Global Financial Crimes Manager

Bank of America•Charlotte, NC

22h

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. Managers at this level model an inclusive environment; demonstrate process knowledge, operational excellence, and data-based decision-making; communicate enterprise priorities and results; maintain appropriate risk discipline and controls; coach and develop employees; manage expenses and budgets; build organizational talent; and deliver business outcomes through effective prioritization, inspection, and delegation. Bank of America describes an in-office culture supporting collaboration, engagement, and career development, with role-specific flexibility based on responsibilities and business needs. The position is scheduled for first shift and 40 hours per week.

Requirements

At least seven years of relevant experience.
Knowledge of anti-money laundering (AML) and related AML legislation.
Skills in 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; and talent development.

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).

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 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, develop remediation plans to strengthen controls, and oversee 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, connecting 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.