Associate; Global Financial Crimes Specialist

Bank of America; New York (NY); On-site; USD 225,000 - 235,000; Full time

Benefits offered by this job

Pay transparency

Discretionary incentive plan

Comprehensive benefits

Job summary

Bank of America N.A. is seeking a qualified professional to support the Global Financial Crimes program in New York. The role involves assisting executives with regulatory compliance, policy development, and risk reporting while addressing sanctions exposure and remediation efforts.

Requirements include aBachelor's degree and 5 years of relevant experience; alternative is a Master’s with 3 years. The position offers a 40-hour work week and a comprehensive benefits package with pay transparency

Qualifications

• Bachelor's degree or equivalent in a related field and 5 years of experience.
• Experience in reviewing operational loss events and remediation planning.
• Experience with sanctions research and regulatory governance.

Responsibilities

• Support money laundering, sanctions and fraud compliance programs and risk practices.
• Assist in developing and maintaining financial crimes policies and standards.
• Produce financial crimes risk management reporting to senior leaders.

Skills

Financial crimes

Regulatory compliance

Sanctions research

Operational risk

Education

Bachelor's degree in Business Administration, Finance, Economics, or related field

Tools

Accuity

Kharon

Bloomberg

Job description

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!

Responsibilities Supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of 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. Supporting the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed. Assisting in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders. Assisting in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed. Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience Bachelor's degree or equivalent in Business Administration, Finance, Economics, or related: and 5 years of progressively responsible experience in the job offered or a related Finance occupation. Must include 5 years of experience in each of the following: Reviewing internal and external operational loss events and developing remediation plans to strengthen controls and provide oversight; Escalating financial‑crime compliance and operational risk issues through established governance routines and management‑level committees; Conducting sanctions‑related research using Accuity, Kharon, and Bloomberg to assess issues and potential exposure; and, Identifying, aggregating, reporting, and escalating sanctions issues, including remediation tracking, analysis, and control enhancement efforts related to financial crimes. In the alternative, the employer will accept a Master's degree and 3 years of experience.

EMPLOYER: Bank of America N.A. Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544) Pay and benefits information Pay range $225,000.00 - $235,000.00 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. Privacy Statement: https://careers.bankofamerica.com/en‑us/privacy‑notice

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. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well‑being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi‑faced approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

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Pay Transparency: https://careers.bankofamerica.com/en‑us/pay‑transparency