Global Financial Crimes Specialist

Bank of America; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Canada is seeking a Global Financial Crimes Specialist to support compliance and operational risk processes. The role involves identifying and mitigating risks related to money laundering and fraud, collaborating with various teams, and developing training programs. Ideal candidates will have extensive knowledge of AML regulations and strong analytical skills.

Qualifications

• Minimum 5 years of relevant experience in AML, Sanctions, or Financial Crimes Compliance.
• Experience in risk management and client advisory.

Responsibilities

• Support compliance and risk activities for financial crimes.
• Conduct financial crimes risk assessments and develop training programs.

Skills

Analytical Skills

Communication Skills

Organizational Skills

Decision-Making Skills

Research Skills

Education

Bachelor’s Degree

Tools

MS Office

LexisNexis

CLEAR

Job description

Global Financial Crimes Specialist

Toronto, Canada

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

Bank of America believes in the importance of teamwork and offering flexibility to our employees. We adopt a multi-faceted approach to flexibility, depending on the roles within our organization.

Working at Bank of America offers a great career with opportunities to learn, grow, and make an impact, along with the power to make a difference. Join us!

Job Description

This role supports the execution of compliance and operational risk processes to identify and mitigate risks related to money laundering, terrorist financing, economic sanctions, and fraud. It provides risk management and client advisory support within Canada. The incumbent partners with the Money Laundering Reporting Officer to support regulatory and corporate audits, and collaborates with front-line business, operations, and other financial crimes teams regionally and globally to assess risks, monitor controls, identify trends, analyze business processes, and review quality assurance trends.

Responsibilities

• Support the Canada MLRO in compliance and risk activities, including developing monitoring and test coverage plans.
• Perform monitoring and testing of processes related to Customer Due Diligence, Non-Financial Regulatory Reporting, and other activities in accordance with Canadian AML/CFT laws.
• Review policies to ensure compliance with Canadian AML/CFT regulations.
• Conduct financial crimes risk assessments.
• Act as the Canada GFC procedures specialist.
• Develop metrics and analytical reports for governance and management routines.
• Identify, report, and escalate financial crimes risks and control issues.
• Assist with regulatory exams and audits related to financial crimes.
• Help develop financial crimes training programs.
• Review suspicious activity and sanctions alerts.
• Escalate concerns to the Global Financial Crimes Manager or Executive.

Skills

• Strong understanding of monitoring, testing, and quality assurance processes.
• Extensive knowledge of AML typologies.
• Ability to interpret regulatory guidance.
• Excellent written and verbal communication skills.
• Strong analytical, organizational, and decision-making skills.
• Self-motivated, detail-oriented, and critical thinker.
• Ability to manage multiple projects in a dynamic environment; proficiency with MS Office, especially Excel.
• Change management and transformation skills.
• Quick learner of proprietary technology applications.
• Excellent research skills, including experience with research tools like LexisNexis and CLEAR.
• Sound judgment.

Qualifications

• Minimum 5 years of relevant experience in AML, Sanctions, or Financial Crimes Compliance related to Canada.
• Experience in risk management and client advisory.
• Ability to identify, mitigate, and escalate AML concerns.
• Bachelor’s Degree or equivalent work experience.
• Preferred: understanding of global banking and markets, and expertise in Canadian financial crimes risks.
• Ability to handle multiple projects in a regional team setting.