Global Financial Crimes Specialist

Bank of America; Atlanta (NY); On-site; USD 69,000 - 128,000; Full time

Benefits offered by this job

Annual bonus

Benefits eligible

Job summary

Bank of America seeks a Global Financial Crimes (GFC) Specialist within Institutional Surveillance to identify and mitigate financial crime risks across institutional clients and services. The team conducts manual surveillance, generates referrals to FCI, and collaborates with FIU, GCOR, Legal, and other partners to address emerging threats.

The role requires AML experience, knowledge of BSA/OFAC, and strong written analyses. It offers growth opportunities and competitive benefits.

Qualifications

• 3–5 years of Anti-Money Laundering experience in banking, law enforcement, intelligence, government or military
• Bachelor's degree or equivalent experience
• Understanding of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and related regulatory requirements
• Understanding of markets or institutional related products and services
• Demonstrated ability to produce clear, concise, and well-organized written analyses, including investigative summaries and executive-level communications
• Candidates will be required to complete a writing assessment demonstrating their ability to analyze information and prepare a clear, professional written summary
• Must be a self-motivated person who is comfortable working effectively with varying levels of guidance
• Proficient in Microsoft Office Products

Responsibilities

• Support the development and maintenance of financial crimes policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards
• Assist in the production of independent financial crimes risk management reporting
• Monitor changes in regulations applicable to Global Financial Crimes and advise business leaders accordingly
• Contribute to risk coverage plans
• Identify trends, anomalies or emerging risks
• Build and execute manual surveillance routines to address identified risks
• Execute independent risk monitoring, testing, and risk assessments
• Escalate financial crimes related risks to governance routines and committees
• Analyze and monitor institutional clients and related products to detect potential financial crime risks
• Generate case referrals to FCI
• Partner with FIU - Detection, FCI, GCOR, Legal, and other stakeholders to address threats
• Stay current on money laundering typologies and red flags

Skills

Critical Thinking

Monitoring Surveillance

Regulatory Compliance

Risk Management

Written Communications

Quick Learner

Education

Bachelor's degree

Tools

SQL

Python

Tableau

Microsoft Office

Job description

Job Description:

At the company, 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.

the company 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 the company, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This role is for a Global Financial Crimes (GFC) Specialist on the Institutional Surveillance team, which is part of the broader Financial Intelligence Unit (FIU) - Surveillance team. The Institutional Surveillance team is responsible for identifying and mitigating new and emerging financial crime and money laundering risks across institutional clients, products and services. The team uses research and data analytics to build and execute manual surveillance routines to detect potential suspicious activity and create referrals to Financial Crimes Investigations (FCI).

Responsibilities:

• Support the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Assist in the production of independent financial crimes risk management reporting
• Monitor changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
• Contribute to risk coverage plans
• Identify trends, anomalies or emerging risks
• Build and execute manual surveillance routines to address identified risks
• Execute independent risk monitoring, testing, and risk assessments
• Escalate financial crimes related risks and issues to appropriate governance routines and management/board level committees
• Analyze and monitor institutional clients and related products and services to detect potential financial crime risks
• Generates case referrals to FCI
• Partner and collaborate with FIU - Detection, FCI, GCOR, Legal, and other business partners and stakeholders to ensure complex and/or emerging threats are effectively addressed, including providing guidance on long-term model/automated detection solutions
• Stay current on money laundering typologies and trends, and their red flags

Required Qualifications:

• Minimum of 3-5 years of Anti-Money Laundering experience in banking, law enforcement, intelligence, government or military
• Degree required: Bachelor's or equivalent experience
• Understanding of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities
• Understanding of markets or institutional related products and services
• Demonstrated ability to produce clear, concise, and well-organized written analyses, including investigative summaries, white papers, and executive-level communications
• Candidates will be required to complete a writing assessment demonstrating their ability to analyze information and prepare a clear, professional written summary.
• Must be a self-motivated person who is comfortable working effectively with varying levels of guidance
• Proficient in Microsoft Office Products

Desired Qualifications:

• Law enforcement background or similar experience at a government agency
• Adept at SQL, Python, Tableau , or have a strong desire to learn
• Certified Anti-Money Laundering Specialist (CAMS)

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Quick Learner

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - the company TOWER (NY1100)

Pay and benefits information

Pay range

$68,500.00 - $128,300.00 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.