Quantitative Scenario Analyst – Anti-Money Laundering

Are you passionate about using data to identify and prevent money laundering activities? Do you thrive in a fast-paced, dynamic environment where you can apply your analytical skills to make a real impact? If so, Bank of America is seeking a highly motivated and experienced Quantitative Scenario Analyst for our Anti-Money Laundering team. In this role, you will play a critical role in identifying potential risks and developing scenario-based models to effectively monitor and mitigate money laundering risks. We are looking for a candidate with a strong background in quantitative analysis, risk management, and anti-money laundering regulations. If you are driven, detail-oriented, and have a strong understanding of data analysis, we encourage you to apply for this exciting opportunity at Bank of America.

1. Conduct quantitative analysis to identify and assess potential money laundering risks and develop effective risk management strategies.
2. Utilize data analysis tools and techniques to monitor transactions and detect suspicious activities.
3. Develop and implement scenario-based models to identify potential money laundering patterns and trends.
4. Stay up-to-date on anti-money laundering regulations and ensure compliance with regulatory requirements.
5. Collaborate with cross-functional teams, including compliance, risk management, and technology, to develop and implement effective anti-money laundering strategies.
6. Conduct thorough research and analysis to support the development and enhancement of anti-money laundering policies and procedures.
7. Provide timely and accurate reporting to senior management on potential money laundering risks and mitigation efforts.
8. Identify and recommend improvements to existing processes and systems to enhance overall anti-money laundering effectiveness.
9. Train and educate team members on anti-money laundering policies, procedures, and best practices.
10. Continuously monitor and review transaction data to identify any potential gaps or weaknesses in the anti-money laundering process and make recommendations for improvement.

According to JobzMall, the average salary range for a Quantitative Scenario Analyst – Anti-Money Laundering in Chicago, IL, USA is $81,000 to $125,000 per year. This salary range can vary depending on factors such as experience, education, and the specific company and industry. Additionally, bonuses and other benefits may also be included in the overall compensation package.

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.