GFC Manager

Bank of America

Plano (TX)

On-site

USD 120,000 - 180,000

Full time

3 days ago

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Job summary

Bank of America in Plano, TX seeks an experienced GFC Investigations Risk Manager to lead a team focused on money laundering, sanctions and fraud compliance. You will guide policy development, oversee risk reporting, monitor regulatory changes, and drive process improvements across end-to-end investigations.

Ideal candidates bring 7+ years in financial crimes, AML knowledge, and strong analytics, communication, and project-management skills to strengthen controls and governance in a large

Qualifications

Minimum seven years of experience in Financial Crimes or related field.
Knowledge of AML legislation and related regulatory requirements.
Strong business process management methodology understanding.
Excellent verbal and written communication and presentation skills.
Ability to perform root cause analysis and solve complex problems.
Solutions-oriented mindset with strong critical thinking and business acumen.
Ability to thrive in a fast-paced, ambiguous environment with multiple priorities.
Highly organized with strong multi-tasking capabilities.
Understanding of Enterprise Change Policy and Standards.
Process map and journey design skills – intermediate.

Responsibilities

Advise and direct development and maintenance of financial crimes policies and standards.
Produce or oversee risk management reporting to GC&OR and senior leaders.
Monitor regulatory changes and direct policy updates across the organization.
Identify and mitigate emerging risks in financial crimes investigations.
Conduct end-to-end process analyses to uncover inefficiencies and improve outcomes.
Lead initiatives to reduce non-value-added processes and improve investigation quality.
Develop and implement risk-based internal controls to prevent, detect, and report financial crimes.
Evaluate internal controls, identify gaps, and support remediation.
Provide SME input for regulatory changes and governance reporting.

Skills

AML knowledge

Regulatory compliance

Risk analysis

Communication

Process mapping

Project management

Data analysis

Problem solving

Stakeholder management

Education

Bachelor's Degree in related field

Tools

SharePoint

Tableau

Investigations applications

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!

Job Description

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

The GFC Investigations Risk Manager plays a critical role in identifying emerging risks within financial crimes investigations, assessing and recommending process improvement opportunities, and driving optimal execution across end-to-end investigative processes. This role ensures the consistent quality of support activities, processes, and outputs by reinforcing effective review practices and promoting a culture of continuous improvement. The Manager also serves as a subject matter expert, influencing decision-making and strategic direction to reduce risk and create robust, high-value investigative outcomes.

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
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.

Required 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.