Global Financial Crimes Specialist

Bank of America•Charlotte, NC

About The Position

The Global Financial Crimes (GFC) Specialist works on the Institutional Surveillance team within the Financial Intelligence Unit (FIU) – Surveillance team. The team identifies and mitigates new and emerging financial crime and money laundering risks across institutional clients, products, and services. It uses research and data analytics to develop and execute manual surveillance routines, detect potentially suspicious activity, and refer cases to Financial Crimes Investigations (FCI). The specialist supports financial crimes policies, standards, reporting, risk coverage, monitoring, testing, and assessments. The role monitors regulatory changes and helps ensure appropriate implementation, analyzes institutional clients and related products and services for financial crime risks, and collaborates with internal partners to address complex or emerging threats. The position also requires staying current on money laundering typologies, trends, and red flags.

Requirements

Minimum of 3–5 years of Anti-Money Laundering experience in banking, law enforcement, intelligence, government, or military.
Bachelor’s degree or equivalent experience.
Understanding of the 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, well-organized written analyses, including investigative summaries, white papers, and executive-level communications.
Self-motivated, with the ability to work effectively with varying levels of guidance.
Proficiency in Microsoft Office products.

Nice To Haves

Law enforcement background or similar experience at a government agency.
Adeptness in SQL, Python, or Tableau, or a strong desire to learn these tools.
Certified Anti-Money Laundering Specialist (CAMS).

Responsibilities

Support development and maintenance of financial crimes-owned policies and standards, and review relevant Front Line Units/Control Functions-owned policies and standards to ensure regulatory requirements and operational risks are addressed.
Assist in producing independent financial crimes risk management reporting.
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.
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- or board-level committees.
Analyze and monitor institutional clients and related products and services to detect potential financial crime risks.
Generate case referrals to FCI.
Partner with FIU – Detection, FCI, GCOR, Legal, and other business partners and stakeholders to address complex or emerging threats, including providing guidance on long-term model or automated detection solutions.
Stay current on money laundering typologies, trends, and red flags.