Bank Of America Global Financials Crimes Specialist 

Brazil, São Paulo, São Paulo 

208177326

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.