Bank of America - Charlotte, NC

posted about 2 months ago

Full-time - Mid Level
Charlotte, NC
Credit Intermediation and Related Activities

About the position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We are devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! This role is for Global Financial Crimes (“GFC”) Specialist position on the GFC Data Governance and Oversight Team (GFC Data Team), under the supervision from a GFC team manager. The GFC Data Team is responsible for driving successful adoption of company's Data Management Policies and Financial Crimes Standard (FC standard) within GFC and ensure sustainable execution of the enterprise data strategy in support of critical business processes in Anti-Money Laundering (AML), Economic Sanctions and Financial Crimes Risk Management. The GFC Specialist is responsible for partnering with stakeholders across Global Risk Management, Front Line Units (FLUs), Global Technology & Operations and Enterprise Data Strategy & Governance to provide needed assistance and oversight in support of strategic data initiatives in the AML and Sanctions space. This role is responsible for working with data users to understand business process requirements, aid in documentation of data requirements, provide subject matter support towards sourcing and maintenance of data for GFC data domain and deliver needed data testing and analysis to ensure data solutions meet the business requirements and applicable data quality standards. Responsibilities also include identification, research and remediation of data related issues and incidents impacting GFC business processes and preparing reporting/materials in support of senior management updates, internal audit and regulatory inquiries.

Responsibilities

  • Partner with stakeholders across Global Risk Management, Front Line Units (FLUs), Global Technology & Operations and Enterprise Data Strategy & Governance.
  • Assist in the documentation of data requirements and provide subject matter support towards sourcing and maintenance of data for GFC data domain.
  • Deliver data testing and analysis to ensure data solutions meet business requirements and applicable data quality standards.
  • Identify, research and remediate data related issues and incidents impacting GFC business processes.
  • Prepare reporting/materials in support of senior management updates, internal audit and regulatory inquiries.
  • Coordinate and help facilitate changes to AML processes/systems in compliance with FLU/CF and Enterprise policies and procedures.
  • Understand, document, and verify data sourcing, quality, and system interactions.

Requirements

  • Minimum 3 years of data analytics (SQL) experience and working with complex data problems.
  • Proficient in Microsoft Office Products including advanced knowledge of Excel.
  • Strong communication abilities.
  • Ability to work effectively in a dynamic, cross-functional environment.

Nice-to-haves

  • Bachelor's degree or equivalent experience.
  • Foundational knowledge of data tools and systems.
  • Broad knowledge of financial markets and products.
  • Excellent quantitative/analytic skills.
  • Ability to influence strategic direction and develop tactical plans.

Benefits

  • Competitive benefits to support physical, emotional, and financial well-being.
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