GFC Investigator (Brokerage - AML)

Bank of America; United States; On-site; USD 69,000 - 102,000; Full time

Benefits offered by this job

Industry-leading benefits

Paid time off

Discretionary bonus program

Job summary

Bank of America is seeking a Global Financial Crimes Compliance Investigator to perform end-to-end investigations across lines of business, focusing on Special Investigations, Global Markets, or Global Wealth and Investment Management. You will conduct complex investigations, report findings to stakeholders, and prepare SARs for regulators.

The role collaborates with GFCC Risk Management and front line units.

Qualifications

• Minimum of five years of relevant experience.
• Understanding of Retail Brokerage Products and services.
• FINRA licenses or equivalent experience (Series 7/6) and related compliance knowledge.

Responsibilities

• Completes investigations while overseeing cases meeting closure and quality metrics.
• Submits SARs to regulators and law enforcement in a timely, accurate manner.
• Reports investigation facts to senior stakeholders and identifies risks with GFCC/FLU.
• Performs quality control, training, guidance, and liaison with law enforcement as needed.

Skills

Fraud risk management

Regulatory compliance

Data analysis

Investigation management

Written communication

Critical thinking

Education

Bachelor's degree in related field

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 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! The Global Financial Crimes Compliance (GFCC) Investigator performs end-to-end investigations across one or more lines of business relevant to the Investigators specific area of responsibility, specifically focused on Special Investigations, Global Markets, or Global Wealth and Investment Management. In the investigative role, the Investigator conducts complex investigations, including fraud committed by external parties, securities fraud, money laundering, or terrorist financing. Responsibilities for this role include completing investigations while ensuring cases meet or exceed closure and quality metrics, reporting facts of the investigation to assist in identifying potential operational or compliance risks, and completing Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement. This role may partner with GFCC Risk Management, front line units or other stakeholders to resolve investigations. This role ultimately reports to investigations teams responsible for coverage over Special Investigations, Global Markets, or Global Wealth and Investment Management

Responsibilities:

• Completes investigations while overseeing cases meet or exceed closure and quality metrics
• Completes Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement
• Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations
• Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role

Required Qualifications:

• Minimum of five years of relevant experience
• Understanding of Retail Brokerage Products, Clients, and Services, such as Equities, Fixed Income Products, Structured Investments, Securitized Products, Mutual Funds, and entity structures, such as Personal Holding Companies, Retirement and Trust Accounts
• FINRA Securities Essential Exam/ FINRA Series 7, Series 6 or relevant experience in the areas of back office operations, Margin, ACAT Transfer Suspicious Activity Reporting (SAR) Stakeholder Management (FLU, Business Controls, Risk) Understanding of Rules, Regulations, and Compliance (FINRA/SEC)

Desired Qualifications:

• Bachelor's Degree in related field
• Experience in financial services and/or a related government entity
• Certified Anti-Money Laundering Specialist (CAMS)
• Data Management, Review, and Analysis
• FINRA Services Principal Licensure (Series 4, 24, 53,9/10)
• Certified Anti-Money Laundering Specialist (CAMS)
• Knowledge of Alternative Investments ( Private Equity, Venture Capital, etc.)
• Familiarity with Discretionary Trading Products

Skills:

• Fraud Management Policies, Procedures, and Guidelines
• Management Reporting
• Risk Management
• Coaching
• Issue Management
• Talent Development
• Critical Thinking
• Written Communications
• Data Analysis
• Regulatory Compliance
• Investigation Management
• Technical Skills: AML Regulatory Knowledge Case Investigation & Resolution Customer Due Diligence Enhanced Due Diligence Financial Crimes Risk Programs High Risk Activities & Typologies Products, Services and Acumen- Global Financial Crimes Risk Identification & Assessment Risk Governance & Reporting

Shift: 1st shift (United States of America) Hours Per Week: 40

Pay Transparency details

US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600)

Pay and benefits information

Pay range $68,500.00 - $102,000.00 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-faceted 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.

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.

Our Values

Learn about our four values that represent what we believe.

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