Bank Of America Global Financial Crimes Manager 

United States, North Carolina, Charlotte 

537236538

Job Description:

Job Description:

The Global Financial Crimes Manager under supervision, assists Global Financial Crimes executives and managers in 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 (GC Policy), and the Enterprise Fraud Risk Management Policy.

The Global Financial Crimes (“GFC”) Data Manager under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of 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 ("GC Policy”), and the Enterprise Fraud Risk Management Policy:

• Create and maintain a regulatory inventory.

• Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.

• Conduct risk assessments, scenario analysis, and ops loss analysis

• Contribute to monitoring and testing coverage plans and related metrics.

• Contribute to the identification, collection, validation and recording of internal loss events and “near misses”. Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.

• Contribute to identification, review and documentation of relevant external loss events.

• Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.

• Execute governance and management routines.

• Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.

• Identify compliance and operational risk training needs and inspect Front Line Unit (“FLU”), Control Function (“CF”) and third party participation for Financial Crimes.

• Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.

• Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.

• Escalate regulatory relations concerns to GFC Compliance Manager or Executive.

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 seven years of relevant experience

• 5+ Years relevant experience in data science

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

• Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance

• Proficient in Microsoft Office Products including advanced knowledge of Excel

• Experience with proprietary BofA ADS environments, such as THOR and BaseView

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)