Bank Of America Data Consultant – Sanctions 

United Kingdom, England, London 

999336871

Corporate Title: Up to Vice President

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Role Description:

The Centre of Excellence (CoE) for Economic Sanctions Screening 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. Globally, we process more than 500K wire payments valued at > $1.38T processed daily, International ACH Average of 505,000 payments valued at >$6.5B processed daily and US ACH Average of 20M ACH payments valued at $68B processed daily.

Responsibilities:

• You will create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency of the CoE’s alert review process.
• You will 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.
• You will analyse alerts daily to create strategies to reduce the false positives, using different pattern matching and trending techniques.
• You will assist 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 screening.
• You will have the ability to query & analyse the data required for ad hoc requirements and generate reports for the team to use.
• You will work with technology teams for requirements / testing and implementing changes to improve / automate CoE processes.

What we are looking for:

• You will have demonstrated experience in Data Analytics and interpretation of large volumes of data.
• You will have scripting experience with any language like Python, Java, VB
• You will have efficient oral and written communications skills.
• You will be proficient with Microsoft Office.
• You will have an analytical and detail-oriented mindset.

Skills that will help (optional):

• Advanced knowledge in SQL and using tools like TOAD would be advantageous.
• Knowledge of Economic Sanctions programs would be advantageous.
• Experience in a Global Banking & Markets business would be advantageous.
• Experience with Sanctions screening applications like Fircosoft would be advantageous.
• Data transformation / formatting experience would be advantageous.

• A Bachelor's degree in Computer Science, Data Management, Statistics or related fields would be advantageous.
• Awareness of AI / Machine learning concepts and the ability to implement would be advantageous.

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.