Bank Of America GFC Executive - Customer Risk Assessment & List Management Lead 

United States, North Carolina, Charlotte 

448380947

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