Global Financials Crimes Specialist jobs at Bank Of America in Brazil, São Paulo

Job Description

The CFO Group is currently searching for a Legal Entity Controller Specialist to join the Global Legal Entity Controllers team in Brazil. This job is responsible for performing financial reporting for one or more legal entities ensuring books and records are kept in accordance with US and local Generally Accepted Accounting Principles (GAAP) as well as supporting local regulatory reporting. Key responsibilities include performing activities for the month-end close process such as preparing, recording, reconciling, and reporting financial results in addition to financial regulatory reporting and financial statements preparation. Job expectations include reviewing, analyzing, and preparing statutory accounts and regulations and their calculations.

Responsibilities

• Engages in the month-end close process for US and local Generally Accepted Accounting Principles (GAAP);

• Prepares monthly, quarterly, and annual legal entity reporting and analysis to meet regulatory reporting requirements and requirements of the Executive Management Team and Board of Directors;

• Responsible for local financial reporting especially the Central Bank reports (CADOCs);

• Oversight of US regulatory reports of local legal entities;

• Supports income tax provisioning and preparation of tax returns;

• Preparation of audited financial statements, with engagement with all involved stakeholders;

• Ensures an appropriate internal control environment is established by overseeing it operates effectively within areas of responsibility and appropriately escalating issues as needed;

• Remains updated and aware of regulatory changes, continuously assesses and enhances regulatory reporting processes, and improves the quality of regulatory submissions;

• Partners with regulators, auditors, tax authorities, business units, and other internal teams, including Global Regulatory Reporting and Corporate Tax, with regards to local accounting and reporting.

Qualifications

• Experience in products related to Banking and Markets;

• Desired a 10+ years of experience in Accounting (or correlated area);

• Expert in BRGAAP (+Cosif) with solid knowledge in US GAAP / IFRS accounting skills, with active Local CPA (CRC);

• Strong problem solving, analytical and communication skills to make sound and independent judgment and decisions under rapidly changing and often stressful environment;

• Highly motivated, pro-active, self-starter, multi-tasking and committed to getting the job done;

• Able to work under pressure and tight deadlines;

• Graduated with degree in Accounting, Business Administration, Economics and correlated areas;

• Fluency in English (written and spoken) – Spanish is desired;

• Strong ability in Excel, Oracle and SAP.

Skills

• Attention to Detail;

• Analytical Thinking;

• Financial Accounting and analysis;

• Continuous Improvement;

• Oral & Written Communications;

• Stakeholder Management;

• Process Management;

• Risk Management;

• Policies, Procedures, and Guidelines Management.

Responsibilities:

• Govern and control project and test delivery processes, ensuring adherence to timelines and quality standards;

• Track progress and prepare clear, accurate reports and dashboards for management;

• Define and monitor KPIs and performance metrics;

• Coordinate with cross-functional teams to align priorities and resolve issues;

• Support agile practices and continuous improvement initiatives.

Requirements:

• Solid experience in project/portfolio management and governance;

• Strong organizational and prioritization skills;

• Proficiency in English (written and spoken);

• Knowledge of agile methodologies and metric tracking;

• Ability to manage multiple workstreams simultaneously;

• Proactive, detail-oriented, and results-driven;

• Strong communication and stakeholder management skills;

• Comfortable in dynamic, fast-paced environments.

Skills:

• Attention to Detail;

• Project Governance and Control;

• Monitoring, Reporting, and Test Management;

• Process Performance Management;

• Adaptability;

• Critical Thinking;

• Stakeholder Communication;

• Data Management and Metrics Analysis;

• Policies, Procedures, and Compliance Management;

• Process Design and Continuous Improvement;

• Strategic Thinking;

• Agile Methodologies;

• Tool Proficiency (Jira, Octane).

Preferred Qualifications:

• Familiarity with Brazilian Cash Management products;

• Hands-on experience with Jira and Octane tools.

