Global Financial Crimes Investigations Manager

Bank of America • Richmond, VA

23h • $105,000 - $173,900 • Onsite

About The Position

At Bank of America, this role executes substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. It works directly or through compliance officers for Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational risk, and fraud risk management requirements. The role may also manage associates and carries responsibilities for inclusion, process and data management, enterprise communication, risk management, coaching, financial stewardship, talent development, and delivery of business outcomes.

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 role-specific flexibility based on responsibilities and business needs. The position is based at the Villa Park Operations Center in Richmond, Virginia. It is a first-shift role scheduled for 40 hours per week.

Requirements

• At least seven years of relevant experience.
• 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).
• Skills in critical thinking; monitoring, surveillance, and testing; regulatory compliance; risk management; coaching; issue management; policies, procedures, and guidelines; management strategy planning and development; written communications; external resource management; reporting; and talent development.

Responsibilities

• Advise and direct 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 addressed.
• Produce or oversee independent financial crimes risk management reporting to GC&OR senior leaders and FLU/CF senior leaders.
• Monitor regulatory changes applicable to Global Financial Crimes; advise business leaders, direct relevant areas to implement or amend policies, standards, procedures, 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 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 financial-crimes-related control enhancements.
• Review and challenge internal and external operational loss events, develop remediation plans to strengthen controls, and oversee appropriate resolution.
• Model an inclusive environment for employees and clients aligned with company Great Place to Work goals.
• Demonstrate process knowledge, operational excellence, innovation, simplicity, data-based decision making, and continuous improvement.
• Communicate enterprise decisions, purpose, and results, and connect them to team strategy, priorities, and contributions.
• Ensure risk discipline, controls, and culture are in place to identify, escalate, and debate issues.
• Coach and provide inspection and feedback to motivate, differentiate, and improve employee performance.
• Manage expenses and budgets in alignment with objectives and make sound financial decisions.
• Assess talent and build bench strength for roles across the organization.
• Deliver business outcomes by prioritizing, inspecting, and appropriately delegating team work.

Benefits

• Benefits eligibility.
• Access to paid time off.
• Resources and support for employees.
• Annual discretionary incentive plan eligibility; awards are based on individual performance and behaviors, line-of-business and/or group performance and contributions, and overall company success.
• Affordable, competitive, and flexible benefits supporting physical, emotional, and financial wellness.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed