Global Financial Crimes Specialist
About The Position
This position supports the execution of substantive money laundering, economic sanctions, and fraud compliance and operational risk practices. The role 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, the Financial Crimes and Global Compliance Enterprise Policies, and the Enterprise Fraud Risk Management Standards. Bank of America describes an in-office culture intended to support collaboration, engagement, and career development, with flexibility based on role-specific responsibilities and business needs. The position is listed as first shift and 40 hours per week.
Requirements
- At least 5 years of business and functional experience.
- Bachelor’s degree or equivalent experience.
- Skills: critical thinking; monitoring, surveillance, and testing; regulatory compliance; risk management; issue management; policies, procedures, and guidelines management; written communications; coaching; reporting; and talent development.
Nice To Haves
- Experience in financial services and/or a related government entity.
Responsibilities
- Support the 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 reporting for Global Compliance & Operational Risk senior leaders and Front Line Unit/Control Function 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.
- Contribute to risk coverage plans and execute independent risk monitoring, testing, and risk assessments.
- Support escalation of financial-crimes-related compliance and operational risks and issues to appropriate governance routines and management- or board-level committees.
- Assist with identification, aggregation, reporting, and escalation of 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.
Benefits
- Affordable, competitive, and flexible benefits supporting teammates’ physical, emotional, and financial wellness.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
