Global Financial Crimes Manager

Bank of America•Charlotte, NC

1d•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. The GFC Investigations Risk Manager plays a critical role in identifying emerging risks within financial crimes investigations, assessing and recommending process improvement opportunities, and driving optimal execution across end-to-end investigative processes. This role ensures the consistent quality of support activities, processes, and outputs by reinforcing effective review practices and promoting a culture of continuous improvement. The Manager also serves as a subject matter expert, influencing decision-making and strategic direction to reduce risk and create robust, high-value investigative outcomes.

Requirements

Minimum seven years of experience in Financial Crimes or related field.
Knowledge of anti-money laundering (AML) and related AML legislation.
Strong knowledge of business process management methodology.
Excellent verbal and written communication and presentation skills.
Proven ability to conduct root cause analysis and solve complex problems collaboratively.
Solutions-oriented mindset with strong critical thinking and business acumen.
Ability to thrive in a fast-paced, ambiguous environment and manage multiple priorities effectively.
Highly organized with strong multi-tasking capabilities.
Ability to analyze complex data and recommend outcomes

Nice To Haves

Bachelor's Degree in related field
Experience in financial services and/or a related government entity
Certified Anti-Money Laundering Specialist (CAMS)
Intermediate proficiency in process mapping and journey design.
Experience in change management or project management.
Comfortable navigating complex or ambiguous situations.
Lean Six Sigma Green Belt or Black Belt certification preferred.

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
Identify, assess, and monitor emerging risks within financial crimes investigations.
Conduct end-to-end process analysis to uncover inefficiencies and recommend improvements that enhance investigative outcomes.
Lead initiatives to reduce non-value-added processes and create robust, high-value investigation outcomes.
Develop and implement risk-based internal controls to prevent, detect, and report financial crimes.
Evaluate the effectiveness of internal controls and identify gaps or weaknesses.
Provide subject matter expertise to support the development of regulatory changes.
Monitor regulatory changes and advise business leaders on implications; ensure timely updates to policies, standards, and procedures.
Escalate financial crimes-related compliance and operational risks to appropriate governance bodies.
Oversee remediation of financial crimes-related compliance and operational risk issues.
Design and monitor key risk and control performance metrics; report on performance and breach remediation.
Analyze investigation performance data and trends to provide actionable feedback and foster an inclusive team environment.