Senior Data Analyst Sanctions Filter Support

Richmond, VA - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

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 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.

Line of Business Description:

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 Americas customers and transactions to ensure compliance with Bank of Americas Economic Sanctions Program. SSCoE serves BAMLs 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.

Responsibilities:

Primary responsibility is to create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency and effectives of the CoEs 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

Required Qualifications:

Bachelors degree in Computer Science Data Management Statistics or related fields or equivalent work experience
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

Desired Qualifications:

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

Shift:

1st shift (United States of America)

Hours Per Week:

Required Experience:

Senior IC

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...