Global Financial Crimes Compliance Lead

Bank of America; Newark (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking a senior compliance professional to execute substantive money laundering, sanctions and fraud compliance and operational risk practices. The role collaborates with Front Line Units and Control Functions to ensure regulatory and operational risk requirements are addressed with appropriate controls.

The position involves directing policy development, risk reporting, regulatory monitoring, and remediation oversight, potentially overseeing associates.

Qualifications

• Minimum of seven years of relevant experience.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• Bachelor’s Degree in related field and/or CAMS certification are preferred.
• Experience in financial services or related government entities is desirable.

Responsibilities

• Advices and directs the development and maintenance of financial crimes policies and standards.
• Produces or oversees financial crimes risk management reporting to GC&OR and senior leaders.
• Monitors regulatory changes and guides implementation of compliant controls.
• Participates in industry forums to identify and mitigate emerging risks.
• Escalates financial crimes related risks to governance routines and committees.
• Identifies and reports remediation and thematic analysis of issues and control enhancements.
• Reviews internal/external loss events and develops remediation plans.

Skills

Critical Thinking

Monitoring & Testing

Regulatory Compliance

Risk Management

Coaching & Mentoring

Issue Management

Policies & Guidelines

Strategy Planning

Written Communications

External Resource Management

Reporting

Talent Development

Education

Bachelor’s Degree in related field

CAMS Certification

Job description

Bank of America is seeking a senior compliance professional to execute substantive money laundering, sanctions and fraud compliance and operational risk practices. The role collaborates with Front Line Units and Control Functions to ensure regulatory and operational risk requirements are addressed with appropriate controls.

The position involves directing policy development, risk reporting, regulatory monitoring, and remediation oversight, potentially overseeing associates.