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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support 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 and the Enterprise Fraud Risk Management Standards. The GFC Specialist ensures consistent quality of support activities, processes, and outputs by reinforcing effective review practices across the team.
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 in the review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately
Activities this role performs include, but are not limited to:
- Achieves compliance with laws and rules relating to Financial Crimes promulgated in the jurisdictions in which the Company does business
- Evaluates whether internal controls are working effectively and identifying weaknesses or gaps in controls
- Responsible for full end-to-end process and project documentation with identification of improvement opportunities to ensure the team is enabling the rest of the organization, otherwise known as the Efficiency IDEA Program
- Enthusiastic, energetic, determined, and positive work ethic
- Manages case assignments to investigators across AML investigations for BAU and Vendor teams in addition to queue monitoring and controls to ensure cases are worked by age
- Manages case escalations from investigators to specialty teams to determine if request is following the escalation matric to include giving guidance
- Management of investigation support processes to include monitoring and controls of various case projects
- Manages the movement of large volumes of cases across queues
- Manages the shifting of priorities at a moment’s notice
Skills:
- Critical Thinking
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Risk Management
- Issue Management
- Policies, Procedures, and Guidelines Management
- Written Communications
- Coaching
- Reporting
- Talent Development
Preferred Technical Skills:
- Risk Identification & Assessment
- Issues Management & Resolution
- Line of Business (LoB) Products, Services & Acumen
- Financial Crimes Risk Programs
- Regulatory Knowledge
- Case Investigations & Resolution
- Data Analysis, Interpretation & Decisioning
- Risk Monitoring & Testing
- Process Management & Inventory
- Project Management
Required Qualifications:
- Minimum 5 years' experience in risk management, financial crimes
- Minimum 3 years' specialized experience in Global Financial Crimes Investigations in AML (as Investigator, Sr Investigator, or Investigations Support type role)
- Degree required: Bachelor’s or equivalent investigations experience
- Proficient in MoC and MS Excel
Desired Qualifications:
- Financial Services and/or related government entity
- Senior Investigator experience
- Comfortable navigating through difficult, complex, or ambiguous situations
- Strong and effective communication and presentation skills, verbal and written
- Ability to solve problems by working as a team and collaborating with business partners
- Solutions oriented - utilize critical thinking skills / business acumen and resources to make sound business decisions and reduce risk
- Ability to work in a challenging environment; often with a high degree of ambiguity and prioritizing and managing multiple priorities
- Highly organized and able to effectively multi-task, managing a diverse portfolio of work
- Technical skills – SharePoint, Tableau, Investigations applications
- Certifications: CAMS – Certified Anti-Money Laundering Specialist
Shift:
1st shift (United States of America)
Hours Per Week:
40