Bank Of America GFC Financial Crimes Specialist 

Netherlands, North Holland, Amsterdam 

892924490

Job Description:

Job Title:GFC Financial Crimes Specialist

Up to Vice President

Role 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.

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

• Execute and Provide Support for Jurisdictional and Global Program Elements

• Execute process with quality, within control, and within process timeliness standards

• Support MLRO and regional teams for multi-jurisdictional case reviews in a timely manner

What we’re looking for:

• Demonstrable years of anti-money laundering/financial crimes experience in a similar or related role in a financial institution, legal or consultancy firm or with a regulatory or government authority;

• Ability to influence with impact, engaging across various levels of management, including very senior management and board levels and with regulators;

• Sound risk management skills and an ability to apply discernment, take decisions when required and to escalate concerns when necessary;

• Excellent relationship management skills;

• Can make decisions in a rapidly changing environment;

• Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;

• Great teammate, willing to interact and discuss issues in a team environment, and take pride in your work;

• Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;

• The ability to synthesize laws, rules and regulations into practice.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.