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Consultant-Data Mining/Whse - Sanctions Screening Center of Excellence

Scranton, Pennsylvania;

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.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Enterprise Overview:

Participates in design, development, and implementation of complex applications, often using new technologies. Serves as a fully seasoned and proficient technical resource. May manage projects and direct activities of a team related to special initiatives or operations. May have responsibility for a project and project budget, which may or may not include personnel management responsibility. Routine accountability is for technical knowledge and capabilities as a team member or as an individual contributor. Works under minimal supervision, with general guidance from more seasoned consultants or managers.

LOB 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.
  • 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.
  • 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 / 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
  • 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.

Required Qualifications:

  • Bachelor's degree in Computer Science, Data Management, Statistics or related fields
  • Awareness of AI / Machine learning concepts and ability to implement such strategies
  • Good experience in Data Analytics and interpretation of large volumes of Data
  • Scripting experience with any language like Python, Java, VB

Desired Qualifications:

  • Preferred experience in Sanctions / AML processes
  • Advanced knowledge in SQL and using tools like TOAD
  • 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
  • Advanced knowledge in using Microsoft Excel and MS Access
  • Good Knowledge in using Microsoft products Word, Outlook, Power-point and Visio
  • 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
  • Experience in Sanctions screening applications like Fircosoft


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: No