GFC Specialist

Bank of America • Charlotte, NC

1d • Onsite

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! Job Description: This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards. The Global Financial Crimes (“GFC”) Project Specialist/Project Manager provides performance management support for GFC Investigations. This job is responsible for supporting centralized support across GFC which could include vendor management, procedures management, process management and governance / oversight management. Works closely with the GFC Manager and or business champions. The GFC Specialist/Project Manager is responsible for supporting enablement and change related programs that drive high-impact process improvement across GFC and beyond. Fosters a continuous improvement mindset by enhancing project/process management skills & capabilities. Job functions include: Responsible for planning, organizing, monitoring and controlling projects using appropriate tools and techniques to ensure efficient and effective project completion. Manages design or redesign of processes or projects using Six Sigma methodologies. Integrates best practices with process design to ensure continuous process improvement. Builds action plans and drives execution. Effectively communicates with leaders, managers, peers and business partners on deliverables, timelines and support needed. Executes defined project tasks through tracking of deliverables and their statuses, developing project plans, and measuring progress against ongoing key performance indicators. Leads and plans projects using appropriate tools and techniques, including Technology platforms used by client facing employees, change management tools, and risk and issue management tools to ensure efficient and effective project completion. Reports on an overall integrated delivery plan, raising any risks, developing a mitigation plan, and escalating issues appropriately to respective stakeholders. Enthusiastic, energetic, determined, and positive work ethic.

Requirements

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Coaching
• Reporting
• Talent Development
• 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
• 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
• Highly organized and able to effectively multi-task
• Proficient Microsoft Office products (Word, Excel, PowerPoint, Visio)
• Proficient using Change Mgmt technologies
• Comfortable navigating through difficult, complex, or ambiguous situations

Nice To Haves

• Tableau and SharePoint design skills
• ACAMS – Association of Certified Anti-Money Laundering Specialist
• Green Belt or Black Belt certified

Responsibilities

• Supports 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
• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Assists in the monitoring of 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
• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments
• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Assists in the review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees