Global Financial Crimes Manager

Bank of America; Pennington (NJ); On-site; USD 140,000 - 190,000; Full time

Job summary

Bank of America in Pennington, NJ is seeking an experienced AML/Compliance professional to lead the design and execution of the firm's risk assessment programs. You will collaborate with internal stakeholders, monitor regulatory changes, and oversee risk analyses to mitigate financial crime exposure.

The role emphasizes building strong relationships with auditors and regulators, translating complex data into actionable insights, and guiding teams through process improvements while ensuring

Qualifications

• 7+ years of AML/Sanctions risk assessments experience.
• Ability to work in a fast-paced environment.
• Ability to exercise sound judgment in data analysis and validation.
• Self-motivated with varying levels of guidance.
• Excellent verbal and written communication skills.
• Intermediate or better knowledge of Microsoft Office (Excel/Word).
• Relationship-building skills.

Responsibilities

• Design, implement, and maintain AML/Economic Sanctions risk assessment methodology aligned with industry best practices and regulatory expectations.
• Coordinate with internal stakeholders to enhance risk assessment work products (questionnaires, reports, presentations).
• Analyze risk and control data to draft comprehensive reports detailing financial crime risks.
• Identify and improve procedures to ensure compliance with policy, laws and regulations, and industry best practices.
• Oversee process design and execution including detailed project plans and process maps.
• Manage regulatory examinations, internal audits, and control testing for efficient reviews.
• Monitor changes in AML/Economic Sanctions requirements and implement necessary changes.
• Build and maintain relationships with internal units, external auditors and regulators.

Skills

Critical Thinking

Regulatory Compliance

Risk Management

Written Communications

Monitoring, Surveillance, and Testing

Coaching

Issue Management

Policies, Procedures, and Guidelines M

Strategy Planning and Development

External Resource Management

Reporting

Talent Development

Education

Bachelor's degree

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.

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!

This job is responsible for supporting compliance with substantive Anti-Money Laundering (AML) and Economic Sanctions compliance and operational risk practices. Key responsibilities include developing, implementing, and maintaining a comprehensive AML and Economic Sanctions risk assessment program, ensuring proactive identification, mitigation, and communication of potential risks and the quality of risk management efforts.

Responsibilities

• Contribute to the design, implementation and maintenance of a robust and comprehensive AML and economic sanctions risk assessment methodology aligned with industry best practices, regulatory expectations, and the company's risk appetite. This includes conducting regular risk assessments, performing data analysis, analyzing results, identifying potential vulnerabilities, and assisting, when appropriate, in the development of mitigating strategies.
• Coordinate with internal stakeholders to enhance existing financial crimes risk assessment work products such as questionnaires/surveys, reports, and presentations
• Analyze risk and control data to draft comprehensive reports detailing risks of financial crimes activities
• Identify and enhance existing procedures and processes to ensure compliance with Bank of America policy, applicable financial crimes laws and regulations, regulatory guidance and compliance, and industry best practices
• Oversee process design and execution including designing and maintaining detailed project plans and process maps.
• Manage, coordinate, track regulatory examinations, internal audit and control testing to ensure reviews are conducted efficiently.
• Proactively monitor and analyze changes in AML/Economic Sanctions requirements, assess impact on the organization, and implement necessary changes to ensure ongoing compliance. This includes staying abreast of emerging threats and the trends in regulatory and financial crime.
• Build and maintain strong relationships with internal business units, external auditors and regulatory agencies.

Required Qualifications

• 7+ years of experience with Anti Money Laundering (AML)/Sanctions risk assessments or similar experience
• Ability to work in a fast-paced environment
• Ability to exercise sound judgment in the decision-making process when analyzing data to verify and validate requirements
• Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance
• Excellent verbal and written communication skills
• Intermediate or better knowledge of Microsoft Office products (specifically Excel and Word)
• Relationship building skills

Desired Qualifications

• Bachelor’s degree
• Compliance/operational risk experience
• Process/workflow design
• Strong organizational skills with the ability to prioritize multiple tasks
• Detail oriented

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