Global Financial Crimes Investigations Specialist
Bank of America•Chicago, IL
•$68,500 - $115,000•Onsite
About The Position
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.
Requirements
- Minimum 5 years of overall experience in risk management, financial crimes, or related risk function
- Minimum 2 years' experience in AML investigations, as an investigator, Sr Investigator, or Investigations Specialist-type role
- Degree required: Bachelor’s or equivalent experience
Nice To Haves
- Experience with Institutional retail brokerage QC/QA background
- Senior investigations experience
- Strong written communication skills
- Critical thinking skills; ability to think outside the box
- Experience escalating "out-of-pattern" or "unique risk pattern" issues
- 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
- access to paid time off
- resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
