Global Financial Crimes Specialist

Bank of America•Charlotte, NC

About The Position

This role supports the execution of substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. The specialist assists Global Financial Crimes executives and managers in identifying, escalating, and timely mitigating compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, Financial Crimes and Global Compliance Enterprise Policies, and Enterprise Fraud Risk Management Standards. The role also performs investigative case intake and preliminary analysis, manages referrals and inventory across intake channels, and supports financial crimes investigative processes. It partners with internal stakeholders to facilitate case handling, identifies emerging risks, and contributes to process improvements while adhering to applicable regulatory requirements.

Requirements

At least 5 years of business and functional experience.
At least 3 years of experience in Global Financial Crimes (GFC), Investigations, or Law Enforcement.
Bachelor’s degree or equivalent experience.
Understanding of BSA, AML, OFAC, and other regulatory requirements governing financial crimes activities.

Nice To Haves

Experience in financial services and/or a related government entity.
SQL skills.
Law enforcement background.

Responsibilities

Support development and maintenance of financial crimes-owned policies and standards, and review relevant Front Line Unit/Control Function-owned policies and standards to ensure regulatory requirements and operational risks are addressed.
Assist in producing independent financial crimes risk management reports for Global Compliance & Operational Risk senior leaders and Front Line Unit/Control Function senior leaders.
Monitor changes in 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.
Contribute to risk coverage plans and conduct independent risk monitoring, testing, and risk assessments.
Escalate financial crimes-related compliance and operational risks and issues to appropriate governance routines and management- or board-level committees.
Assist with identifying, aggregating, reporting, and escalating remediation and thematic analysis of Front Line Unit/Control Function-owned issues and control enhancements related to financial crimes.
Assist in reviewing internal and external operational loss events, developing remediation plans to strengthen controls, and overseeing appropriate resolution.
Create and document investigative cases according to established procedures, quality standards, and service-level expectations.
Conduct preliminary research and analysis using internal systems, customer information, transactional data, and external sources.
Evaluate referrals for completeness, accuracy, and appropriate risk indicators before case creation and assignment.
Manage inventory across multiple intake channels and queues, ensuring timely processing and escalation of high-priority items.
Support activities related to 314(a), 314(b), law enforcement requests, and other applicable financial crimes investigative processes.
Identify trends, anomalies, and emerging risks and escalate findings to management as appropriate.
Ensure case documentation is clear, complete, and supports downstream investigative efforts.
Partner with Investigations, Compliance, Operations, Legal, and business line stakeholders to facilitate effective case handling.
Participate in process improvement initiatives to enhance operational efficiency, quality, and risk mitigation.
Adhere to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities.