Quantitative Scenario Analyst – Anti-Money Laundering
Are you passionate about using data and analytics to combat financial crime? Bank of America is seeking a motivated and detail-oriented individual to join our team as a Quantitative Scenario Analyst for Anti-Money Laundering. In this role, you will play a critical role in identifying potential money laundering risks and proposing effective mitigation strategies. We are looking for a highly analytical and results-driven individual with a strong understanding of AML regulations and experience in building quantitative models. If you are ready to make a meaningful impact in the fight against financial crime, we encourage you to apply.
- Conduct quantitative analysis using various data sources to identify potential money laundering risks.
- Generate and propose effective mitigation strategies to address identified risks.
- Develop and maintain quantitative models to support AML risk assessments.
- Monitor and analyze AML data to identify trends and patterns that may indicate financial crime.
- Collaborate with other team members and departments to ensure compliance with AML regulations and policies.
- Stay up-to-date with changes in AML regulations and industry best practices.
- Communicate findings and recommendations to stakeholders, including senior management.
- Ensure accuracy and completeness of data used in quantitative analysis and modeling.
- Participate in AML investigations and provide analytical support as needed.
- Contribute to the development and enhancement of AML detection and monitoring systems.
- Train and mentor junior team members on quantitative analysis and modeling techniques.
- Work closely with other departments, such as Risk Management and Compliance, to ensure alignment and consistency in AML efforts.
- Proactively identify potential improvements or efficiencies in AML processes and procedures.
- Maintain strict confidentiality and adhere to ethical standards when handling sensitive information.
- Continuously strive to improve and innovate in the use of data and analytics to combat financial crime.
Strong Analytical Skills: The Ideal Candidate Should Have A Solid Understanding Of Quantitative Analysis Methods And Techniques, Including Statistical Modeling, Data Mining, And Risk Assessment. They Should Also Be Proficient In Using Software Such As Sas, Sql, And R.
Knowledge Of Anti-Money Laundering Regulations: As A Quantitative Scenario Analyst For Aml At Bank Of America, The Candidate Should Have A Thorough Understanding Of Aml Regulations, Including The Bank Secrecy Act And Usa Patriot Act. They Should Also Be Aware Of Current Trends And Developments In The Aml Field.
Experience In Scenario Analysis: The Candidate Should Have Previous Experience In Conducting Scenario Analysis Within The Financial Industry, Preferably In The Aml Or Risk Management Field. They Should Be Able To Develop And Implement Models To Identify Potential Aml Risks And Assess Their Impact On The Bank.
Attention To Detail: A Quantitative Scenario Analyst Must Be Detail-Oriented And Have A Keen Eye For Identifying Patterns And Anomalies In Large Datasets. They Should Be Able To Spot Potential Red Flags And Investigate Them Thoroughly To Ensure Compliance With Aml Regulations.
Communication And Collaboration Skills: The Candidate Should Possess Excellent Communication Skills, Both Written And Verbal, To Effectively Communicate Their Findings To Stakeholders And Other Team Members. They Should Also Be Able To Collaborate With Cross-Functional Teams, Including Compliance, Legal, And Technology, To Develop And Implement Effective Aml Strategies.
Data Analysis
Quantitative Analysis
Statistical modeling
Risk assessment
Investigative Research
Fraud detection
Compliance monitoring
Regulatory Knowledge
Financial Crime
Scenario Testing
Anti-Money Laundering (Aml)
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Quantitative Scenario Analyst – Anti-Money Laundering in Atlanta, GA, USA is $80,000 to $120,000 per year. Salaries may vary depending on the specific company, experience level, and other factors. Additionally, bonuses and other benefits may also be included in the overall compensation package.
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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.
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