Jobs › Companies › Bank of America › Operations Manager- Sanctions Screening Center of Excellence

About this Operations Manager- Sanctions Screening Center of Excellence role at Bank of America

Bank of America · Onsite · Richmond

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 leading a segment or a small operations unit for a site, region, or product line within the bank's internal operations. Key responsibilities include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and developing and implementing new processes to improve operating efficiency and ensure accuracy of workflow. Job expectations include overseeing day-to-day activities of employees, including executing transactions and managing the budget, expenses, forecasting, and reporting.


Responsibilities:

  • Accountable for the (Sanctions Screening Center of Excellence) that reviews all of Bank of America’s customers and transactions to ensure compliance with Bank of America’s Economic Sanctions Program
  • Responsibility to provide support to client facing teams and clients where needed to educate on compliance program, drive better quality of data defining the customer and their day-to-day banking transactions.
  • Forecasts and manages staffing levels and capacities, provides effective coaching, and shares constructive feedback to drive Operational Excellence
  • Applies knowledge of the end-to-end processes and ensures adherence to bank and regulatory policy and procedures when making decisions that impact various operations and product lines
  • Develops and analyzes procedures to enhance unit and/or product-related activities and oversees budget and expense management, reporting, and forecasting for designated areas
  • Evaluates efficiencies and identifies areas of improvement and growth to the overall process, identifying data, metrics, and key performance indicators to measure process effectiveness
  • Aligns bank priorities and strategies to employee metrics and goals and strives to recognize, encourage, and improve team performance to support an inclusive work environment

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.

Required Qualifications:

  • 1+ year leadership experience
  • 1+ year experience in Operations or Compliance; Sanctions experience highly desired
  • Ability to collect, organize and disseminate significant amounts of information with attention to detail and accuracy
  • Experience with Excel and other applications to support large data aggregation and management
  • Strong attention to detail and problem-solving skills
  • Strong collaboration and influencing skills
  • Highly motivated to succeed in a fast-paced environment 
  • Ability to develop team members to maximize their potential
  • Effective planning, time management and organizational skills
  • Excels in working among diverse viewpoints to determine the best path forward
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Schedule: Tuesday-Saturday / 8am -5pm EST
  • Ability to work additional hours outside of the standard work schedule as business needs dictate.

 

Desired Qualifications:

  • Experience & Knowledge of economic sanctions program requirements and disposition of sanctions alerts or extensive background with WTX and/or ACH experience
  • Experience working with auditors and regulators
  • Experience in Global Banking & Markets business process
  • Intermediate knowledge in SQL and/or Tableau
  • Excels in working among diverse viewpoints to determine the best path forward
  • Manages the risk reward trade off; follows the proper risk routines to get the right outcomes for the business.
  • Communicates with impact; communicates effectively (both in writing and when speaking) using clear, concise and simple language
  • Demonstrates a commitment for continuous learning; challenges the status quo and is passionate and capable of driving change across the organization
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

Skills:

  • Business Operations Management
  • Customer Service Management
  • Performance Management
  • Process Performance Measurement
  • Talent Development
  • Account Management
  • Client Management
  • Leadership Development
  • Process Management
  • Relationship Building
  • Hiring and Onboarding
  • Policies, Procedures, and Guidelines Management
  • Process Design
  • Risk Management
  • Workforce Analytics

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - VA - Richmond - 8001 VILLA PARK DR - VILLA PARK OPS CENTER BLDG C (VA2100)

Pay and benefits information

Pay range

$64,700.00 - $108,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Ready to apply to Bank of America?
Apply to Bank of America

How this Operations Manager salary compares

This role pays $86,600/yr — in line with the typical range for Operations Manager roles.

$57,175 median $122,050 $202,000

Typical range $84,950–$156,538/yr, from 20 comparable Operations Manager listings on JobsRadar (pay annualized to USD). See Operations Manager salary insights →

About Bank of America

Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in t

See all jobs at Bank of America →

Similar jobs

Capital One
Senior Manager, Operations Servicing Strategy (Hybrid)
Capital One
⚡ Apply early Richmond, VA Hybrid
● New 👁 Seen ✓ Applied 1d ago
Werner Enterprises
Operations Supervisor (Complex Manager)
Werner Enterprises
⚡ Apply early Richmond, VA - LOC111 Onsite
● New 👁 Seen ✓ Applied 4d ago
CVS Health
Operations Manager
CVS Health
⚡ Apply early VA - Richmond Onsite $39,520–$60,320
● New 👁 Seen ✓ Applied 5d ago
Bank of America
Centralized Operations Manager
Bank of America
⚡ Apply early Fredericksburg Onsite $134,600–$172,500
● New 👁 Seen ✓ Applied 6d ago
Capital One
Extended Ops Management - Principal Process Manager
Capital One
⚡ Apply early Plano, TX Hybrid
● New 👁 Seen ✓ Applied 1w ago
Alliance Ground International
Ramp Duty Manager - Ground Operations
Alliance Ground International
⚡ Apply early Richmond, British Columbia, Ca... Onsite
● New 👁 Seen ✓ Applied 1w ago
Capital One
Risk Manager - Partnerships Delivery, Operations & Well Managed Team
Capital One
⚡ Apply early McLean, VA Hybrid
● New 👁 Seen ✓ Applied 1w ago
PwC
Finance Solutions - Digital Revenue Operations – Manager
PwC
⚡ Apply early TX-Dallas Onsite $99,000–$232,000
● New 👁 Seen ✓ Applied 2w ago
PwC
Finance Solutions - Digital Revenue Operations - Senior Manager
PwC
⚡ Apply early CA-Silicon Valley Onsite $124,000–$280,000
● New 👁 Seen ✓ Applied 2w ago

Sign up for suggestions tailored to the jobs you open and the searches you save.

More jobs at Bank of America

See all jobs at Bank of America →

Apply now
🤖

Whoa — hold up

JobsRadar was built for real people having a rough time in their job search — not for automated requests. You're clicking way too fast and you're now temporarily blocked.

Come back later. If you're genuinely job hunting, we've got your back — just act like a human.

Catch your next role the second it’s posted.

Create a free account and we’ll watch the boards for you — the instant a job matches your search, it lands in your inbox or Telegram. No digging, no refreshing.

Create free account

Free forever · takes 30 seconds · already have one?

Get an edge on your job hunt.

Join our Telegram channel for the stuff that helps you land the role — salary benchmarks, the weekly market pulse, and new-feature drops. No spam, just signal.

Join the channel — it's free