AML Onboarding Analyst - Business Banking

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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