Screening AML Analyst – Life Cycle Management

Bank of America•Charlotte, NC

2d•Onsite

About The Position

At Bank of America, the Screening AML Analyst supports compliance with internal policies and regulatory requirements in high-risk detection operations. The role conducts routine to complex research and investigations related to BSA/anti-money laundering and economic sanctions, analyzes information from applications, databases, and third-party sources, and identifies potential red flags and issues for further inquiry. The analyst works with some direction but little day-to-day guidance, makes independent decisions, and may recommend actions to reduce risk or resolve complex inquiries and escalations. The position may perform quality assurance reviews and testing of key controls, contribute to process improvements, and support special projects involving significant risk exposure. The analyst communicates with colleagues and leaders across organizational levels and provides procedural, technical, and operational guidance to associates within the unit. The role requires operations analysis experience and AML knowledge; the description notes typical experience of 3–5 years in compliance operations and 1–2 years in AML, while the required qualifications specify a minimum of one year of AML experience. Bank of America describes an in-office culture supporting collaboration, engagement, and career development, with flexibility depending on role responsibilities and business needs. The position is on first shift and is listed as 40 hours per week.

Requirements

At least one 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.
Minimum education: High school diploma, GED, secondary school, or equivalent.

Nice To Haves

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

Responsibilities

Perform day-to-day activities aligned with the team's goals, strategy, and metrics, and improve capabilities through learning and development.
Identify and analyze problems related to product lines or functions, and develop and implement process improvements.
Provide quality assurance review and testing on operating key controls.
Support special projects representing significant risk exposure and identify and escalate risks promptly.
Ensure quality service and effective, efficient operations support for internal business partners and external clients.
Interpret and analyze information from applications and third-party sources, identifying issues that require further inquiry.
Communicate across and up the organization and work independently, making decisions and acting on them.
Provide associates in the unit with guidance regarding procedural, technical, and operational changes.
Recommend process improvements and actions to mitigate risk and resolve complex inquiries and escalations.