About this opportunity
Bank of America lists this Senior Data Analyst - Sanctions Filter Support opportunity in richmond, Virginia. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Job Opportunity at Bank of AmericaAt 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job DescriptionThis 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 DescriptionAbout 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.ResponsibilitiesPrimary 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 techniquesAssist 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 screeningAbility 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 setDevelops 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) relationshipManages 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 informDevelops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platformPartners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidentsRequired QualificationsBachelor's degree in Computer Science, Data Management, Statistics or related fields or equivalent work experienceIntermediate knowledge in SQL and using tools like TOADAwareness of AI / Machine learning concepts and ability to implement such strategiesExperience in data analytics and interpretation of large volumes of dataScripting experience with any language like Python, Java, VBDesired QualificationsExpert knowledge in SQL and utilization of tools like TOADData transformation / formatting experience and able to work with data in different formatsKnowledge of Economic Sanctions programs requirementsExperience in Global Banking & Markets business processExperience in Sanctions screening applications like Fircosoft and/or NetRevealLogical thinking capabilities with a technical mind-setAdvanced knowledge in using Microsoft Excel and MS AccessKnowledge of PowerBI /TableauAbility to prioritize, use own initiative, make quick decisions, be flexible and work independentlyAbility to work remotely, with teams spread globally, under pressure, meet deadlines and navigate changeAbility to work and interact with people from a diverse range of backgrounds and opinionsSkillsData Collection and EntryData ManagementData ModelingIssue ManagementPolicies, Procedures, and Guidelines ManagementAnalytical ThinkingCollaborationData GovernanceData Quality ManagementData and Trend AnalysisBusiness AcumenControls ManagementProduction SupportRegulatory ComplianceSolution DesignShift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - VA - Richmond - 8001 VILLA PARK DR - VILLA PARK OPS CENTER BLDG C (VA2100)Pay and benefits informationPay range$72,100.00 - $113,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Worksite address
richmond, VA, 23220, US
Who can apply
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