Global Financial Crimes Manager

Bank of America•Chicago, IL

1d•Onsite

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, operational risk, and fraud risk management requirements. The position advises on financial-crimes-owned policies and standards, produces or oversees independent risk reporting, monitors regulatory changes and emerging risks, and escalates compliance and operational concerns through appropriate governance channels. It also reviews and challenges issue remediation, control enhancements, and operational loss events. The position may include associate management responsibilities, such as coaching and developing talent, promoting inclusion, managing processes and budgets, communicating enterprise priorities, and delivering business outcomes. The role is based at Bank of America Plaza in Chicago, Illinois, and is a first-shift position with 40 hours per week.

Requirements

At least 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.
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.

Responsibilities

Advise and direct the development and maintenance of financial-crimes-owned policies and standards, and review FLU/CF-owned policies and standards to ensure regulatory requirements and operational risks are addressed.
Produce or oversee independent financial crimes risk management reporting for GC&OR senior leaders and FLU/CF senior leaders.
Monitor regulatory changes applicable to Global Financial Crimes; advise business leaders, direct policy or process changes, 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 financial-crimes-related control enhancements.
Review and challenge internal and external operational loss events, develop remediation plans to strengthen controls, and oversee appropriate resolution.
If responsible for managing associates, model an inclusive environment and promote opportunity and inclusion.
Demonstrate process knowledge, operational excellence, data-based decision-making, simplicity, and continuous improvement.
Communicate enterprise decisions, purpose, and results, and connect them to team strategy and priorities.
Ensure appropriate risk discipline, controls, and risk culture are in place to identify, escalate, and debate issues.
Coach and provide feedback to motivate associates and improve performance.
Manage expenses and budgets in alignment with objectives.
Assess talent and build bench strength across the organization.
Prioritize, inspect, and delegate work to deliver business outcomes.