AVP, Operations Consultant (Sanctions Screening), Global Payments Operations

Bank of America

  • Singapore
  • Permanent
  • Full-time
  • 1 month ago
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:About Sanctions Screening Center of Excellence (SSCoE): The Center of Excellence for economic sanctions monitoring is part of Global Payment Operations (GPO).SSCoE 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.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.There are two Models used for Sanctions Screening purposes using two different vendor products (Fircosoft & Netreveal) and all rules and detections related to creation and suppression of alerts is handled by SSCoE Filter Support team.COE Level 3 review of sanction alerts generated on customer or transactional data contents – typically referred to as Relationship Screening and Transactional Screening.Responsibilities:
  • Advises on the design, development, and implementation of complex products, systems, and services in an operations environment using discretionary judgment
  • Advises on projects and directs activities of a team related to special initiatives
  • Advises as a technical expert in assigned area, providing an understanding of the business unit's operations processes and implications on other groups within the operations function
  • Consults on present-state, develops alternative future-state approaches, and facilitates implementations by creating a clear and coherent approach to guide effective program/initiative setup, execution, and control
  • Identifies and recommends responsibilities and accountabilities for key programs/projects
Requirements:
  • Experience & knowledge of economic sanctions program requirements and disposition of sanction alerts.
  • Strong written and verbal communication skills.
  • Team Player attitude, enthusiasm and commitment.
  • Ability to prioritize, use own initiative and be flexible.
  • Ability to work under pressure, meet deadlines and navigate change.

Bank of America