Financial Crimes Investigations Risk Lead

Bank of America; Dallas (TX); On-site; USD 140,000 - 190,000; Full time

Job summary

Bank of America is seeking a GFC Investigations Risk Manager to lead end-to-end financial crime investigations and risk management efforts. You will work with Front Line Units and Control Functions to ensure regulatory compliance, policy adherence, and robust remediation of issues.

You will identify emerging risks, drive process improvements, and provide expert guidance to senior leaders to strengthen controls and investigative outcomes across the organization.

Qualifications

• Minimum seven years of experience in Financial Crimes or related field.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• Strong knowledge of business process management methodology.
• Excellent verbal and written communication and presentation skills.
• Proven ability to conduct root cause analysis and solve complex problems collaboratively.
• Solutions-oriented mindset with strong critical thinking and business acumen.
• Ability to thrive in a fast-paced, ambiguous environment and manage multiple priorities effectively.
• Highly organized with strong multi-tasking capabilities.
• Ability to analyze complex data and recommend outcomes.
• Strong understand Enterprise Change Policy and Standards.
• Process map and journey development and design skills - intermediate.
• Solutions oriented - utilize critical thinking skills / business acumen and resources to make sound business decisions and reduce risk.
• Ability to work in a fast-paced environment; often with a high degree of ambiguity and prioritizing manage multiple priorities.
• Highly organized and able to effectively multi-task.

Responsibilities

• Advise and direct development and maintenance of financial crimes 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
• Identify, assess, and monitor emerging risks within financial crimes investigations.
• Conduct end-to-end process analysis to uncover inefficiencies and recommend improvements that enhance investigative outcomes.
• Lead initiatives to reduce non-value-added processes and create robust, high-value investigation outcomes.
• Develop and implement risk-based internal controls to prevent, detect, and report financial crimes.
• Evaluate the effectiveness of internal controls and identify gaps or weaknesses.
• Provide subject matter expertise to support the development of regulatory changes.
• Monitor regulatory changes and advise business leaders on implications; ensure timely updates to policies, standards, and procedures.
• Escalate financial crimes-related compliance and operational risks to appropriate governance bodies.
• Oversee remediation of financial crimes-related compliance and operational risk issues.
• Design and monitor key risk and control performance metrics; report on performance and breach remediation.
• Analyze investigation performance data and trends to provide actionable feedback and foster an inclusive team environment.

Skills

Critical Thinking

Regulatory Compliance

Risk Management

Written Communications

Project Management

Data Analysis

Monitoring, Surveillance, and Testing

Education

Bachelor's Degree in related field

Certified Anti-Money Laundering Specialist (CAMS)

Tools

SharePoint

Tableau

Investigations applications

Job description

Bank of America is seeking a GFC Investigations Risk Manager to lead end-to-end financial crime investigations and risk management efforts. You will work with Front Line Units and Control Functions to ensure regulatory compliance, policy adherence, and robust remediation of issues.

You will identify emerging risks, drive process improvements, and provide expert guidance to senior leaders to strengthen controls and investigative outcomes across the organization.