Global Financial Crimes Manager - Change Management

Bank of America•Charlotte, NC

2d•Onsite

About The Position

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. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Requirements

Minimum of seven years of relevant experience in financial crimes, financial services industry or related field, e.g., Business Operations, Compliance and Risk Management, and/or Policy Management
Knowledge of anti-money laundering (AML) and related AML legislation
Able to partner effectively within the team and across the organization to deliver needed results
Ability to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraints
Strong organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests
Proven verbal and written communication and presentation skills, including the ability to effectively convey complex information to stakeholders
Strong analytical skills
Ability to work under pressure, calmly within tight deadlines and escalate appropriately
Able to develop and maintain good working relationships
Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance
Experience/knowledge of Global Compliance and Operational Risk and/or Global Financial Crime risk management programs

Nice To Haves

Bachelor’s degree or equivalent work experience; professional cetifications (e.g., CAMS, CFE) preferred.
Experience in financial services and/or a related government entity
Certified Anti-Money Laundering Specialist (CAMS)

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
Provide program and control execution expertise for the Global Financial Crimes organization with a focus on strong and proactive risk management
Overseeing the implementation and execution of GFC risk management processes, ensuring compliance with program requirements, regulatory standards, and fostering a culture of accountability and proactive risk management across the organization
Ensure appropriate governance and oversight of the GFC Risk Program, including change execution and controls
Assist in the preparation, coordination and execution of regulatory examinations and audits and assist as necessary with responses related to team responsibilities
Partner effectively with GFC, GCOR and other Enterprise partners to ensure alignment of expectations and execution
Provide oversight and governance on the GFC process and control environment, ensuring processes are documented accurately and in alignment with the Enterprise Process Management Policy and Standards
Escalate risks timely and appropriately. Develop solutions and deliver mitigating actions in support of risk reduction efforts
Develop and maintain reports and routines to measure the effectiveness of the GFC Program and control environment
Lead execution strategies and efforts to address regulatory feedback