Financial Crimes Sr. Product Owner/Sr. Business Analyst

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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 maximizing value of their product while defining the vision and roadmap for the product, deliver well planned enhancements, and managing risks throughout the lifecycle. Key Responsibilities include research, documenting requirements, data driven backlog refinement, prioritizing enhancements, planning, testing, monitoring, tracking issues, and defining objectives for reporting routines. Job Expectations include ownership of key product decisions and deep subject matter expertise to manage complex products with large agile teams.

Responsibilities:

• Responsible for managing and maintaining the EP model risk factor inventory, with the ability to analyze AML and Fraud data to identify trends, risks, and insights.
• Leverage transactional, account, and behavioral data to develop actionable insights for global investigations while analyzing and optimizing the end-to-end case generation lifecycle.
• Identify key data drivers, process dependencies, and operational impacts to improve risk detection, regulatory compliance, and overall process effectiveness.
• Assesses automated and manual detection controls and evaluates quality
• Translates data findings into recommendations to strengthen controls
• Produces written analysis for auditors and other third-party consumption
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Leads or supports the building of requirements with IT partners and leads agile delivery programs including managing budgets, timelines, and resources
• Translates business needs into technology requirements
• Influences cross functional teams and drives outcomes

Required Qualifications:

• Minimum 7 years experience
• Strong understanding of how financial crime detection models operate—ability to interpret outputs, understand model limitations, and connect model behavior to business risk
• Strong analytical and communication skills, capable of translating complex data into clear risk insights
• Strong understanding of risk management principles, control frameworks, and how model governance fits within enterprise risk and compliance structures
• Able to work independently and collaboratively across business, compliance, and operations teams to assess and mitigate risks
• Strong interpersonal skills to interface broadly with internal and external constituents
• Self-starter who enjoys working in a fast-paced environment

Skills:

• Access and Identity Management
• Production Support
• Regulatory Compliance
• Risk Management
• Critical Thinking
• Issue Management
• Policies, Procedures, and Guidelines Management
• Solution Design
• Written Communications
• Coaching
• Reporting
• Strategy Planning and Development
• Test Engineering

Shift:

1st shift (United States of America)

Hours Per Week: 

40