Global Financial Crimes Manager

Bank of America • Tampa, FL

3d • $105,000 - $173,900 • Onsite

About The Position

At Bank of America, the Global Financial Crimes Manager executes substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. The role works directly, or through compliance officers for Front Line Units (FLUs) and Control Functions (CFs), to complete compliance, policy, and operational/fraud risk management requirements. The position may also manage associates and is expected to demonstrate inclusive leadership, process and data management, enterprise communication, risk discipline, coaching, financial stewardship, talent development, and delivery of business outcomes.

Requirements

• At least seven years of relevant experience.
• Knowledge of anti-money laundering (AML) and related AML legislation.
• 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.

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).

Responsibilities

• Advise and direct the 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 and/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 appropriate areas to implement or amend policies, standards, procedures, and 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-related 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 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 in line 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 appropriate risk discipline, controls, and culture to identify, escalate, and debate issues.
• Provide inspection, coaching, and feedback to motivate, differentiate, and improve 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 results by prioritizing, inspecting, and appropriately delegating team work.

Benefits

• Benefits eligibility, including access to paid time off and employee resources and support.
• Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, line of business and/or group performance and contributions, and overall company success.

What This Job Offers

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