Home
/
Data and Analytics
/
Quantitative Scenario Analyst - Anti-Money Laundering (AML)
Quantitative Scenario Analyst - Anti-Money Laundering (AML)-March 2024
Charlotte
Mar 16, 2025
ABOUT BANK OF AMERICA
Bank of America is a leading financial institution, serving consumers, small businesses, and large corporations with a full range of banking, investing, and other financial products and services.
10,000+ employees
Financial Services
VIEW COMPANY PROFILE >>
About Quantitative Scenario Analyst - Anti-Money Laundering (AML)

  Job Description:

  This role is responsible for defining the vision and roadmap for a product or technology solution, defining and prioritizing deliverables in the product book of work, and articulating this to both business stakeholders and technology development teams. The Sr. Product Owner/Sr. Business Analyst is experienced in the role of a Product Owner, expert of the product, and have a deep understanding of the business and/or technology domain, while also having advance quantitative/analytic skills to influence the Financial Crimes program strategic transaction monitoring and data management direction.

  • Strong knowledge of agile development environment, preferably Product Management or Product Owner Experience

  • Experience in roles requiring advanced communication capabilities and interpersonal skills & the creation and delivery of succinct presentations to explain product vision and strategy

  • Advanced ability to use analytics, research and other methodologies to drive business decisions, diagnose problems and recommend action plans to remediate issues, inclusive of leveraging database level tools such as SQL.

  • Ability to prioritize business needs and properly manage tasks among competing initiatives

  • Comfortable managing concurrent initiatives in a fast-paced, matrix environment

  • Must possess excellent time-management, problem solving, and critical thinking capabilities

  • Excellent skills in communication, presentation, facilitation and negotiation

  • Ability to identify, escalate and communicate issues and progress to senior management in an effective and succinct manner

  • Experienced in developing and executing user acceptance testing for technology changes

  Global Financial Crimes Automated Detection & Monitoring team seeks a Quantitative Scenario Analyst - Anti-Money Laundering (AML) to conduct independent testing and review of complex models used to monitor and mitigate money laundering risk. These scenarios identify potentially suspicious behaviors for further evaluation by our in-house investigation teams. The candidate should exhibit familiarity with industry practices and have knowledge of up-to-date AML techniques. The candidate should be able to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in overseeing statistical and machine learning models to manage the bank's AML models and model systems.

  The Role will interact with a wide variety of stakeholders including Financial Crimes Investigations, business risk managers, model developers, model risk management, model implementation, and technology teams.

  The qualified candidate will be responsible for overseeing a broad range of model risk oversight activities, including:

  • Performing in-depth analysis on the Bank's AML model suite and clearly articulating a holistic picture of model performance, monitoring and targeted assessments.

  • Performing independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review.

  • Review, critical assessment, and challenge of AML models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation

  • Communicating model performance to model stakeholders, including risk management, model development, model risk, and senior management with clear conclusions regarding accuracy and remediation areas as required

  • Providing hands-on leadership for projects pertaining to AML Models to effectively challenge and influence the strategic direction and tactical approaches of these projects.

  • Communicating and working directly with relevant modeling teams and their corresponding stakeholders

  • Acts as a senior level resource or resident expert on analytic/quantitative modeling techniques used for Anti-money laundering.

  Required Skills:

  • Bachelor's Degree (or Higher) in a quantitative field such as Mathematics, Computer Science, Statistics or 5+ years of experience in oversight and under

  standing of Anti-Money Laundering models and systems

  • Strong familiarity with the industry practices in the field and knowledge of up-to-date Anti Money Laundering techniques

  • Logical thinker who is able to make rational, evidence-based decisions whilst knowing when to escalate, as necessary

  • Fluency in Python, SAS and SQL

  • Proficiency in Microsoft Excel / data analytics; ability to analyze and manipulate large data sets

  • Excellent written and oral communication skills with stakeholders of varying analytic skill and knowledge levels.

  • Flexible to perform other functions as requested by management

  • CAMS certification (preferred)

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
Summer 2024 Undergraduate Intern - Member Supervision - Any FINRA Location
We Work to Protect Investors. Join our Team. 2024 Summer Internship Program FINRA is dedicated to providing you with an internship opportunity to gain knowledge and experience in the securities indus
Data Engineer - Marketing Analytics - HYBRID/REMOTE - COSTA RICA
Splunk is here to build a safer and more resilient digital world. The world's leading enterprises use our unified security and observability platform to keep their digital systems secure and reliable
Associate, New Verticals - Convenience Strategy & Operations
About the Team The Convenience team focuses on making it fast, easy, and affordable for consumers to get  need-it-now items from third-party convenience and drugstore merchants using our marketplace.
Data Scientist
Yext (NYSE: YEXT) helps organizations build digital experiences across any channel on our open and composable platform. The Yext Digital Experience Platform collects and organizes content to deliver
Data Engineer - Remote
What we offer: Looking to join an innovative, global and evolving business? Look no further - Dematic is hiring! We are a global engineering company that designs, builds and supports intelligent auto
Real Assets Data Analyst
Your team responsibilities This role is associated with the MSCI Real Estate indexes & Data. MSCI Real Estate is a leading provider of real estate performance and risk analysis, providing critica
Financial Systems, Data and Analytics Manager
At Braze, we have found our people. We’re a genuinely approachable, exceptionally kind, and intensely passionate crew. We seek to ignite that passion by setting high standards, championing teamwork,
Field Service Technician
• Progressive and innovative global company • Challenging and dynamic role for industrial electricians or mechanical technicians • Permanent full-time role with generous rates and overtime • Fully ma
Data Engineer - SGT Engineering - HYBRID/REMOTE - COSTA RICA
Splunk is here to build a safer and more resilient digital world. The world's leading enterprises use our unified security and observability platform to keep their digital systems secure and reliable
Analyst, Corp Compliance
CO Salary Range: USD 51,400.00 - 75,500.00 per year 2000 16th Street, Denver, Colorado, 80202, United States of America DaVita's Compliance team, Team Quest identifies, develops, and implements strat
Copyright 2023-2025 - www.zdrecruit.com All Rights Reserved