Bank Of America Global Financial Crimes Specialist 

United States, New Jersey 

854058423

This role is responsible for supporting the execution of the Company's Global Financial Crimes (GFC) Program with a focus on reviewing activity in Merrill Lynch/Private Bank/Consumer Investments or Global Operations (ML/PB/CI and GWIM Ops). Key responsibilities include working closely with Global Financial Crimes executives and managers to 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 Policy and Standards.

Responsibilities:

• Partner with business, operations and risk management teams to analyze business processes, internal controls, client behavior and transaction trends
• Identify potentially suspicious broker-dealer activity such as insider trading, market abuse/market manipulation and potentially unusual trading activity
• Participate in ad-hoc projects related to regulatory inquiries, trading and market moving news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations
• Engage with the Financial Crimes Analytics Team to assist in the enhancement/development/build of GFC surveillance tools designed to identify/detect potentially suspicious activity associated with regulatory guidance issues by the SEC and FINRA
• Develop and execute monitoring routines and evaluate test results to identify potential trends, patterns or gaps in GFC oversight of the Global Financial Crimes Program
• Perform data analysis to assess front line unit (FLU) controls and identify opportunities improve the FLU control environment
• Conduct risk assessments, threat assessments and process understandings to identify new or emerging financial crimes risks
• Evaluate client selection, transaction monitoring and relationship closure recommendations and learn to communicate findings to senior leaders in order to influence business practices
• Assist in the production of independent financial crimes risk management reporting

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written and Oral Communications
• Presentation and Reporting Skills

Required Qualifications:

• Bachelors’ degree or equivalent years of experience
• 5+ Years working in anti-money laundering, compliance, audit, risk or a process/controls focused position

Desired Qualifications:

• Financial Services and/or related government entity
• 1+ years of investment experience/work or good knowledge of investments/securities products and services.
• Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists
• Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance
• 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
• Proven process design and project management skills
• Proficient in Microsoft Office Products including advanced knowledge of Excel
• Broker/Dealer industry experience

1st shift (United States of America)