GFC Manager - Correspondent Banking

Bank of America; Charlotte (NC); On-site; USD 120,000 - 190,000; Full time

Job summary

Bank of America is seeking a GFC Manager to lead financial crimes policy and risk oversight for correspondent banking in Charlotte. You will collaborate with Front Line Units and Control Functions to ensure regulatory compliance, effective controls, and robust risk management across the organization.

The role requires strong AML knowledge, CBDD/KYC/KYCC experience, and the ability to communicate complex concepts to senior stakeholders.

Qualifications

• Minimum of seven years of relevant experience.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• Strong understanding of correspondent banking products and services, including nostro/vostro accounts and cross-border payment flows.
• Awareness of financial crime risks in correspondent banking such as money laundering and sanctions evasion.
• Ability to assess jurisdictional and counterparty risks, including high-risk geographies and PEPs.
• Familiarity with CBDD and KYC/KYCC principles and due diligence triggers.
• Understanding of transaction monitoring and screening controls for correspondent banking.
• Ability to communicate complex financial crime concepts to non-technical stakeholders.

Responsibilities

• Advises and directs the development and maintenance of financial crimes policies and standards.
• Produces and oversees independent financial crimes risk management reporting to GC&OR and FLU/CF leaders.
• Monitors regulatory changes and guides implementation of new requirements.
• Participates in industry forums to identify emerging risks and regulatory expectations.
• Escalates financial crime risks to governance routines and senior committees.
• Identifies, reports, and remediates financial crimes issues and control enhancements.
• Reviews internal and external loss events and supports remediation plans.

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

Education

Bachelor's Degree in related field

Certified Anti-Money Laundering Specialist (CAMS)

Job description

GFC Manager - Correspondent Banking

Charlotte, North Carolina

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!

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 role provides oversight and challenge of financial crimes risks in correspondent banking, helping ensure effective controls, regulatory compliance, and risk management across the organization.

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

Required qualifications

• Minimum of seven years of relevant experience
• Knowledge of anti-money laundering (AML) and related AML legislation
• Strong understanding of correspondent banking products and services, including nostro/vostro accounts, payable -through arrangements, and cross-border payment flows.
• Demonstrated awareness of financial crime risks inherent in correspondent banking, such as money laundering, terrorist financing, sanctions evasion, and nested relationships.
• Ability to identify and assess jurisdictional and counterparty risks, including exposure to high-risk geographies, PEPs, and shell banks.
• Practical knowledge of Correspondent Banking Due Diligence (CBDD), including KYC/KYCC principles, enhanced due diligence triggers, and periodic review processes.
• Familiarity with transaction monitoring and screening controls applicable to correspondent banking, and understanding of how alerts and typologies manifest in this space.
• Working knowledge of global regulatory frameworks and industry standards, including FATF Recommendations, Wolfsberg Group CBDDQ, and Basel Committee guidance.
• Conceptual understanding of how financial crime detection models operate-ability to interpret outputs, understand model limitations, and connect model behavior to business risk.
• Proven ability to work independently and collaboratively across business, compliance, and operations teams to assess and mitigate correspondent banking risks.
• Strong communication and analytical skills, with the capacity to explain complex financial crime concepts clearly to non-technical stakeholders.
• Conceptual understanding of transaction monitoring and screening

Desired qualifications

• Bachelor's Degree in related field
• Experience in financial services and/or a related government entity
• Certified Anti-Money Laundering Specialist (CAMS)

Skills

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Coaching
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

Shift

1st shift (United States of America)

Hours per week

40

Equal Employment Opportunity

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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