Bank Of America Global Financial Crimes Manager - Quality 

United States, North Carolina, Charlotte 

429052729

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.

Additional activities include but not limited to:

• Will lead remediation of regulatory findings and issues, manage and execute functional requirements, ensure adherence to internal/external regulations, and monitor program efficiency.

• Leads action plans for Issues related to GFC Quality Assurance and other issues as applicable.

  ​Will conduct a target state analysis and related gap assessment to identify actions needed to enhance the GFC Quality Assurance program and will document and execute plans to implement enhancements.

• Serves as liaison with GCOR for GFC Quality Assurance matters.

• Leads engagement with GFC leaders and stakeholders (US and non-US) for GFC Quality Assurance requirements.

• Owns and maintains Standard Operating Procedures.

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

• 7 or more years of relevant work experience in Financial Services or Government entity

• Education requirement: Bachelor degree in relevant area or Equivalent experience

• Demonstrated ability to handle multiple projects in a dynamic environment and global team setting

• Ability to give clear direction and help prioritize activities for the team

• Strong Written and Oral Communications

• Strong personal drive, 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

• Understanding of Global Payment Services products and processes

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)