Global Financial Crimes Manager

Bank of America•Charlotte, NC

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 and fraud risk management requirements. The position may also manage associates. Managerial expectations include championing an inclusive environment, applying process knowledge and data-based decision-making, communicating enterprise decisions and team priorities, maintaining risk discipline, coaching and developing employees, managing budgets, building talent, and delivering business outcomes through effective prioritization and delegation. Bank of America describes an in-office culture that supports collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs.

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- and 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 regulatory changes 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.
If managing associates, model inclusion; promote process excellence and continuous improvement; communicate enterprise decisions and team priorities; ensure risk controls and culture; coach and provide feedback; manage expenses and budgets; develop talent; and prioritize, inspect, and delegate work to deliver outcomes.