Global Financial Crimes Manager

Bank of America • Newark, NJ

1d

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. Managerial responsibilities include championing an inclusive environment; promoting process knowledge, operational excellence, and data-based decision-making; communicating enterprise decisions and connecting them to team priorities; maintaining appropriate risk discipline and controls; coaching and providing performance feedback; managing expenses and budgets; developing talent; and delivering business outcomes through prioritization, inspection, and delegation.

Requirements

• Minimum of 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) certification.

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 or oversee independent financial crimes risk management reporting to GC&OR senior leaders and FLU/CF senior leaders.
• Monitor changes in regulations applicable to Global Financial Crimes; advise business leaders; direct appropriate 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-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 control enhancements related to financial crimes.
• Review and challenge internal and external operational loss events, including developing remediation plans to strengthen controls and overseeing 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 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.

What This Job Offers

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