GFC Support Specialist

Bank of America • Chicago, IL

67d • $68,500 - $115,000

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 supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices.

Requirements

• Minimum 5 years of relevant experience in financial crimes investigations, business controls, business support, or project management.
• Strong knowledge & understanding of the financial crimes investigations process.
• Process Design experience.
• Project Management experience.
• Bachelor’s Degree or equivalent work experience.

Nice To Haves

• Excellent Microsoft Office skills, specifically PowerPoint and Word, SharePoint, Visio and Excel.
• Strong analytical, critical thinking and organizational skills with a focus on attention to detail and dedication to flawless work product.
• Strong problem solving, conceptual thinking and sense of urgency.
• Excellent teamwork, ability to communicate professionally and ability to build relationships across multiple businesses and/or business partners.
• Excellent written / verbal communication skills and executive presence.
• Extremely organized/excellent time management skills with proven ability to simultaneously manage a variety of business functions, adapt to changing business needs and multi-task/prioritize in a fast-paced environment.
• Proven ability to develop executive ready communications and presentations that synthesize data and tell the story.
• Self-starter, high energy, and detail oriented; ability to work well independently with minimal supervision and collaborate with a team.
• Experience communicating effectively and influencing others.
• Detail oriented, capable of managing to deadlines, while handling multiple tasks simultaneously.
• Demonstrated ability to balance risk / reward in the decision-making process.
• Financial Services and/or related government entity.

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.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support to employees.
• Commitment to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

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