GFC Project Manager

Bank of America • Chicago, IL

64d • $105,000 - $170,000

About The Position

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! This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements. The Global Financial Crimes (“GFC”) Manager provides performance support coverage for GFC Investigations. The activities include the oversight and adherence to the GFC policy with a focus on quality control monitoring and inspection, investigation procedures, governance and oversight, project management, business support, vendor management and onboarding and operational excellence. Ensures full integration of process and linkage to best practices. Works closely with the GFC stakeholders. The GFC Manager ensures consistent quality of support activities, processes, and outputs by reinforcing effective review practices across the team.

Requirements

• 5 or more years of Financial Crimes and/or experience managing formal projects (relevant project management/change management work experience).
• Experience with and strong knowledge of business process management methodology.
• Experience with Enterprise Change Policy and Standards, Agile and Release Management.
• Strong and effective communication and presentations skills, verbal and written.
• Ability to solve complex problems through root cause analysis, management by fact and collaboration across wide constituency.
• Solutions oriented - utilize critical thinking skills / business acumen and resources to make sound business decisions and reduce risk.
• Ability to work in a fast-paced environment; often with a high degree of ambiguity and prioritizing manage multiple priorities.
• Comfortable navigating through difficult and complex situations.
• Highly organized and able to effectively multi-task.
• Proficient Microsoft Office products (Word, Excel, PowerPoint, Visio).
• Proficient using Change Mgmt technologies (PPRT, Jira, GCPAR, etc).

Nice To Haves

• Bachelor’s Degree in related field.
• Experience in financial services and/or a related government entity.
• Certified Anti-Money Laundering Specialist (CAMS).
• Green Belt or Black Belt certified.
• Tableau and SharePoint design skills.

Responsibilities

• Advises and directs 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.
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders.
• Monitors the 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.
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks.
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support to employees.
• Discretionary incentive eligible.
• Annual discretionary award based on performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree