Junior AML Onboarding Analyst - Business Banking
Jacksonville, Florida
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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:
This job is responsible for providing moderately complex research, reporting, and analytical support for the delivery of end-to-end support for Global Markets sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives, and over-the-counter derivatives across multiple Lines of Business. Key responsibilities include carrying out duties under general supervision and assisting teammates while following established procedures.
Responsibilities:
Maintains accuracy of client portfolio using internal and external comparison tools
Performs research and conducts moderately complex analyses using established techniques, including transactions that require special handling and exception handling
Explores methods to enhance processes, further reduce risks, and boost client experience
Partners with colleagues on the trade and sales support teams, as well as external agents
Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting
Escalates potential risks and exposures to manager in a timely manner
Assists with ad-hoc projects, new processes, or initiatives requiring coordination among subject matter experts representing multiple product areas or functions
Required Qualifications:
Microsoft Excel experience
Desired Qualifications:
Familiarity with the full Microsoft Office Suite, including Word, Outlook and Access
Experience with data analysis, including maintaining databases, collecting data, filtering and cleaning data, identifying patterns, interpreting data and presenting findings
Associate's Degree or higher with a major in business, finance, accounting, economics or a related field
Experience in the financial services industry?
Skills:
Attention to Detail
Critical Thinking
Data Collection and Entry
Recording/Organizing Information
Research
Fraud Management
Interpret Relevant Laws, Rules, and Regulations
Problem Solving
Quality Assurance
Risk Management
Adaptability
Customer and Client Focus
Prioritization
Result Orientation
Written Communications
Line of Business Job Description
Role Overview:
The Junior AML Onboarding Analyst supports the onboarding of new Business Banking clients by performing required Anti-Money Laundering (AML) and Know Your Customer (KYC) checks. The role ensures all customers meet regulatory and internal compliance standards before account opening or product activation. This is an entry-level role ideal for candidates building experience in financial crime, onboarding, and business banking operations.
Key Responsibilities:
Customer Due Diligence (CDD)
Collect and validate onboarding documentation for business clients (e.g., company registrations, ownership structure, financial statements).
Perform CDD reviews for low- and medium-risk business clients under supervision.
Assist with identifying and verifying beneficial ownership (UBOs), directors, and authorised signatories.
AML & Compliance Screening
Conduct screening against sanctions lists, PEP lists, and negative news databases using internal systems.
Escalate potential matches to senior team members or the Financial Crime team for review.
Apply internal AML/KYC standards and ensure documentation meets quality requirements.
Risk Assessment & Onboarding Support
Support initial risk scoring of customer profiles and identify inconsistencies or missing information.
Work with Relationship Managers, Business Banking teams, and Compliance to resolve documentation gaps.
Maintain accurate, up-to-date records in onboarding and workflow systems.
Operational Excellence
Ensure onboarding cases are completed within agreed SLAs and regulatory timelines.
Follow standard operating procedures and contribute to continuous improvement initiatives.
Assist with periodic reviews and housekeeping of customer files where required.
Skills & Experience Required:
Essential
Strong attention to detail and ability to work with accuracy in a regulated environment.
Good understanding of basic AML/KYC concepts and financial crime risks.
Strong communication skills for interacting with frontline teams and clients where needed.
Ability to manage multiple cases simultaneously in a fast-paced environment.
Competent with Microsoft Office (Excel, Outlook, Word) and ability to learn onboarding systems.
Desirable
Prior experience in banking operations, AML, onboarding, or customer due diligence (internships or entry roles welcome).
Familiarity with business banking clients (SMEs, corporates, partnerships, sole traders).
Exposure to sanctions, PEP screening tools, or workflow case management systems.
Qualifications:
Degree or equivalent work experience preferred, ideally in finance, business, law, or a related field.
AML/KYC certifications (e.g., ICA, ACAMS) are a plus but not required for junior roles.
Key Attributes:
Curious mindset with willingness to learn AML and regulatory frameworks.
Team-oriented, proactive, and adaptable.
High integrity, confidentiality, and commitment to compliance.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
