Junior AML Onboarding Analyst – Business Banking

Job Description:

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!

Job Description:
This job is responsible for providing moderately complex research reporting and analytical support for the delivery of end-to-end support for Global Markets sales trading and underwriting business for securities foreign exchange fixed income exchange traded derivatives and over-the-counter derivatives across multiple Lines of Business. Key responsibilities include carrying out duties under general supervision and assisting teammates while following established procedures.

Responsibilities:

• Maintains accuracy of client portfolio using internal and external comparison tools
• Performs research and conducts moderately complex analyses using established techniques including transactions that require special handling and exception handling
• Explores methods to enhance processes further reduce risks and boost client experience
• Partners with colleagues on the trade and sales support teams as well as external agents
• Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting
• Escalates potential risks and exposures to manager in a timely manner
• Assists with ad-hoc projects new processes or initiatives requiring coordination among subject matter experts representing multiple product areas or functions

Required Qualifications:

• Microsoft Excel experience

Desired Qualifications:

• Familiarity with the full Microsoft Office Suite including Word Outlook and Access
• Experience with data analysis including maintaining databases collecting data filtering and cleaning data identifying patterns interpreting data and presenting findings
• Associates Degree or higher with a major in business finance accounting economics or a related field
• Experience in the financial services industry

Skills:

• Attention to Detail
• Critical Thinking
• Data Collection and Entry
• Recording/Organizing Information
• Research
• Fraud Management
• Interpret Relevant Laws Rules and Regulations
• Problem Solving
• Quality Assurance
• Risk Management
• Adaptability
• Customer and Client Focus
• Prioritization
• Result Orientation
• Written Communications

Line of Business Job Description

Role Overview:

The Junior AML Onboarding Analyst supports the onboarding of new Business Banking clients by performing required AntiMoney Laundering (AML) and Know Your Customer (KYC) checks. The role ensures all customers meet regulatory and internal compliance standards before account opening or product activation. This is an entrylevel role ideal for candidates building experience in financial crime onboarding and business banking operations.

Key Responsibilities:

Customer Due Diligence (CDD)

• Collect and validate onboarding documentation for business clients (e.g. company registrations ownership structure financial statements).
• Perform CDD reviews for low and mediumrisk business clients under supervision.
• Assist with identifying and verifying beneficial ownership (UBOs) directors and authorised signatories.

AML & Compliance Screening

• Conduct screening against sanctions lists PEP lists and negative news databases using internal systems.
• Escalate potential matches to senior team members or the Financial Crime team for review.
• Apply internal AML/KYC standards and ensure documentation meets quality requirements.

Risk Assessment & Onboarding Support

• Support initial risk scoring of customer profiles and identify inconsistencies or missing information.
• Work with Relationship Managers Business Banking teams and Compliance to resolve documentation gaps.
• Maintain accurate uptodate records in onboarding and workflow systems.

Operational Excellence

• Ensure onboarding cases are completed within agreed SLAs and regulatory timelines.
• Follow standard operating procedures and contribute to continuous improvement initiatives.
• Assist with periodic reviews and housekeeping of customer files where required.

Skills & Experience Required:

Essential

• Strong attention to detail and ability to work with accuracy in a regulated environment.
• Good understanding of basic AML/KYC concepts and financial crime risks.
• Strong communication skills for interacting with frontline teams and clients where needed.
• Ability to manage multiple cases simultaneously in a fastpaced environment.
• Competent with Microsoft Office (Excel Outlook Word) and ability to learn onboarding systems.

Desirable

• Prior experience in banking operations AML onboarding or customer due diligence (internships or entry roles welcome).
• Familiarity with business banking clients (SMEs corporates partnerships sole traders).
• Exposure to sanctions PEP screening tools or workflow case management systems.

Qualifications:

• Degree or equivalent work experience preferred ideally in finance business law or a related field.
• AML/KYC certifications (e.g. ICA ACAMS) are a plus but not required for junior roles.

Key Attributes:

• Curious mindset with willingness to learn AML and regulatory frameworks.
• Teamoriented proactive and adaptable.
• High integrity confidentiality and commitment to compliance.

Shift:

Hours Per Week: