Global Financial Crimes Manager
About The Position
At Bank of America, this role supports compliance with substantive Anti-Money Laundering (AML) and Economic Sanctions compliance and operational risk practices. The position develops, implements, and maintains a comprehensive AML and Economic Sanctions risk assessment program, supporting proactive identification, mitigation, and communication of potential risks and the quality of risk management efforts. The role contributes to risk assessment methodology and work products, analyzes financial-crimes risk and control data, and helps improve procedures and processes to meet company policies, laws, regulations, regulatory guidance, and industry practices. It also oversees process design and execution, coordinates regulatory examinations and audit or control testing, monitors regulatory changes and emerging threats, and builds relationships with internal business units, external auditors, and regulatory agencies. Bank of America describes its culture as focused on Responsible Growth, inclusion, teammate development, and physical, emotional, and financial wellness. The company is committed to an in-office culture, with flexibility based on role responsibilities and business needs.
Requirements
- At least 7 years of experience with AML or Sanctions risk assessments, or similar experience.
- Ability to work in a fast-paced environment.
- Sound judgment in decision-making when analyzing data to verify and validate requirements.
- Self-motivation and effectiveness working with varying levels of guidance.
- Excellent verbal and written communication skills.
- Intermediate or better knowledge of Microsoft Office products, specifically Excel and Word.
- Relationship-building skills.
Nice To Haves
- Bachelor's degree.
- Compliance or operational risk experience.
- Process or workflow design experience.
- Strong organizational skills and the ability to prioritize multiple tasks.
- Attention to detail.
Responsibilities
- Contribute to the design, implementation, and maintenance of an AML and Economic Sanctions risk assessment methodology aligned with industry best practices, regulatory expectations, and the company's risk appetite.
- Conduct regular risk assessments, perform data analysis, analyze results, identify potential vulnerabilities, and assist with developing mitigating strategies when appropriate.
- Coordinate with internal stakeholders to enhance financial-crimes risk assessment work products, including questionnaires or surveys, reports, and presentations.
- Analyze risk and control data and draft comprehensive reports detailing financial-crimes risks.
- Identify and enhance procedures and processes to ensure compliance with Bank of America policy, applicable financial-crimes laws and regulations, regulatory guidance, and industry best practices.
- Oversee process design and execution, including designing and maintaining detailed project plans and process maps.
- Manage, coordinate, and track regulatory examinations, internal audits, and control testing to help ensure reviews are conducted efficiently.
- Monitor and analyze changes in AML and Economic Sanctions requirements, assess their organizational impact, and implement necessary changes.
- Stay informed about emerging threats and trends in regulation and financial crime.
- Build and maintain relationships with internal business units, external auditors, and regulatory agencies.
Benefits
- Access to paid time off.
- Industry-leading benefits and resources and support for employees.
- Eligible to participate in an annual discretionary incentive plan.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
