Bank Of America Global Financial Crimes Manager - Investigations Risk 

United States, North Carolina, Charlotte 

279634434

Job Description:

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.

The Global Financial Crimes Investigations Risk Manager is responsible for managing and mitigating financial crime operational risks. This role involves developing risk management strategies and ensuring compliance with regulatory standards. The manager will work closely with various departments to create a robust financial crime risk framework and promote a culture of compliance and ethical behavior.

Risk Management Activities will include:

• Identify, assess, and monitor AML and Fraud financial crime operational risks

• Ensure compliance with relevant regulations and industry standards

• Collaborate with internal stakeholders, such as legal, compliance and audit teams during investigations

• Coordinate with external stakeholders, including law enforcement and regulatory agencies as needed

• Influence peers and executives across organization to remove road blocks and take action on QA deliverables, regulatory requirements and process improvements

• Ensure proper testing and validation of process and key metrics aligned to process inventory

• Maintains a culture of compliance and supports identification, escalation and timely mitigation of compliance risks

• Applies knowledge and expertise to influence business managers and peers to ensure enforcementof high quality and risk standards

• Notifies key stakeholders of trends and concerns in order to ensure timely response to issues. Interfaces with auditors, business and support leaders

• Prepare and present regular reports on financial crime risks and investigations to senior management

• Maintain comprehensive documentation of investigation processes, findings, and outcomes

• Ensure timely and accurate reporting to regulatory authorities as required

• Foster strong relationships with key stakeholders across the organization

• 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 committees

• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of issues and control enhancements related to financial crimes

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 Qualifications:

• Minimum of 5 years of relevant experience

• Knowledge of anti-money laundering (AML) and related AML legislation

• Excellent analytical and problem-solving skills

• Strong communication and interpersonal skills

• Ability to work effectively in a fast-paced and dynamic environment

• Monitoring, Surveillance, and Testing

• Regulatory Compliance

• Risk Management

• Strong leadership and decision making capabilities

• Ability to influence and drive change across the organization

• Proficient in using technology and data analytics

• Issue Management

• Policies, Procedures, and Guidelines Management

• Strategy Planning and Development

Desired Qualifications:

• 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

• 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

1st shift (United States of America)