Global Financial Crimes Specialist

Global Financial Crimes Specialist

Charlotte, North Carolina;Pennington, New Jersey; Atlanta, Georgia; Newark, Delaware; Chicago, Illinois

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We are devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:

The Global Financial Crimes (GFC) Specialist under supervision, assists Global Financial Crimes executives and managers in the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance Enterprise Policies (GC Policy), and the Enterprise Fraud Risk Management Policy.

This role is responsible for ensuring consistent quality of activities, processes, and outputs by engaging in effective review practices across the team.

Global Financial Crimes (GFC) Specialist on the Automated Detection and Monitoring Solutions Oversight and CRA Analytics Team (SOC). This team is focused on Oversight over Detection and Monitoring as well as analytics and innovation of our Customer Risk Assessment tool.

A successful candidate will be involved in identifying the financial crimes risk through research and data analytics in GFC and Line of Business systems, providing advice and guidance on long-term solutions to ensure regulatory coverage over global financial crimes risks. Additional responsibilities include metrics and documentation around Automated Detection and CRA tools. Acceptable candidates must be highly-motivated self-starters able to work on projects independently or as part of a larger group.

This position provides the unique opportunity to learn about many different functional areas within the bank, including all eight Lines of Business and more, as well as the technical knowledge related to how to interact with complex database structures. This role is a great fit for candidates looking to build a solid foundation in data analysis and Financial Crimes knowledge which also has the potential for strong career growth in the future.

Responsibilities:

• Supports 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.

• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders.

• Assists in the monitoring of 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.

• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments.

• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.

• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.

• Assists with the development of risk metrics, monitors related performance and breach remediation.

Required Qualifications:

• 5+ years Business & Functional experience

• 1-2 years of basic knowledge and experience in anti-money laundering (AML) regulations, fraud, sanctions, or any financial crimes

• 1-2 years of basic knowledge and experience in SQL and other analytics tools - understanding and re-writing queries (will accept academic knowledge)

• Bachelor's degree or equivalent experience

Desired Qualifications:

3+ Years of experience in AML/CFT/Sanctions role in public or private sector

Strong personal drive, attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn and take on increasing levels of responsibility

Must be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidance

Ability to handle multiple projects in dynamic environment and global team setting

Risk management, issue management, regulatory guidance

Proven process design and project management

Policies, procedures and guidelines management

Monitoring, Surveillance, and Testing

Written and Oral Communications

Presentation and Reporting Skills

Certified Anti-Money Laundering Specialist (CAMS) certification

Knowledge of international financial crimes laws, rules, and regulations

Understanding of Banking products and Financial Crimes vulnerabilities applicable to these products

Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance

Proficient in Microsoft Office Products including advanced knowledge of Excel

Ability to work & effectively communicate with cross functional teams

Strong written and verbal communication skills and the ability to communicate and work with all levels within the organization

Strong data analysis and data presentation

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America's Drug-free workplace and alcohol policy, CLICK HERE .