Global Financial Crimes Specialist

Bank of America•Charlotte, NC

5d•Onsite

About The Position

This role is for a Global Financial Crimes (GFC) Specialist on the Institutional Surveillance team, which is part of the broader Financial Intelligence Unit (FIU) – Surveillance team. The Institutional Surveillance team is responsible for identifying and mitigating new and emerging financial crime and money laundering risks across institutional clients, products and services. The team uses research and data analytics to build and execute manual surveillance routines to detect potential suspicious activity and create referrals to Financial Crimes Investigations (FCI).

Requirements

Minimum of 3-5 years of Anti-Money Laundering experience in banking, law enforcement, intelligence, government or military
Degree required: Bachelor’s or equivalent experience
Understanding of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities
Understanding of markets or institutional related products and services
Demonstrated ability to produce clear, concise, and well-organized written analyses, including investigative summaries, white papers, and executive-level communications
Candidates will be required to complete a writing assessment demonstrating their ability to analyze information and prepare a clear, professional written summary.
Must be a self-motivated person who is comfortable working effectively with varying levels of guidance
Proficient in Microsoft Office Products

Nice To Haves

Law enforcement background or similar experience at a government agency
Adept at SQL, Python, Tableau, or have a strong desire to learn
Certified Anti-Money Laundering Specialist (CAMS)

Responsibilities

Support the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
Assist in the production of independent financial crimes risk management reporting
Monitor changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
Contribute to risk coverage plans
Identify trends, anomalies or emerging risks
Build and execute manual surveillance routines to address identified risks
Execute independent risk monitoring, testing, and risk assessments
Escalate financial crimes related risks and issues to appropriate governance routines and management/board level committees
Analyze and monitor institutional clients and related products and services to detect potential financial crime risks
Generates case referrals to FCI
Partner and collaborate with FIU – Detection, FCI, GCOR, Legal, and other business partners and stakeholders to ensure complex and/or emerging threats are effectively addressed, including providing guidance on long-term model/automated detection solutions
Stay current on money laundering typologies and trends, and their red flags