Sr. Global Financial Crimes Investigator- Decision Testing

Bank of America • Chicago, IL

5d • $90,000 - $115,000 • Onsite

About The Position

At Bank of America, this role performs end-to-end investigations or investigative support functions related to external financial crimes across one or more lines of business. The investigator handles routine to complex cases involving matters such as fraud committed by external parties, money laundering, or terrorist financing, and may act as a liaison to law enforcement. The role also provides coaching and input to investigators to improve case quality and ensure investigations are sufficiently conducted and findings adequately documented.

The position supports 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 Program, Financial Crimes and Global Compliance Enterprise Policies, and Enterprise Fraud Risk Management Standards. It contributes to investigations quality and process improvements, policy and standards maintenance, independent risk monitoring and reporting, and the escalation and remediation of financial crimes risks and issues.

The position is based at Bank of America Plaza in Chicago, Illinois. It is a first-shift role with a 40-hour workweek. The annualized salary range is $90,000–$115,000, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including paid time off.

Requirements

• At least 5 years of overall experience in risk management, financial crimes, or a related risk function.
• At least 2 years of experience in AML investigations as an investigator, senior investigator, or investigations specialist-type role.
• Bachelor’s degree or equivalent experience.
• Skills in coaching, fraud management, quality assurance, regulatory compliance, investigation management, policies/procedures/guidelines management, risk management, issue management, reporting, and written communications.

Nice To Haves

• Experience with institutional retail brokerage.
• Quality control or quality assurance background.
• Senior investigations experience.
• Strong written communication skills.
• Critical thinking skills and ability to think outside the box.
• Experience escalating out-of-pattern or unique-risk-pattern issues.
• Experience in financial services and/or a related government entity.

Responsibilities

• Reviews and analyzes investigations, makes recommendations, and identifies enhancements to meet or exceed case closure and quality metrics.
• Reviews Suspicious Activity Reports (SARs) accurately and promptly for submission to regulators and/or law enforcement.
• Reports investigation facts to senior stakeholders, helps identify potential operational or compliance risks, and partners with Global Financial Crimes Management and/or Front Line Units to resolve investigations.
• Performs investigative support functions such as quality control, training, communications, guidance, monitoring scenario development or enhancement input and testing, and law enforcement liaison responsibilities.
• Identifies improvements to investigation and case assignment processes to enhance investigative effectiveness.
• Participates in assigning cases across the investigative team.
• Supports development and maintenance of financial-crimes-owned policies and standards, and reviews relevant Front Line Unit and Control Function policies and standards for regulatory and operational-risk coverage.
• Assists in producing independent financial crimes risk management reporting for Global Compliance & Operational Risk and Front Line Unit/Control Function senior leaders.
• Monitors regulatory changes applicable to Global Financial Crimes; advises business leaders, directs appropriate areas to implement or amend policies, standards, procedures, or processes, and challenges implementation plans as needed.
• Contributes to risk coverage plans and performs independent risk monitoring, testing, and risk assessments.
• Escalates financial crimes compliance and operational risks and issues to appropriate governance routines and management- or board-level committees.
• Assists 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.
• Assists in reviewing internal and external operational loss events, developing remediation plans to strengthen controls, and overseeing appropriate resolution.

Benefits

• Industry-leading benefits.
• Paid time off.
• Access to resources and support for employees.
• Eligibility for an annual discretionary incentive award based on individual performance and behavior, line-of-business or group performance and contributions, and overall company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior