Global Financial Crimes Manager

Bank of America • Pennington, AL

16h • $105,000 - $173,900 • Onsite

About The Position

This job is responsible for supporting compliance with substantive Anti-Money Laundering (AML) and Economic Sanctions compliance and operational risk practices. The role develops, implements, and maintains a comprehensive AML and Economic Sanctions risk assessment program to proactively identify, mitigate, and communicate potential risks and ensure the quality of risk management efforts.

The position contributes to risk assessment methodology and work products, analyzes risk and control data, improves procedures and processes, and oversees process design and execution. It also coordinates regulatory examinations, internal audits, and control testing; monitors regulatory and financial-crime developments; and builds relationships with internal business units, external auditors, and regulatory agencies.

Requirements

• At least 7 years of experience with Anti-Money Laundering (AML) or Sanctions risk assessments, or similar experience.
• Ability to work in a fast-paced environment.
• Sound judgment when analyzing data to verify and validate requirements.
• Self-motivated, and comfortable and effective 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 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 and 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 risks of financial-crimes activities.
• 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 ensure reviews are conducted efficiently.
• Monitor and analyze changes in AML and Economic Sanctions requirements, assess their organizational impact, and implement necessary compliance 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

• Paid time off.
• Resources and support for employees.
• Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
• Industry-leading benefits; the posting does not specify individual benefit types.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed