Gfc Investigator jobs at Bank Of America in United States, Charlotte

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

Responsibilities:

• Advises and directs 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
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Monitors the 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
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Required Skills:

• Minimum 7 years experience
• Strong understanding of correspondent banking products and services, including nostro/vostro accounts, payable -through arrangements, and cross-border payment flows.
• Demonstrated awareness of financial crime risks inherent in correspondent banking, such as money laundering, terrorist financing, sanctions evasion, and nested relationships.
• Ability to identify and assess jurisdictional and counterparty risks, including exposure to high-risk geographies, PEPs, and shell banks.
• Practical knowledge of Correspondent Banking Due Diligence (CBDD), including KYC/KYCC principles, enhanced due diligence triggers, and periodic review processes.
• Familiarity with transaction monitoring and screening controls applicable to correspondent banking, and understanding of how alerts and typologies manifest in this space.
• Working knowledge of global regulatory frameworks and industry standards, including FATF Recommendations, Wolfsberg Group CBDDQ, and Basel Committee guidance.
• Conceptual understanding of how financial crime detection models operate—ability to interpret outputs, understand model limitations, and connect model behavior to business risk.
• Proven ability to work independently and collaboratively across business, compliance, and operations teams to assess and mitigate correspondent banking risks.
• Strong communication and analytical skills, with the capacity to explain complex financial crime concepts clearly to non-technical stakeholders.
• Conceptual understanding of transaction monitoring and screening

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

Job Description:

Job Description:

This job is responsible for enhancing the value of our technical platforms supporting the deployment, and sustainability of financial crime detection models. This includes defining the vision and roadmap for the product, delivering well planned enhancements, and managing risks throughout the lifecycle. Key Responsibilities include research, documenting requirements, data driven backlog refinement, prioritizing enhancements, planning, testing, monitoring, tracking issues, and defining objectives for reporting routines. Job Expectations include ownership of key product decisions and deep subject matter expertise to manage complex products with large agile teams.

Key Responsibilities:

• Develops the technical platform strategy that ensures that detection models are deployed effectively, maintained robustly and continuously improved to meet evolving business and regulatory needs.
• Defines Product Vision and Roadmap to Maximize Value
• Executes and delivers through agile methodology with clear backlog and prioritization methodology
• Gathers and Documents actionable technical requirements for complex projects
• Analyzes data and synthesizes complex insights that identifies strategic improvements
• Communicates and influences key to gather buy-in on roadmap, risks, and technical decisions
• Serves as a subject matter expertise to guide key decisions and drive innovation within the area
• Owns and Manages End to End risk for the product through preventive processes, detective monitoring, and effective remediation to reduce reoccurrence

Required Qualifications :

• 7+ years of experience
• Demonstrated experience managing or deploying model-driven detection systems (AML transaction monitoring, sanctions screening, fraud detection, etc.).
• Understanding of model lifecycle management, including deployment, validation, calibration, and performance monitoring.
• Experience working with data engineering, machine learning, or analytics infrastructure in a financial institution or technology environment.
• Strong understanding of risk management and model governance frameworks (e.g., SR 11-7, OCC 2011-12).
• Project management and strategic planning skills, with the ability to translate business goals into technical deliverables.
• Ability to collaborate effectively with cross-functional teams.
• Strong analytical and problem-solving mindset, with an emphasis on sustainability, efficiency, and control robustness.
• Exceptional communication and documentation skills, capable of bridging technical and non-technical audiences.

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Coaching
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

Responsibilities:

• Advises and directs 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
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Monitors the 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
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Required Skills:

• Minimum 7 years experience
• Strong understanding of global markets products and services, including foreign exchange, fixed income, equities, derivatives, and structured products.
• Awareness of financial crime risks specific to markets activities, such as market abuse, insider trading, spoofing, layering, and misuse of information.
• Understanding of money laundering and sanctions risks in trading and capital markets, including risks arising from third-party intermediaries, client onboarding, and complex transaction structures.
• Knowledge of front-to-back trade flows and how trading desks, sales, operations, and compliance interact across the product lifecycle.
• Familiarity with client due diligence (CDD) and counterparty risk assessments tailored to institutional clients, hedge funds, and broker-dealers.
• Working knowledge of regulatory and industry frameworks, such as MAR, MiFID II, Dodd-Frank, FATF, and local AML/CTF requirements applicable to capital markets.
• Conceptual understanding of surveillance and financial crime detection models, including trade surveillance, communications monitoring, and transaction monitoring systems — ability to interpret outputs and assess model limitations.
• Ability to connect business activity patterns to potential financial crime indicators, ensuring that controls are risk-based and proportionate to product and client profiles.
• Proven ability to work independently and collaboratively across trading, compliance, risk, and operations functions to identify and mitigate financial crime risks.
• Strong analytical and communication skills, with the capacity to explain complex risk and model concepts to non-specialist stakeholders.

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

Responsibilities:

• Develop and maintain financial crime risk scoring methodologies across customers, transactions and products.
• Translate typologies and regulatory requirements into quantitative scoring logic aligned to enterprise risk appetite.
• Build, calibrate, and tune scoring models to ensure accuracy, explainability, and operational effectiveness.
• Partner with data science and technology teams to integrate scoring frameworks into detection and monitoring systems.
• Monitor and optimize model performance, conducting back-testing and threshold adjustments as risks evolve.
• Support model governance by documenting design, validation, and change management processes.
• Collaborate with investigations and intelligence teams to assess alert quality and score effectiveness.
• Provide expert guidance on scoring principles, model performance metrics, and quantitative risk management.

Required Qualifications:

• Minimum 7 years of experience
• Deep expertise in financial crime detection frameworks, including transaction monitoring, alert generation, and risk scoring methodologies.
• Proven experience designing, validating, or optimizing scoring models used for AML, sanctions, and fraud detection — including rule-based and statistical models.
• Strong conceptual understanding of how scoring mechanisms work, including weighting, calibration, thresholds, and the trade-off between precision and recall.
• Experience analyzing alert generation and case creation logic, ensuring model outputs align with true financial crime risk.
• Skilled in model performance monitoring, including effectiveness testing, back-testing, and model tuning to reduce false positives and capture emerging typologies. Strong grasp of data-driven risk segmentation — how behavioral, transactional, and customer features drive scoring outcomes.
• Familiarity with machine learning, network analytics, or anomaly detection applied to financial crime use cases.
• Deep understanding of risk management principles, control frameworks, and how model governance fits within enterprise risk and compliance structures.
• Proven capability to translate complex analytical concepts into actionable intelligence for investigators, senior management, and regulators.
• Strong quantitative, analytical, and communication skills, with the ability to bridge technical modeling and real-world risk understanding.
  

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Coaching
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.

Responsibilities:

• Advises and directs 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
• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
• Monitors the 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
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Required Skills:

• Minimum 7 years experience
• Strong understanding of trade and trade finance products, including letters of credit, collections, and guarantees.
• Awareness of TBML typologies such as over/under-invoicing, multiple invoicing, and phantom shipments.
• Ability to identify commodity- and corridor-specific risks and pricing anomalies that indicate TBML exposure. Familiarity with trade documentation and red flags in shipping, customs, and invoice data.
• Experience with customer and supply-chain due diligence, including beneficial ownership analysis and use of intermediaries.
• Understanding of cross-border settlement flows and how they relate to trade transactions.
• Knowledge of TBML detection tools and models, including rules-based and analytics-driven approaches.
• Familiarity with FATF TBML guidance and global AML/CFT expectations in trade finance.
• Proven ability to collaborate across trade, compliance, operations, and external stakeholders to identify and mitigate TBML risk.
• Strong analytical and communication skills, capable of translating complex trade evidence into clear risk insights.

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Strategy Planning and Development
• Written Communications
• External Resource Management
• Reporting

Job Description:

The Global Financial Crimes Compliance (GFCC) Investigator performs end-to-end investigations across one or more lines of business relevant to the Investigators specific area of responsibility, specifically focused on Special Investigations, Global Markets, or Global Wealth and Investment Management. In the investigative role, the Investigator conducts complex investigations, including fraud committed by external parties, securities fraud, money laundering, or terrorist financing. Responsibilities for this role include completing investigations while ensuring cases meet or exceed closure and quality metrics, reporting facts of the investigation to assist in identifying potential operational or compliance risks, and completing Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement. This role may partner with GFCC Risk Management, front line units or other stakeholders to resolve investigations. This role ultimately reports to investigations teams responsible for coverage over Special Investigations, Global Markets, or Global Wealth and Investment Management

Responsibilities:

• Completes investigations while overseeing cases meet or exceed closure and quality metrics
• Completes Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement
• Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations
• Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role

Required Qualifications:

• Minimum 5 years' experience in financial products & services
• 1 year experience with AML, Risk, or Compliance experience and/or knowledge of financial crimes typologies
• FINRA licenses including the SIE or Series 7 at minimum, or related experience
• Knowledge related to retail and/or institutional brokerage products and services and applicable compliance rules and regulations
• BSA knowledge relative to AML or Fraud
• Proficiency in Microsoft Excel / data analytics
• Self-starter capable of analyzing and reporting independently
• Communications, attention to detail, research/investigative knowledge

Desired Qualifications:

• Series 4, Series 24 licenses preferred
• Ability to analyze and manipulate large data sets
• Interaction with Front Line Units & Customers/Clients
• Bachelor's Degree in related field
• Experience in financial services and/or a related government entity
• Certified Anti-Money Laundering Specialist (CAMS)

Skills:

• Critical Thinking
• Fraud Management
• Regulatory Compliance
• Written Communications
• Investigation Management
• Policies, Procedures, and Guidelines Management
• Reporting
• Risk Management
• Coaching
• Issue Management
• Talent Development

Preferred Technical Skills:

• Risk Identification & Assessment
• Line of Business (LoB) Products, Services & Acumen
• Risk Governance & Reporting
• Financial Crimes Risk Programs
• Enhanced Due Diligence
• Customer Due Diligence
• Regulatory Knowledge
• Case Investigations & Resolution
• High Risk Activities & Typologies
• Trading & Transaction Patterns (inc. Transaction Monitoring)

Job Description:

Job Description:

The Global Financial Crimes (“GFC”) Executive is responsible for managing risks associated with financial crimes, and ensuring compliance with laws, rules and regulations relating to money laundering, economic sanctions, anti-bribery and corruption, and fraud. The GFC Executive provides advisement and oversight to leaders within Global Risk Management, Compliance and Operational Risk (“C&OR”) Officers of the Front Line Units (“FLU”), and to the FLU leaders, of front line units and Control Functions ("CF") directly. The GFC Executive must leverage expertise, judgment, and influence to constructively challenge FLU and CF leaders to support the Compliance and Operational Risk Management Program objectives, balancing business strategy with appropriate controls. This leader is responsible for directing a team of subject matter experts who as part of the second line of defense, ensure that the company is managing risk according to Bank of America’s Risk framework, Global Financial Crimes Program and Policies and Global Compliance and Operational Risk program.

GFC Executive I Role Responsibilities:

• Direct and oversee the identification, mitigation, and reporting of risks related to financial crimes; the risks of non-compliance with laws, rules, and regulations related to financial crimes; and the operational risks associated with people, processes, systems, and external events related to financial crimes.
• Direct and oversee the identification, aggregation, reporting, remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes processes.
• Escalate and debate financial crimes risks through the appropriate governance routines, including management/board level committees.
• Direct and oversee the monitoring of the external environment for regulatory change and provide updates to policies, processes, procedures, and internal controls.
• Direct and oversee the development and maintenance of a global coverage plan that defines the scope and risk-based focus of Global Financial Crimes risk management activities.

Additional Role-specific Responsibilities:

• Provide oversight for daily operations of the Global Financial Crimes Customer Risk Assessment (CRA) and List Management processes and technology.
• Coordinate with FLU partners on CRA/Risk Rating outcomes and List Management processing.
• Coordinates with Enterprise Risk Analytics; Model Risk Management; and Financial Crimes Technology on the development, enhancement and maintenance of target state CRA model and tool.
• Provide subject matter expertise and oversight in FLU processes related to CRA and List Management.
• Provide subject matter expertise and oversight in the metrics and reporting to support CRA and List Management.
• Direct oversight of the project management of the CRA remediation efforts.

Required Subject Matter Expertise and Skills:

• 10+ years of experience in financial services industry or experience in a related field.
• Critical thinker with expertise in leveraging data to optimize decision-making.
• Expertise in risk modeling, compliance, risk management and/or regulatory issues.
• Track record of engaging and influencing senior executives.
• Demonstrated ability to overcome obstacles and resistance to drive change.
• Effectively package and communicate complex content and information.
• Systems-thinking and process thinking ability / Operational Excellence mindset.
• Intellectual curiosity; seeks and leverages data effectively.
• Organizational skills and attention to detail.
• Strong written and verbal communication skills; ability to interact with validation partners (audit, MRM, and Regulators)

Skills:

• Change Management
• Decision Making
• External Resource Management
• Regulatory Compliance
• Strategy Planning and Development
• Issue Management
• Policies, Procedures, and Guidelines Management
• Risk Management
• Talent Development
• Written Communications
• Coaching
• Fraud Management
• Inclusive Leadership
• Investigation Management