Global Financial Crimes Senior Investigator

Bank of America; Chicago (IL); On-site; USD 90,000 - 106,000; Full time

Job summary

An established industry player is seeking a dedicated investigator to enhance their financial crimes team. This role involves conducting thorough investigations into fraud, money laundering, and compliance risks, ensuring all findings are documented and communicated effectively. With a focus on quality assurance and regulatory compliance, you'll collaborate with various stakeholders to drive improvements in investigative processes. Join a company that values your contributions and offers a supportive environment for professional growth and development, while making a meaningful impact in the financial sector.

Benefits

Paid time off

Industry-leading benefits

Discretionary incentive eligibility

Resources and support for employee wellness

Qualifications

• Minimum 5 years of relevant experience in financial crimes investigations.
• Proficiency in AML typologies and risk assessment.

Responsibilities

• Conduct complex investigations into financial crimes activities.
• Review and analyze investigations to ensure quality metrics are met.
• Liaise with law enforcement and report findings to senior stakeholders.

Skills

Coaching

Fraud Management

Quality Assurance

Regulatory Compliance

Investigation Management

Policies, Procedures, and Guidelines Management

Risk Management

Issue Management

Reporting

Written Communications

Education

Bachelor's Degree in related field

Tools

Microsoft Excel

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 is core to how we drive Responsible Growth. This includes our commitment to being an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 performing end-to-end investigations or investigations support functions of external financial crimes activities across one or more lines of business. Key responsibilities include conducting routine to complex investigations, including fraud committed by external parties, money laundering, or terrorist financing and acting as the liaison to Law Enforcement as required. Job expectations include providing coaching and inputs to investigators to improve case quality, ensure all cases are sufficiently investigated and findings are adequately documented.

Responsibilities:

• Reviews, analyzes, and makes recommendations on investigations, while identifying enhancements to ensure cases meet or exceed closure and quality metrics
• Reviews Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement
• Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations
• Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role
• Supports the identification of improvements to the investigations and case assignment processes to enhance the effectiveness of investigative procedures
• Participates in the case assignment process to distribute work across the investigative team

Skills:

• Coaching
• Fraud Management
• Quality Assurance
• Regulatory Compliance
• Investigation Management
• Policies, Procedures, and Guidelines Management
• Risk Management
• Issue Management
• Reporting
• Written Communications

Preferred Technical Skills:

• Risk Identification & Assessment
• Line of Business (LoB) Products, Services & Acumen
• Risk Governance & Reporting
• Financial Crimes Risk Programs
• Enhanced Due Diligence
• Customer Due Diligence
• Regulatory Knowledge
• Case Investigations & Resolution
• High Risk Activities & Typologies

Required Qualifications:

• Minimum 5 years of relevant experience, including investment experience/work and/or strong knowledge of investments/securities products and services
• Prior anti-money laundering / financial crimes investigation experience in a financial institution or government position
• 1+ years of AML/Compliance experience and or knowledge of AML typologies/risk
• Proficiency in Microsoft Excel is needed

Desired Qualifications:

• Bachelor's Degree in related field
• Experience in financial services and/or a related government entity
• Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists
• For those supporting the Broker Dealer businesses, FINRA Series 7 and/or Series 24 license and additional Principal Licenses are preferred

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540) Pay and benefits information Pay range $90,000.00 - $105,700.00 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.