Global Financial Crimes Manager

Bank of America; Charlotte (NC); On-site; USD 103,000 - 166,000; Full time

Job summary

An established industry player is seeking a Global Financial Crimes Manager to enhance compliance and operational risk management. This role involves developing policies, conducting risk assessments, and ensuring adherence to regulatory standards. You'll collaborate with executives to mitigate risks and contribute to a diverse and inclusive workplace. If you have a strong background in financial crimes and a passion for making a difference, this opportunity is perfect for you. Join a team that prioritizes growth and supports your professional journey in a dynamic environment.

Benefits

Industry-leading benefits

Access to paid time off

Annual discretionary award

Support for employee wellness

Qualifications

• Minimum of seven years of relevant experience in financial crimes.
• 5+ years of relevant experience in data science and AML knowledge.

Responsibilities

• Advises on financial crimes policies and standards.
• Monitors regulatory changes and escalates compliance risks.

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

Talent Development

Education

Bachelor’s Degree in a related field

Tools

Microsoft Office Products

THOR

BaseView

Job description

Global Financial Crimes Manager page is loaded

Global Financial Crimes Manager

Apply locations: Charlotte, Phoenix, Chicago, Jacksonville

Time type: Full time

Posted on: Posted 5 Days Ago

Job requisition id: 24048931

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 a diverse and 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.

The Global Financial Crimes Manager assists Global Financial Crimes executives and managers in identification, escalation, and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance Enterprise Policies (GC Policy), and the Enterprise Fraud Risk Management Policy.

The Global Financial Crimes Data Manager assists Global Financial Crimes executives and managers in the following activities:

1. Create and maintain a regulatory inventory.
2. Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.
3. Conduct risk assessments, scenario analysis, and ops loss analysis.
4. Contribute to monitoring and testing coverage plans and related metrics.
5. Contribute to the identification, collection, validation, and recording of internal loss events and “near misses.”
6. Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.
7. Contribute to identification, review, and documentation of relevant external loss events.
8. Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.
9. Execute governance and management routines.
10. Identify, report, and escalate compliance and operational risks, issues, and control enhancements.
11. Identify compliance and operational risk training needs and inspect Front Line Unit (FLU), Control Function (CF), and third-party participation for Financial Crimes.
12. Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.
13. Inspect that commitments made regarding actions in response to Matters Requiring Attention (MRAs) and other actions are completed.
14. Escalate regulatory relations concerns to GFC Compliance Manager or Executive.

Responsibilities:

• Advises and directs the development and maintenance of financial crimes owned policies and standards.
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders.
• Monitors changes in regulations applicable to Global Financial Crimes.
• Participates in industry forums and monitors regulatory expectations.
• Escalates financial crimes-related compliance and operational risks to appropriate governance routines.
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation of FLU/CF-owned issues related to financial crimes.
• Reviews and challenges internal and external operational loss events.

Required Qualifications:

• Minimum of seven years of relevant experience.
• 5+ years of relevant experience in data science.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• Self-motivated worker who is comfortable and effective working with varying levels of guidance.
• Proficient in Microsoft Office Products including advanced knowledge of Excel.
• Experience with proprietary BofA ADS environments, such as THOR and BaseView.

Desired Qualifications:

• Bachelor’s Degree in a 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
• Talent Development

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details:

Pay range: $103,000.00 - $165,300.00 annualized salary, offers to be determined based on experience, education, and skill set.

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.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources, and support to our employees.