Responsibilities:

• Utilize thorough knowledge and understanding of product, process and inherent risk related to the the Latin America markets;
• Responsible for preparing analysis and performing critical testing and calculations in support of the LATAM LCT Line of Business;
• Produce financial reporting and disclosures;
• Calculate valuation adjustments, analyze market depth and liquidity for determination of fair value.
• Contribute to month end close and periodic analysis;
• Interact with Front Office and support groups.

Core skills and requirements:

• At least 3 years of Experience in Finance, Product Control, Market Risk or Middle-Office in Investment Banks;
• Deep knowledge of Financial products: FX & IR Derivatives, Bonds and Options;
• Understanding of Latin America global markets dynamics and products;
• Graduated in Accounting, Business Administration, Economics, Mathematics, Engineering, Physics or correlated areas;
• High level of numeracy and proficiency in financial mathematics;
• Strong problem solving, analytical and communication skills to make sound and independent judgment and decisions under rapidly changing and often stressful environment;
• Fluency in English (written and spoken); Spanish is a plus;
• Strong ability in Excel. Alteryx is desirable;
• Highly motivated, pro-active, self-starter, multi-tasking and committed to get the job done;
• Team player with multicultural sensitivity and analytical mindset over interactions with peers in other countries and divisions.

Job Description:

Job Description:

This job is responsible for resolving day-to-day complex problems, researching, and executing on complex transactions of Working Capital (onshore and offshore), Local Guarantee (Fiança) and Export Credit Note (NCE) for multiple sites or larger business unit(s). Key responsibilities include leading the design, development, and implementation of products, systems, processes, and services using discretion within the project management methodologies, with a focus on continuous improvement.

Responsibilities:

• Leads the design, development, and implementation of complex products, systems, and services in an operations environment using subject matter expertise;

• Manages projects and direct activities of a team related to special initiatives;

• Advises as a technical expert in assigned area by providing work direction, guidance, and training to employees and business partners on new complex initiatives;

• Builds relationships with business partners across various Lines of Business;

• Manages and defines responsibilities and accountabilities for key program and projects.

Skills:

• Critical Thinking;

• Customer and Client Focus;

• Decision Making;

• Problem Solving;

• Risk Management;

• Adaptability;

• Attention to Detail;

• Collaboration;

• Issue Management;

• Analytical Thinking;

• Oral Communications;

• Presentation Skills;

• Excel / VBA;

• Fluent in English and Portuguese.

Job Description:

Job Description:

This job is responsible for supporting the execution of compliance and operational risk processes used to identify and mitigate risks associated with money laundering, terrorist financing, economic sanctions and fraud and provide risk management and client advisory support within Brazil. The incumbent will partner with the Money Laundering Reporting Officer (MLRO) to support regulatory and corporate audits, as well as work with front line business, operations and other financial crimes teams across the region and globally to assess and monitor risks and controls, identify trends, analyze business processes and review quality assurance trends.

Responsibilities:

• Support the Brazil MLRO in performing compliance and risk activities, including:
  • Performing monitoring and testing activities of Front Line Unit (FLU) and Control Function (CF) -owned processes related to Customer Due Diligence activities against Brazilian AML/CFT laws, rules and regulations, Non-Financial Regulatory Reporting, or other activities as required.
  • Executing and reviewing monitoring and testing results against Brazilian AML/CFT laws, rules and regulations, as well as develop coverage plans to test compliance with these laws.
• Executing governance and management routines, including development of metrics.
• Assisting with preparation for, and participating in, financial crimes related regulatory exams and audits.
• Supports the development and execution of reporting to allow the MLRO and other risk managers to effectively identify and manage risk.
• Participates in the development of database production processes and performance reports for senior management, using data mining and other advanced analytical techniques to aggregate data.
• Work on business requirements for Technology, Automated Detection, and Investigations implementation in mandates projects.

