Senior Data Analyst - Sanctions Screening Center of Excellence

Bank of America Corporation•Richmond, VA

42d

About The Position

This job is responsible for ensuring operational data is fit for purpose, defining controls, and monitoring processes are in adherence to enterprise data management standards. Key responsibilities include triaging and remediating data incidents, performing data analysis, training new users, and performing impact analysis stemming from data updates. Job expectations include helping in defining access and ownership of data by domain, conducting quality control, and overseeing data maintenance. About Sanctions Screening Center of Excellence: The Center of Excellence for economic sanctions monitoring is part of Global Payment Operations (GPO). GPO is the central hub for Bank of America in playing a monumental and mission critical role in establishing, servicing, supporting and monitoring two of the most widely used electronic payment processing vehicles - Wire and ACH - in the financial services arena worldwide. GPO is also accountable for the SSCoE (Sanctions Screening Center of Excellence) that reviews all of Bank of America's customers and transactions to ensure compliance with Bank of America's Economic Sanctions Program. SSCoE serves BAML's eight lines of business, delivering global, regional and local capabilities through secure, fast and reliable technology, and people with the knowledge and experience to deliver timely and accurate review of all sanctions alerts across all products of Bank of America. Team also has the responsibility to provide support to client facing teams and clients where needed to educate on compliance program, drive better quality of data defining the customer and their day-to-day banking transactions.

Requirements

Bachelor's degree in Computer Science, Data Management, Statistics or related fields
Intermediate knowledge in SQL and using tools like TOAD
Awareness of AI / Machine learning concepts and ability to implement such strategies
Experience in data analytics and interpretation of large volumes of data
Scripting experience with any language like Python, Java, VB
Data Collection and Entry
Data Management
Data Modeling
Issue Management
Policies, Procedures, and Guidelines Management
Analytical Thinking
Collaboration
Data Governance
Data Quality Management
Data and Trend Analysis
Business Acumen
Controls Management
Production Support
Regulatory Compliance
Solution Design

Nice To Haves

Experience in Sanctions / AML processes
Data transformation / formatting experience and able to work with data in different formats
Knowledge of Economic Sanctions programs requirements
Experience in Global Banking & Markets business process
Experience in Sanctions screening applications like Fircosoft
Logical thinking capabilities with a technical mind-set
Advanced knowledge in using Microsoft Excel and MS Access
Knowledge in using Microsoft products Word, Outlook, Power-point and Visio
Knowledge of PowerBI /Tableau
Ability to prioritize, use own initiative, make quick decisions, be flexible and work independently
Ability to work remotely, with teams spread globally, under pressure, meet deadlines and navigate change
Ability to work and interact with people from a diverse range of backgrounds and opinions

Responsibilities

Primary responsibility is to create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency and effectives of the CoE's alert review process.
Manage the multiple on-going initiatives by attending calls from various projects, understand the Sanctions needs from the projects, Provide requirements to the projects and track the status of these projects.
Analyze alerts on a daily basis to chalk out strategies to reduce the false-positives, using different pattern matching and trending techniques
Assist in on-boarding new applications / Clients into the Sanctions screening platform requiring detailed discussions with various lines of businesses in understanding the nature and type of data received from and assist in data mapping into standard formats acceptable for Sanctions screening
Ability to query & analyze the data required for ad hoc requirements on the fly and generate reports for the team to use.
Work with technology teams for requirements / testing and implementing changes to improve / automate CoE processes.
Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set
Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship
Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed. Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform
Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform
Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents