Bank Of America Global Financial Crimes Specialist 

Spain, Community of Madrid, Madrid 

336925426

Job Description:

Job Title:Global Financial Crimes Specialist

Corporate Title:Up to VP

You will be working in a team that supports overall MLRO accountabilities across our global financial crimes assurance activities. This includes non-financial regulatory reporting, Sanctions Alert Review/Sanctions filings, review escalated client matters, regulatory Engagement and Client Reviews/MLRO Approvals. You will be joining an established team that offers ongoing training and development in a dynamic work environment.

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 Global Financial Crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and procedures to ensure that regulatory requirements and operational risks are appropriately addressed.
• Assists in the production of independent financial crimes risk management reporting to 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.
• Collaborates with Enterprise Independent Testing to execute independent testing of FLU/CF responsibilities.
• 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.
• Reviews and challenges the FLU/CF’s Single Process Inventory for financial crimes related processes and controls.

What we are looking for:

• Demonstrable experience working in anti-money laundering compliance, audit, risk or testing position.
• Financial Services and/or related government entity.
• Understanding of Global Payment Services products and processes.
• Great attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn and take on increasing levels of responsibility.
• Must be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidance.
• Ability to handle multiple projects in a dynamic environment and global team setting.

Skills/Qualificationsthat will help:

• Certification: ACAMS – Association of Certified Anti-Money Laundering Specialists.
• Monitoring, Surveillance, and Testing experience.
• Regulatory compliance and risk management experience.

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