GFC Manager, Global Markets & GWM

Bank of America; New York (NY); On-site; USD 105,000 - 174,000; Full time

Job summary

Bank of America is seeking an experienced professional to support the Global Financial Crimes and risk management programs within its U.S. operations.

The role emphasizes AML, regulatory compliance, and operational risk management across front-line units, with a focus on identifying, escalating, and mitigating financial crimes risks. You will contribute to control improvements, coordinate with GCOR, FLUs, and auditors, and stay abreast of evolving regulatory expectations and industry standards.

Qualifications

• Minimum of seven years of relevant experience in the financial services industry, preferably with broker dealer experience.
• 5+ years of experience in AML, compliance, audit, risk management, or process/controls-related functions
• Experience with data acquisition and analytics in a finance environment
• Knowledge of AML legislation and related regulations
• Understanding of Global Wealth Management and/or Global Markets operations
• Self-motivated with ability to manage competing priorities

Responsibilities

• Lead discussions with FLUs, Control Functions, GCOR, and GFC partners to assess processes, controls, client behavior, and regulatory developments.
• Review FLU- and CF policies to ensure regulatory requirements and risks are addressed.
• Contribute to the GFC Coverage Plan with key risks and priorities.
• Produce and oversee financial crimes risk reporting for GCOR and FLU leadership.
• Monitor regulatory developments affecting broker-dealer activities and advise leadership.
• Design and execute monitoring, testing, risk assessments, and reviews for control weaknesses.
• Perform independent review of SPI and monitor remediation.
• Partner with Audit and Regulators by responding to inquiries and examinations.
• Participate in industry forums to identify evolving risk trends.
• Identify and monitor remediation of financial crimes risks through governance routines.
• Aggregate and analyze risk themes to support control improvements.

Skills

Critical Thinking

Monitoring

Regulatory Compliance

Risk Management

Coaching

Issue Management

Policies, Procedures, and Guidelines

Strategy Planning

Written Communications

Reporting

Talent Development

Education

Bachelor's Degree

ACAMS certification preferred

FINRA Series 7 and/or Series 24 license preferred

Tools

ACAMS

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 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 supporting the execution of substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes (GFC) executives and managers in identifying, escalating, and mitigating compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance Enterprise Policy and Global Standard, and the Enterprise Fraud Risk Management Standards.

This individual contributor role supports oversight of the Company’s Global Financial Crimes Program for Global Wealth Management, Global Markets, Wealth Management Operations, and Global Markets Operations (collectively, the Front Line Units) in compliance with applicable Bank Secrecy Act/Anti‑Money Laundering (BSA/AML) laws, rules, and regulations.

The role requires strong risk management discipline, data management and analysis competency, experience with operational risk processes and ability to identify and assess inherent financial crimes risk and controls. Success in the role requires strong communication and influencing skills to strengthen FLU controls and enhance the Company’s ability to detect and prevent suspicious activity.

Responsibilities:

• Lead discussions with FLUs, Control Functions (CFs), Global Compliance and Operational Risk (GCOR), and Global Financial Crimes (GFC) partners to assess business processes, internal controls, client behavior, transaction activity, regulatory developments, and emerging financial crimes risks.
• Review FLU- and CF policies and standards to ensure regulatory requirements and operational risks are appropriately addressed.
• Contribute to the development and execution of the GFC Coverage Plan, including the identification of key risks and coverage priorities.
• Produce and oversee financial crimes risk reporting for GCOR and FLU leadership.
• Monitor financial crimes regulatory developments with a focus on broker‑dealer activities, and advise senior leaders on emerging requirements and risks.
• Design and execute monitoring, testing, risk assessments, and reviews to identify control weaknesses and emerging financial crimes risks.
• Perform independent review and challenge of the Single Process Inventory (SPI) and monitor the resolution of identified challenges and issues.
• Partner with Audit and Regulators by responding to inquiries, and participating in examinations and regulatory reviews.
• Participate in industry forums and monitor regulatory expectations, emerging legislation, litigation, and external risk trends to identify and mitigate developing risks.
• Identify, escape, challenge, and monitor the remediation of financial crimes compliance and operational risks through appropriate governance routines and management‑and board‑level committees.
• Aggregate and analyze financial crimes risk themes, control enhancements, and issue remediation efforts to support continuous improvement of the control environment.

Required Qualifications:

• Minimum of seven years of relevant experience in the financial services industry, preferably with broker dealer experience
• 5+ years of experience in anti-money laundering (AML), compliance, audit, risk management, or process/ controls-related functions
• Experience with data acquisition and analytics at Bank of America
• Knowledge of anti-money laundering (AML) and related AML legislation
• Understanding of Global Wealth Management and/or Global Markets operations, including operational processes and transaction flows.
• Self‑motivated with the ability to manage competing priorities independently.

Desired Qualifications:

• Bachelor’s Degree in related field
• Experience within the financial services industry and/or a related government entity.
• Strong communication, project management, and stakeholder management skills.
• Proven ability to influence stakeholders and drive change across both strategic and tactical initiatives.
• Proficiency in Microsoft Office products, including advanced Excel skills.
• ACAMS (Association of Certified Anti‑Money Laundering Specialists) certification preferred.
• FINRA Series 7 and/or Series 24 license preferred.

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
• Reporting
• Talent Development

Preferred Technical Skills

• Risk Identification & Assessment
• Issues Management & Resolution
• Global Wealth Management and Global Markets Products, Services & Acumen
• Financial Crimes Risk Programs
• Customer Due Diligence
• Credible Challenge
• Regulatory Knowledge
• High‑Risk Activities & Typologies
• Financial Crimes Compliance Risk Principles

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$105,000.00 - $173,900.00 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.