Global Financial Crimes Manager

Bank of America•Atlanta, GA

About The Position

At Bank of America, this role executes substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. The position 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 role advises on financial crimes policies and standards, provides independent risk management reporting, monitors regulatory changes, and helps ensure that regulatory requirements and operational risks are addressed. It also participates in industry forums, identifies emerging risks, escalates issues through appropriate governance channels, and oversees remediation of financial crimes-related issues and operational loss events. The position may also manage associates. Managerial responsibilities include fostering inclusion, operational excellence and data-informed decisions; communicating enterprise priorities; maintaining risk discipline; coaching and developing talent; managing expenses and budgets; and delivering business outcomes.

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).
Skills listed: 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; Talent Development.

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 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, develop remediation plans to strengthen controls, and oversee appropriate resolution.
When managing associates, model an inclusive environment for employees and clients.
When managing associates, demonstrate process knowledge, operational excellence, innovation, simplicity, data-based decision-making, and continuous improvement.
When managing associates, communicate enterprise decisions, purpose, and results and connect them to team strategy, priorities, and contributions.
When managing associates, ensure risk discipline, controls, and a culture that supports identifying, escalating, and debating issues.
When managing associates, provide inspection, coaching, and feedback to motivate, differentiate, and improve performance.
When managing associates, manage expenses and budgets in alignment with objectives and make sound financial decisions.
When managing associates, assess talent and build bench strength across the organization.
When managing associates, deliver results by prioritizing, inspecting, and appropriately delegating team work.