GFC Manager - Fraud/Data Analytics

Bank of America•Fort Worth, TX

6d•Onsite

About The Position

At Bank of America, the GFC Manager - Fraud/Data Analytics executes substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. The role works directly or through compliance officers for Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, and operational/fraud risk management requirements. The team owns production for EFRC and EFRA (Global Financial Crimes Risk Manager Enterprise Fraud Risk Assessment & Analytics / Committee) and performs data analytics and assessments for the entirety of the Global Financial Crimes organization. Bank of America describes its culture as focused on Responsible Growth, inclusion, collaboration, engagement, and career development. The company is committed to an in-office culture, with flexibility based on role-specific responsibilities and business needs.

Requirements

Minimum 7 years of relevant experience in Risk Management, Fraud, or Data Analytics.
Minimum 3 years of technical skills, specifically using SQL or SAS for data analytics and Tableau for visualization.
Proven ability to interact with senior leadership and build effective relationships and partnerships across the enterprise.
Knowledge of anti-money laundering (AML) and related AML legislation.

Nice To Haves

Bachelor’s degree in a related field.
Experience in financial services and/or a related government entity.
Certified Anti-Money Laundering Specialist (CAMS).
Preferred technical skills: Risk Identification & Assessment; Issues Management & Resolution; Line of Business products, services, and acumen; Risk Governance & Reporting; Financial Crimes Risk Programs; Data Analysis, Interpretation & Decisioning; Data Risk Principles; Risk Monitoring & Testing.

Responsibilities

Advise and direct the development and maintenance of financial-crimes-owned policies and standards, and review relevant FLU/CF-owned policies and standards to ensure regulatory requirements and operational risks are appropriately addressed.
Produce and/or oversee independent financial crimes risk management reporting to GC&OR senior leaders and FLU/CF senior leaders.
Monitor changes in regulations applicable to Global Financial Crimes; advise business leaders; direct appropriate areas to implement or amend policies, standards, procedures, and/or processes; and challenge implementation plans as needed.
Participate in industry forums and monitor regulatory expectations, emerging legislation and regulation, political scrutiny, litigation, and key influencers to identify and mitigate emerging risks.
Escalate financial-crimes-related compliance and operational risks and issues to appropriate governance routines and management- or board-level committees.
Identify, aggregate, report, escalate, inspect, and challenge remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
Review and challenge internal and external operational loss events, including developing remediation plans to strengthen controls and overseeing appropriate resolution.