Global Financial Crimes & Compliance Risk Specialist

Bank of America; Phoenix (AZ); On-site; USD 120,000 - 140,000; Full time

Job summary

Bank of America is seeking a seasoned Compliance professional to support money laundering, sanctions and fraud compliance and related risk management practices. The role involves assisting executives and managers with identification, escalation and timely mitigation of regulatory and operational risks in line with CORM and Enterprise policies.

The incumbent will help develop policies, monitor regulatory changes, and produce risk reporting for senior leaders, contributing to effective risk

Qualifications

• Minimum 5 years of business and functional experience.
• Bachelor’s degree or equivalent experience required.

Responsibilities

• Supports development and maintenance of financial crimes policies and standards.
• Produces independent financial crimes risk management reporting to GC&OR and FLU/CF Senior Leaders.
• Monitors regulatory changes for Global Financial Crimes and advises on policy/standards updates.
• Contributes to risk coverage plans and executes risk monitoring, testing, and risk assessments.
• Supports escalation of financial crimes related risks to governance routines and committees.
• Assists in remediation and thematic analysis of FLU/CF-owned issues and control enhancements.
• Reviews internal and external operational loss events and develops remediation plans.

Skills

Critical Thinking

Monitoring

Surveillance

Testing

Regulatory Compliance

Risk Management

Issue Management

Policies Procedures Guidelines

Written Communications

Coaching

Reporting

Talent Development

Education

Bachelor's degree

Job description

Bank of America is seeking a seasoned Compliance professional to support money laundering, sanctions and fraud compliance and related risk management practices. The role involves assisting executives and managers with identification, escalation and timely mitigation of regulatory and operational risks in line with CORM and Enterprise policies.

The incumbent will help develop policies, monitor regulatory changes, and produce risk reporting for senior leaders, contributing to effective risk