Compliance and Operational Risk Analyst
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. 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’re 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!
Job Responsibilities:
- Assists in assessing risks, associated controls, and their effectiveness, driving compliance with applicable laws, rules, and regulations while adhering to policies and developing reporting and documentation.
- Engages in activities to provide support to the Compliance and Operational Risk teams in order to provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party and vendor relationships in alignment with the Global Compliance - Enterprise Policy and the Operational Risk Management - Enterprise Policy.
- Supports the identification and escalation of problems or issues that arise, driving actions to address the root causes that lead to compliance risk issues and operational risk losses.
- Assists in the development of independent risk management reporting for respective area(s) of coverage as input into management routines.
- USA Patriot Act Section 314(a) coordination and transaction search.
- USA Patriot Act Section 314(b) incoming requests review.
- Intelligence gathering from money laundering and terrorist financing related Grand Jury Subpoenas, Seizure Warrants, and Law Enforcement Special Requests.
- Account Re-Entry alert review for parties exited for AML Cause that have returned to the Bank.
Required Qualifications:
- Bachelor’s degree or equivalent experience.
Desired Qualifications:
- Financial Services experience and/or related government entity.
- Anti-Money Laundering experience.
- Financial Crimes experience.
- SQL experience.
Skills:
- Monitoring, Surveillance, and Testing.
- Process Management.
- Regulatory Compliance.
- Reporting.
- Risk Management.
- Active Listening.
- Attention to Detail.
- Issue Management.
- Policies, Procedures, and Guidelines Management.
- Business Process Analysis.
- Critical Thinking.
Shift: 1st shift (United States of America)
Hours Per Week: 40
#J-18808-Ljbffr