Desired Skills:

• Ability to read and interpret regulatory guidance.
• Understanding of monitoring, testing and/or quality assurance processes.
• Identifying, aggregating, reporting and escalating financial crimes risks, issues and control enhancements.
• Data Analytical Skills including Data Infrastructure, Development, Implementation Experience; understanding of data environments.
• Experience navigating across diverse teams, functions, business units and lines of defense.
• Proficiency with MS Office programs including strong Excel expertise.
• Ability to quickly learn proprietary technology applications.
• Excellent research abilities, including exposure to research tools.
• Certified Anti-Money Laundering Specialist (CAMS) certification.

Job Description:

Job Description:

This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include providing analytical and administrative support for LOB or ECF specific processes and tools to drive adherence to enterprise-wide standards. Job expectations include monitoring and testing controls and implementing quality assurance and quality control processes within the LOB or ECF by evaluating data to help identify, track, and report issues and control improvements for remediation.

Responsibilities:

• Oversees the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
• Supports the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
• Implements optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
• Conducts and coordinates quality inspection reviews to enhance employee performance and control effectiveness
• Performs QA activities including executing on controls, managing cases, and reporting results
• Executes initiatives by identifying areas of potential testing automation, procedural updates, thematic trends, test script updates, and coaching opportunities to enhance QA program success
• Supports the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews and evaluates data and information relevant to inspection metrics to support governance activities for dashboard reporting

Skills:

• Controls Management
• Issue Management
• Monitoring, Surveillance, and Testing
• Quality Assurance
• Risk Management
• Analytical Thinking
• Attention to Detail
• Critical Thinking
• Problem Solving
• Written Communications
• Decision Making
• Innovative Thinking
• Prioritization
• Recording/Organizing Information
• Research

Line of Business Job Description:

The candidate will support the Global Credit, AML and Onboarding Operations team. This role requires a strong operational risk and compliance background, and understanding of GBAM products. Acts as an ambassador of the risk culture. Incumbents typically have a minimum of 3 years of quality assurance, compliance, audit, and/or business controls experience.

Responsibilities may include:

• Perform root cause analysis of operational events and challenge control weaknesses and breakdowns to properly assess risk disposition
• Perform trend analysis and horizontal impact assessments to determine themes and identify emerging risks
• Support LOB through routine exams with regulators and internal audit
• Implement process control improvements and leverage BAC Risk Framework to effectively manage LOB risk
• Demonstrate strong collaboration, influencing, and relationship management skills to bridge key stakeholders across Audit, Risk, GCOR and LOB SMEs
• Support Audit, Exam and/or Testing processes, ensure proper governance and protocol is followed; assist with preliminary research and response tracking
• Provide solutions to help with implementation of process improvements or remediation plans to drive efficiencies and demonstrate sustainability
• Coordinate and partner across other support teams and stakeholders to ensure end-to-end process engagement and timely resolution of issues
• Be proactive in risk identification and mitigation through activity monitoring processes

Required Skills:

• Working knowledge of Risk, Quality Control/Assurance Framework
• Excellent written and verbal communication skills – ability to tailor messaging to senior management
• Able to understand, analyze, and explain complex workflows
• Self-Starter who can work independently with little guidance or direction
• Ability to meet tight deadlines while working in a flexible environment
• Attention to laws, rules & regulationsand working knowledge of regional regulations
• High technical expertise in MS Office platforms
• Project Management skills and ability to manage various project timelines with multiple competing priorities
• Strong verbal and written communication skills as well as interpersonal skills
• Ability to read and understand complex matters, anticipate risks, and summarize key information
• Critical thinking skills to assess data, artifacts and new or unfamiliar business concepts to draw conclusions that are not readily apparent
• Strong research and analytical skills and attention to detail but in context with broader business landscape
• Ability to prioritize effectively, a self-starter, organized, capable of performing work independently with minimal direction.
• Ability to interact with people in all levels of the organization and ability to organize data for executive level reporting
• Fluency in English/Spanish or English/Portuguese
• Strong presentation skills and the ability to present key messages, effective recommendations, and information in a clear, concise, insightful and influential way