Bank Of America Global Financial Crimes Manager - Red Flags Management United States, North Carolina, Charlotte 9569370
Job Description:
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.
Theserves as a subject matter authority responsible for the intake, assessment, and interpretation of red flags and regulatory guidance across the financial institution. This role ensures the organization maintains a comprehensive, current, and risk-aligned red flag framework to meet Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and global financial crime compliance obligations. The expert provides critical insights that shape policy, detection strategies, and frontline awareness, while directly supporting regulatory readiness and risk management efforts.
Responsibilities:
Manage the intake, evaluation, and classification of AML red flags, ensuring coverage of customer, product, geographic, and transactional risk dimensions.
Interpret and translate regulatory guidance, advisories, enforcement actions, and industry best practices (e.g., FinCEN, FATF, OFAC, OCC, DOJ) into actionable requirements.
Maintain and continuously update the enterprise red flag inventory, ensuring it reflects emerging risks and aligns with regulatory expectations.
Provide expert interpretation and advisory support to investigators, operations teams, and risk managers regarding the application of red flags in day-to-day monitoring and decision-making.
Collaborate with policy, standards, and model development teams to embed red flags into surveillance, transaction monitoring, due diligence, and risk assessments.
Develop clear, practical guidance and materials for use across the three lines of defense, including training content and awareness sessions.
Prepare analysis and documentation to support regulatory examinations, audits, and internal reviews focused on red flag governance and effectiveness.
Proactively identify and assess emerging trends, typologies, and financial crime risks to recommend adjustments to program coverage.
Required Qualifications:
Minimum of seven years of relevant experience - BSA/AML or financial crimes experience within a large financial institution or regulatory agency
Bachelor’s degree
In-depth knowledge of U.S. and international AML regulations, including FinCEN advisories, FFIEC Manual, FATF recommendations, and enforcement trends
Demonstrated expertise in identifying, interpreting, and applying AML red flags across financial products, services, and channels
Strong research and analytical skills with ability to synthesize complex regulatory expectations into practical, risk-based guidance
Excellent written and verbal communication skills, capable of drafting clear policies, procedures, and presentations for senior audiences
Ability to manage multiple priorities with accuracy, detail, and timeliness in a fast-paced environment
Knowledge of anti-money laundering (AML) and related AML legislation
Desired Qualifications:
Familiarity with AML detection models, scenario development, and investigative workflows
Experience engaging with regulators or audit teams on AML risk coverage and red flag frameworks
Working knowledge of sanctions, fraud, and other financial crime typologies beyond AML
Experience in financial services and/or a related government entity
Advanced degree or professional certification (e.g., CAMS, CFCS, CRCM) strongly preferred
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
Talent Development
Preferred Technical Skills:
Issues Management & Resolution
Process Management & Inventory
Project Management
Risk Control & Mitigation
Risk Governance & Reporting
Financial Crimes Risk Principles
Financial Crimes Risk Programs
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