little day-to-day guidance from the manager. The analyst may identify significant issues and control weaknesses, recommend actions to reduce exposure or loss, analyze information from databases and third-party sources to identify red flags, and recommend process improvements and responses to complex inquiries and escalations. The role may also conduct quality assurance review and testing of key controls and participate in or lead highly visible special projects involving significant risk exposure. The analyst works toward team goals, strategy, and metrics while improving capabilities through learning and development. The position supports effective operations and service for internal business partners and external clients, independently analyzes and resolves issues, escalates risks promptly, and provides procedural, technical, or operational guidance to associates within the unit. The role requires communication across organizational levels and recognition as a content expert among peers. Bank of America describes its culture as inclusive and supportive of teammates’ physical, emotional, and financial wellness, with benefits that are affordable, competitive, and flexible. The company is committed to an in-office culture that supports collaboration, engagement, and career development, with flexibility based on role responsibilities and business needs.

Requirements

At least 1 year of AML experience.
Strong background in Operations and/or Risk.
Strong research and analytical skills, including the ability to reach independent and reasonable conclusions.
Ability to work independently and adapt to change.
Proven verbal, written, and interpersonal communication skills.
Basic Microsoft Office skills.
Background in Client/Legal Entity Management, AML Operations, or Compliance.
Strong, positive work ethic and adherence to Bank of America’s Core Values.
High school diploma, GED, secondary school qualification, or equivalent.
The job description states that individuals typically have 3–5 years of experience in compliance operations with regulatory practices.

Nice To Haves

Knowledge of bank systems, Interact, and Image View.
Experience working with BSA requirements and understanding of the US Patriot Act.
Ability to multitask and meet multiple deadlines.
Strong communication skills, written, verbal, and interpersonal.
Ability to work closely with customers and clients.
Bachelor’s degree or equivalent.
ACAMS accreditation.

Responsibilities

Conduct routine to complex research and investigations in high-risk detection operations in support of internal policies and regulatory and compliance requirements.
Apply regulatory, BSA/anti-money laundering, and economic sanctions compliance practices relevant to the assigned area.
Analyze information from databases, applications, and third-party sources to identify red flags or other issues requiring further inquiry.
Identify significant issues and control weaknesses, and recommend actions to line management to minimize exposure or loss.
Recommend process improvements and action responses to mitigate risk and resolve complex inquiries and escalations.
Perform quality assurance review and testing on operating key controls.
Participate in or lead special projects involving significant risk exposure, and identify and escalate risks with urgency.
Perform day-to-day activities aligned with team goals, strategy, and metrics, and improve capabilities through learning and development.
Identify and analyze product-line or functional problems and develop and implement process improvements.
Provide quality service and efficient operations support for internal business partners and external clients.
Work independently, make decisions, and communicate across and up the organization.
Provide procedural, technical, or operational guidance to associates within the unit.