Bank of America Corporation

Financial Crimes Analytics Senior Analyst

Bank of America Corporation$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of seven years of relevant experience in financial crimes
  • Knowledge of anti-money laundering (AML) and related AML legislation
  • Bachelor's Degree in a related field (preferred)
  • Experience in financial services and/or government entities (preferred)
  • Certified Anti-Money Laundering Specialist (CAMS) (preferred)

Responsibilities

  • Execute compliance and operational risk practices related to money laundering, fraud, and economic sanctions
  • Identify and propose sound remediation strategies for potential compliance gaps
  • Summarize risks associated with significant financial crime matters
  • Influence Bank Secrecy Act reporting through analysis insights
  • Collaborate with law enforcement to identify potential risks and ensure compliance reporting
  • Analyze bank data to identify financial crimes risks
  • Provide mentorship and training to junior analysts in risk identification and escalation

Benefits

  • Work in a supportive environment that encourages professional growth
  • Opportunities for interaction with senior leadership
  • Collaborative team culture focused on skill development
  • Exposure to high-impact financial risk scenarios and mitigation tactics
Full Job Description
Job Description:

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

The Financial Crimes Analytics Senior Analyst is a subject matter expert in the identification and evaluation of financial crimes. The Senior Analyst is responsible for assembling relevant information and performed a deeper assessment, compiling a crisp illustration of the problem, and communicated that with stakeholders including executive leadership across all lines of businesses. The incumbent is regularly interacting with senior executives and influencing outcomes through clear risk mitigation recommendations. In addition, a Senior Analyst is responsible for helping more junior analysts improve their skills to identify and escalate risk.

Responsibilities:
  • Well rounded financial crimes expertise, experience with Fraud, AML and Sanctions typologies, trends, and internal bank processes
  • Proven ability to identify, escalate and debate potential gaps in program with sound recommendations for remediation
  • Ability to identify and summarize risk associated with high profile matters
  • Understands and influences the handoff from analysis to Bank Secrecy Act reporting
  • When appropriate work with law enforcement and other external partners to identify potential risks, and ensure reporting
  • Ability to navigate bank data warehouses and source routine data for analysis
  • Ability to influence senior leaders on mitigation techniques by using data to propose fact based solutions
  • Understands what financial crimes risk looks like in the data, ability to partner across the enterprise to quantify and explain existing and emerging risks
  • Able to translate that knowledge to new teammates, assist with their growth and development - leadership capabilities
  • Understands the internal processes related to Fraud, AML and Sanctions risk


Required Qualifications:
  • Minimum of seven years of relevant experience in financial crimes
  • Knowledge of anti-money laundering (AML) and related AML legislation


Desired Qualifications:
  • Bachelor's Degree in related field
  • Experience in financial services and/or a related government entity
  • Certified Anti-Money Laundering Specialist (CAMS)


Skills:
  • Critical Thinking
  • Monitoring, Surveillance, and Testing
  • Regulatory Compliance
  • Risk Management
  • Coaching
  • Issue Management
  • Policies, Procedures, and Guidelines Management
  • Strategy Planning and Development
  • Written Communications
  • External Resource Management
  • Reporting
  • Talent Development


Preferred Technical Skills:
  • Data Analysis, Interpretation & Decisioning
  • Risk Governance & Reporting
  • Risk Identification & Assessment
  • Products, Services & Acumen - Line of Business (LoB) - GFC
  • Financial Crimes Risk Principles
  • Financial Crimes Risk Programs
  • High Risk Activities & Typologies
  • Threat Assessment
  • Trading & Transaction Patterns (incl. Transaction Monitoring)


Shift:
1st shift (United States of America)

Hours Per Week:
40

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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