Operations Analyst - Sanctions

Bank Of America
Scranton / wilkes-barre, PA
23 Nov 2024

Vacancy expired!

Job Description:

Job Description Summary

Investigate Office of Foreign Assets Control (OFAC) alerts for both domestic, international consumer, commercial and wholesale bank businesses or services functions. Responsibilities may include: basic level reporting, reviewing and processing OFAC transactions to meet compliance requirements, and performing other support operations functions as required. Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and/or external customers/clients. Intermediate level position performs routine and various item processing functions under moderate supervision within a process that has built-in checks and balances.

Job Description

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. CoE 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.

Required Skills:
  • Analytical and detail oriented.
  • Good oral and written communications skills.
  • PC proficiency and excellent Keyboarding/Typing skills.
  • Ability to work independently, as well as, within a team.
  • Overtime as required
Desired Skills:
  • Previous Economic Sanctions, AML, Wire Transaction and/or previous Compliance experience highly desired.
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
  • Excels in working among diverse viewpoints to determine the best path forward.
  • Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

Job Band:H6

Shift:1st shift (United States of America)

Hours Per Week:40

Weekly Schedule:Monday - Friday, 9:00am - 6:00pm or 10:00am - 7:00pm

Referral Bonus Amount:0 >

Job Description:

Job Description Summary

Investigate Office of Foreign Assets Control (OFAC) alerts for both domestic, international consumer, commercial and wholesale bank businesses or services functions. Responsibilities may include: basic level reporting, reviewing and processing OFAC transactions to meet compliance requirements, and performing other support operations functions as required. Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and/or external customers/clients. Intermediate level position performs routine and various item processing functions under moderate supervision within a process that has built-in checks and balances.

Job Description

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. CoE 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.

Required Skills:
  • Analytical and detail oriented.
  • Good oral and written communications skills.
  • PC proficiency and excellent Keyboarding/Typing skills.
  • Ability to work independently, as well as, within a team.
  • Overtime as required
Desired Skills:
  • Previous Economic Sanctions, AML, Wire Transaction and/or previous Compliance experience highly desired.
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
  • Excels in working among diverse viewpoints to determine the best path forward.
  • Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

Job Band:H6

Shift:1st shift (United States of America)

Hours Per Week:40

Weekly Schedule:Monday - Friday, 9:00am - 6:00pm or 10:00am - 7:00pm

Referral Bonus Amount:0

Job Description:

Job Description Summary

Investigate Office of Foreign Assets Control (OFAC) alerts for both domestic, international consumer, commercial and wholesale bank businesses or services functions. Responsibilities may include: basic level reporting, reviewing and processing OFAC transactions to meet compliance requirements, and performing other support operations functions as required. Ensures quality service and effective and efficient operations support for the assigned area's internal business partners and/or external customers/clients. Intermediate level position performs routine and various item processing functions under moderate supervision within a process that has built-in checks and balances.

Job Description

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. CoE 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.

Required Skills:
  • Analytical and detail oriented.
  • Good oral and written communications skills.
  • PC proficiency and excellent Keyboarding/Typing skills.
  • Ability to work independently, as well as, within a team.
  • Overtime as required
Desired Skills:
  • Previous Economic Sanctions, AML, Wire Transaction and/or previous Compliance experience highly desired.
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
  • Excels in working among diverse viewpoints to determine the best path forward.
  • Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

Shift:1st shift (United States of America)

Hours Per Week:40

Learn more about this role
  • ID: #23299467
  • State: Pennsylvania Scranton / wilkes-barre 18501 Scranton / wilkes-barre USA
  • City: Scranton / wilkes-barre
  • Salary: USD TBD TBD
  • Job type: Permanent
  • Showed: 2021-11-23
  • Deadline: 2022-01-21
  • Category: Et cetera