AML Onboarding Analyst - Business Banking
New York, New York
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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 analytical support in a Global Markets Operations function for one or more operations product areas. Key responsibilities include analyzing and resolving highly complex operations problems and initiatives requiring exceptional handling and coordination of multiple operational and/or product specialists to resolve. Job expectations include managing projects and the introduction of new initiatives, systems, products, services, and processes and coordinating necessary expertise across multiple operations functions and products.
Responsibilities:
Confirms loan documentation for accurate trade settlements
Partners with Sales Associates, Traders, Research Analysts, trading counterparties, internal and external attorneys, administrative agent banks, and various other internal operations groups
Manages post-trade management and logistics, settlement pricing, and closing coordination
Analyzes and resolves highly complex operational problems
Supports ad-hoc projects for new processes or industry initiatives
Processes loans end-to-end with accurate data input into various credit and operating systems
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Opportunity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the "why" and connects contributions to business results.
Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
People Manager & Coach: Knows and develops team members through coaching and feedback.
Financial Steward: Manages expenses and demonstrates an owner's mindset.
Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.
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 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.
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 authorized 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.
