Global Financial Crimes Specialist

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 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 supporting the risk management of substantive money laundering, economic sanctions and fraud compliance and operational risk practices for the Global Banking Global Financial Crimes team. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of business-related compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.

Responsibilities:

• Partner with business, operations and risk management teams to analyze business processes, internal controls, client behavior and transaction trends
• Participate in ad-hoc projects related to regulatory inquiries, news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations
• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Assists in the monitoring of changes in regulations applicable to Global Financial Crimes
• Evaluates the risk of assigned financial-crimes related issues, monitors progress and recommends acceptance of action plans and closure activities working with GFC Risk Officers
• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Develop, recommend and execute monitoring routines and evaluate and disposition test results working with key stakeholders that relate to potential trends, patterns or gaps in FLU performance of the Global Financial Crimes Program

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Coaching
• Reporting
• Talent Development

Preferred Technical Skills:

• Risk Identification & Assessment
• Issues Management & Resolution
• Line of Business (LoB) Products, Services & Acumen
• Financial Crimes Risk Programs
• Enhanced Due Diligence
• Credible Challenge
• Customer Due Diligence
• Regulatory Knowledge
• High Risk Activities & Typologies
• Financial Crimes Compliance Risk Principles

Required Qualifications:

• Minimum 5 years of business and/or functional experience in financial services industry, risk management, financial crimes, testing, or experience in a related/relevant field
• Minimum 3 years of experience in monitoring, testing, and/or quality assurance/quality control function
• Bachelor’s degree or equivalent work experience
• Demonstrated experience engaging professionally with senior leadership and internal/external senior partners, escalating issues for effective resolution, and executing appropriate issues management
• Excellent business stakeholder management and communication skills, including the ability to work effectively in a dynamic, cross-functional environment

Desired Qualifications:

• Experience in financial services and/or a related government entity
• Ability to work & effectively communicate with cross functional teams
• Strong written and verbal communication skills and the ability to communicate and work with all levels within the organization 
• Experience and strong ability to