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Consultant - Sanctions Screening CoE (Global Payment Ops)

Scranton, Pennsylvania;

Job Description:

Center of Excellence 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 505K payments valued at >$6.5B processed daily and US ACH Average of 20M ACH payments valued at $68B processed daily.  Additionally, GPO is also accountable for the CoE that reviews all of Bank of America’s customers and transactions to ensure compliance with Bank of America’s Economic Sanctions Program. CoE serves all eight lines of business across Bank of America, 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, help front line unit’s drive to improve quality of data that defines the customer and their day-to-day banking transactions. We are responsible for scanning on average 6M sanction transactions and reviewing on average 22K sanction alerts daily.

In general, the role of the Sanctions CoE Data Mining Consultant is as follows:

  • Primary responsibility is to create / update business rules to minimize the false-positive Sanctions alerts to improve efficiency and effectives of the CoE’s alert review process.

  • Analyze alerts on a daily basis to chalk out strategies to reduce the false-positives, using different pattern matching and trending techniques

  • Assist in on-boarding new applications 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

  • Assist in onboarding of new clients – ensure production readiness through false positive analysis, support FLU where needed to ensure completeness and correctness of data sent for screening.

  • Ability to query & analyze the data required for ad hoc requirements on the fly and generate reports for the team to use.

  • Work with technology teams for requirements / testing and implementing changes to improve / automate CoE processes.


  • Bachelor's degree in Computer Science, Data Management, Statistics or related fields is a plus

  • 5-10 years of Technical/Operations experience

  • Preferred experience in Sanctions / AML processes

  • Preference to internal Bank of America candidates familiar with our risk culture, governance and support structure.


  • Good experience in Data Analytics and interpretation of large volumes of Data

  • Advanced knowledge in SQL and using tools like TOAD is a plus.

  • Scripting experience with any language like Python, Java, VB is a plus.

  • Has good data transformation / formatting experience and be able to work with data in different formats

  • Good logical thinking capabilities with a technical mind-set

  • Awareness of AI / Machine learning concepts and ability to implement such strategies is a plus.

  • Advanced knowledge in using Microsoft Excel and MS Access

  • Good Knowledge in using Microsoft products Word, Outlook, Power-point and Visio

  • Knowledge in using Micro-Strategy / Crystal reports is a plus

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.

  • Team player attitude, enthusiasm and commitment

  • Ability to prioritize, use own initiative, make quick decisions, be flexible and work independently

  • Ability to work remotely, with teams spread globally, under pressure, meet deadlines and navigate change

  • Ability to work and interact with people from a diverse range of backgrounds and opinions

  • Knowledge of Economic Sanctions programs requirements

  • Experience in Global Banking & Markets business process is a plus

  • Prefer candidates with experience in Sanctions screening applications like Fircosoft


  • Demonstrates good understanding of economic compliance requirements

  • Demonstrates business acumen - Demonstrates financial expertise and knowledge of the industry’s products and services and their value to customers/clients

  • Highly organized individual - Demonstrates a bias for action and a commitment to achieving sustainable results. Makes timely and fact based decisions

  • Communicates with impact;  Communicates effectively (both in writing and when speaking) using clear, concise and simple language

  • Is intellectually curious; constantly seeks to learn and advance his/her knowledge and use it to come up with creative out-of-the-box ideas

  • 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.


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 5% of the time


Talent Acquisition Contact:

Referral Bonus: