Junior AML Onboarding Analyst – Business Banking

Bank of America•Jacksonville, FL

5d•Onsite

About The Position

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. 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 providing moderately complex research, reporting, and analytical support for the delivery of end-to-end support for Global Markets sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives, and over-the-counter derivatives across multiple Lines of Business. Key responsibilities include carrying out duties under general supervision and assisting teammates while following established procedures. Role Overview: The Junior 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. This is an entry‑level role ideal for candidates building experience in financial crime, onboarding, and business banking operations.

Requirements

Microsoft Excel experience
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.
Degree or equivalent work experience preferred, ideally in finance, business, law, or a related field.

Nice To Haves

Familiarity with the full Microsoft Office Suite, including Word, Outlook and Access
Experience with data analysis, including maintaining databases, collecting data, filtering and cleaning data, identifying patterns, interpreting data and presenting findings
Associate’s Degree or higher with a major in business, finance, accounting, economics or a related field
Experience in the financial services industry
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.
AML/KYC certifications (e.g., ICA, ACAMS) are a plus but not required for junior roles.

Responsibilities

Maintains accuracy of client portfolio using internal and external comparison tools
Performs research and conducts moderately complex analyses using established techniques, including transactions that require special handling and exception handling
Explores methods to enhance processes, further reduce risks, and boost client experience
Partners with colleagues on the trade and sales support teams, as well as external agents
Creates reports and liaises with internal partners to ensure proper client reporting and assist with regulatory reporting
Escalates potential risks and exposures to manager in a timely manner
Assists with ad-hoc projects, new processes, or initiatives requiring coordination among subject matter experts representing multiple product areas or functions
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 authorised signatories.
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.
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.
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.