Bank of America Compliance Quantitative Operations Associate in Charlotte, North Carolina

Job Description:

This position is in the Scenario Development and Enhancement Team of the Global Anti-Money Laundering (AML) - Financial Intelligence Unit.

The candidate is responsible, but not limited to the following:

  • Developing and validating quantitative models/scenarios that are used to detect suspicious activity in support of the firm's strategic efforts to mitigate money laundering and terrorist financing risk

  • Collaborate with AML SMEs and Risk Managers to develop and enhance methodologies for detecting money laundering and other suspicions activity

  • Validate and tune current models/scenarios through analytics and intelligence discovery

  • Understanding of financial transaction data, be able to assess and communicate assumptions underlying the data sources

  • Proficient in methods of data extraction, transformation, and loading data from different operating systems.

  • Successful candidate should be able to maintain a strong focus on data quality/consistency, demonstrate strategic and creative thinking , be comfortable in an environment where outcomes may be ambiguous, be able to develop a plan of action, execute that plan in a reasonable amount of time

  • Deliver/present results in a thorough and organized manner.

  • Teamwork is essential and the ability to function effectively in a cooperative environment is required.

Required Skills:

  • Masters or Ph.D. degree in a Quantitative discipline (Mathematics, Statistics, or Economics, etc.)

  • 2+ yrs. of knowledge of databases, data warehousing and business intelligence tools, such as SAS, Matlab, R, SQL language or similar software

  • Demonstrate a combination of leadership, business acumen, quantitative modeling and analysis skills, strategic and creative thinking, and satisfactory written and oral communications skills

  • Proficient in Microsoft Office applications

  • Strong problem solving skills and be able to prioritize and work on multiple projects at a time

Desired Skills:

  • Understanding of financial services and products, analytic experiences in AML

  • Self-motivated worker who is comfortable and effective working with varying levels of guidance

Posting Date : 03/20/2017

Location : US-NC-Charlotte

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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