Bank of America-posted 3 months ago
Full-time
Charlotte, NC
Credit Intermediation and Related Activities

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! 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.

  • Create/update business rules to minimize false-positive Sanctions alerts to improve efficiency and effectiveness of the CoE's alert review process.
  • Manage multiple ongoing initiatives by attending calls from various projects, understanding the Sanctions needs from the projects, providing requirements to the projects, and tracking the status of these projects.
  • Analyze alerts daily to develop strategies to reduce false-positives using different pattern matching and trending techniques.
  • Assist in onboarding new applications/clients into the Sanctions screening platform, requiring detailed discussions with various lines of businesses to understand the nature and type of data received and assist in data mapping into standard formats acceptable for Sanctions screening.
  • Query and analyze data for ad hoc requirements on the fly and generate reports for the team.
  • Work with technology teams for requirements/testing and implementing changes to improve/automate CoE processes.
  • Ensure data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls.
  • Develop and execute on Enterprise Data Management policies and standards, ensuring adherence and serving as a key point of contact for all topics related to data compliance.
  • Manage data-related incidents and identify, communicate, and resolve or escalate issues as needed.
  • Develop, manage, and execute on controls, ensuring tracking, monitoring, and resolution of any control breaches with the data platform.
  • Partner with Business and Technology functions to drive the development of business and functional requirements documents.
  • 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.
  • 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 mindset.
  • 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.
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