Bank Of America Private Bank Financial Crimes Business Control Specialist 

United States, New Jersey 

515014374

Job Description:

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The position requires experience in Financial Crimes compliance including monitoring, quality assurance onboarding and maintenance requirements. The ability to identify, assess and escalate risks within the business, recommend solutions to address and mitigate risks and proactively improve policies, procedures is also required.

Responsibilities will include supporting the Private Bank Financial Crimes (FC) Program, specifically:

• Implement the Onboarding and Maintenance requirements with focus on enhanced due diligence for higher risk clients:
  • Oversight and timely resolution of process improvements and execution
  • Input on technology solutions and implementation
• Collaborating with Private Bank Financial Crimes teammates to develop process documentation around activities to mitigate financial crimes risk
• Developing and implementing quality assurance routines to oversee financial crimes-related processes
• Maintaining robust documentation to support oversight routines and activities
• Support FLU Training development and implementation
• Review relevant PB policies / procedures to ensure they accurately reflect process execution and Bank standards

Required Skills

• 5+ Years working in anti-money laundering, compliance, audit, risk or a process/controls focused position.
• Minimum 3+ years analytical experience with a strong track record of supporting multiple interdependent and complex projects and the ability to learn/adapt quickly. ­
• Ability to work independently and prioritize multiple projects/requests
• Highly organized with strong attention to detail
• Proven analytical mindset, with some experience working with large data sets
• Experience with quality assurance and monitoring key business controls
• Proficient in Excel, Power Point and Microsoft Word

Desired Skills

• Strong understanding of banking risk management
• Working knowledge of Anti Money Laundering and Economic Sanctions data analysis
• Experience with supporting projects requiring audit and regulatory approvals
• Proven strong communication skills (both written and oral)
• Ability to prioritize work effectively under tight timelines

1st shift (United States of America)