Financial Crimes Compliance Risk Manager

Bank of America; Newark (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking an experienced financial crimes and compliance professional in the United States. The role focuses on executing substantive AML, sanctions and fraud compliance and operational risk practices within Front Line Units and Control Functions.

You will advise on policies, coordinate risk reporting to GC&OR and senior leaders, and monitor regulatory changes to ensure robust controls. Strong communication and leadership are essential for success in this role.

Qualifications

• Minimum of seven years of relevant experience.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• Bachelor’s Degree in related field.
• Experience in financial services and/or a related government entity.
• Certified Anti-Money Laundering Specialist (CAMS).

Responsibilities

• Advises and directs 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
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Monitors the 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
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Skills

Critical Thinking

Monitoring, Surveillance, and Testing

Regulatory Compliance

Risk Management

Coaching

Issue Management

Policies, Procedures, and Guidelines  

Strategy Planning and Development

Written Communications

External Resource Management

Reporting

Talent Development

Education

Bachelor’s Degree in related field

CAMS

Job description

Bank of America is seeking an experienced financial crimes and compliance professional in the United States. The role focuses on executing substantive AML, sanctions and fraud compliance and operational risk practices within Front Line Units and Control Functions.

You will advise on policies, coordinate risk reporting to GC&OR and senior leaders, and monitor regulatory changes to ensure robust controls. Strong communication and leadership are essential for success in this role.