Quantitative Scenario Analyst – Anti-Money Laundering

Are you a highly analytical and detail-oriented professional looking for an exciting opportunity to make a significant impact in the financial industry? Look no further than Bank of America's Quantitative Scenario Analyst – Anti-Money Laundering position. As a key member of our Anti-Money Laundering team, you will play a crucial role in identifying and mitigating financial risks through quantitative analysis and scenario modeling. We are seeking a talented individual with a strong background in financial analysis, risk management, and anti-money laundering regulations. If you have a passion for problem-solving, a keen eye for detail, and a desire to be part of a dynamic and innovative team, we want to hear from you. Join us at Bank of America and help us shape the future of financial security.

1. Conduct quantitative analysis and scenario modeling to identify and mitigate financial risks related to money laundering activities.
2. Collaborate with other members of the Anti-Money Laundering team to develop and implement risk management strategies.
3. Stay updated on industry trends and regulatory changes related to anti-money laundering regulations.
4. Utilize strong analytical skills to identify patterns and trends in financial data.
5. Communicate findings and recommendations to senior management and other relevant stakeholders.
6. Develop and maintain internal processes and procedures to ensure compliance with anti-money laundering regulations.
7. Conduct regular audits and reviews to identify potential gaps in risk management processes.
8. Work closely with other departments, such as compliance and legal, to ensure a cohesive and effective approach to risk management.
9. Continuously evaluate and improve upon existing risk management strategies and procedures.
10. Participate in industry conferences and seminars to stay updated on best practices and emerging trends in anti-money laundering.
11. Train and mentor junior team members on quantitative analysis and risk management techniques.
12. Proactively identify and report suspicious activities to relevant authorities.
13. Provide support and guidance to other departments on anti-money laundering regulations and risk management processes.
14. Maintain confidentiality and handle sensitive information in accordance with company policies and procedures.
15. Contribute to a positive and collaborative team culture, promoting innovation and continuous improvement.

According to JobzMall, the average salary range for a Quantitative Scenario Analyst – Anti-Money Laundering in Boston, MA, USA is $85,000-$120,000 per year. This can vary depending on the specific company, level of experience, and other factors.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.