Charlotte, North Carolina

Job Description:

The Global Financial Crimes ("GFC") Specialist 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 Standards.

The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

Activities this role performs include, but are not limited to:

• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
• Assists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventory
• 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 escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Assists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timely
• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results
• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
• Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
• Supports Scenario Analysis activities for coverage areas and challenges as appropriate
• Assists with the development of risk metrics, monitors related performance and breach remediation

Additional activities may include:

• Assists in the filing of all regulatory reports for the Company related to Financial Crimes

The Global Financial Crimes ("GFC") Specialist, under supervision, assists Global Financial Crimes executives and managers with various activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Enterprise Financial Crimes Policy and Standards.

This is a role focused on Consumer Small Business, Global Wealth Management, Merchant Services and related Global Technology and Operations financial crimes compliance and controls, responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team.

Responsibilities may include identification, escalation, and resolution of financial crimes issues, writing and contributing to financial crimes risk assessments, coordinating materials and retaining documentation for related audits and examinations, reviewing and dispositioning relationship closure recommendations, communicating across various levels of management and diverse business areas, creating reporting and/or tracking documentation, and assessing customer and front line unit activities to detect and deter financial crimes.

Required:
* 5 years Financial Industry experience
* College degree OR 3 years experience with AML/BSA (or other financial crimes matters)
* Ability to use Microsoft Excel and Power Point applications

Desired:
* Audit and/or economic sanctions experience
* Project management experience

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

The Global Financial Crimes ("GFC") Specialist 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 Standards.

The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

Activities this role performs include, but are not limited to:

• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
• Assists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventory
• 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 escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Assists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timely
• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results
• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
• Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
• Supports Scenario Analysis activities for coverage areas and challenges as appropriate
• Assists with the development of risk metrics, monitors related performance and breach remediation

Additional activities may include:

• Assists in the filing of all regulatory reports for the Company related to Financial Crimes

The Global Financial Crimes ("GFC") Specialist, under supervision, assists Global Financial Crimes executives and managers with various activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Enterprise Financial Crimes Policy and Standards.

This is a role focused on Consumer Small Business, Global Wealth Management, Merchant Services and related Global Technology and Operations financial crimes compliance and controls, responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team.

Responsibilities may include identification, escalation, and resolution of financial crimes issues, writing and contributing to financial crimes risk assessments, coordinating materials and retaining documentation for related audits and examinations, reviewing and dispositioning relationship closure recommendations, communicating across various levels of management and diverse business areas, creating reporting and/or tracking documentation, and assessing customer and front line unit activities to detect and deter financial crimes.

Required:
* 5 years Financial Industry experience
* College degree OR 3 years experience with AML/BSA (or other financial crimes matters)
* Ability to use Microsoft Excel and Power Point applications

Desired:
* Audit and/or economic sanctions experience
* Project management experience

Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

The Global Financial Crimes ("GFC") Specialist 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 Standards.

The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

The Global Markets Risk Management Coverage team provides coverage of Bank of America Securities and the Equities and Fixed Income, Currencies and Commodities businesses.

Activities this role performs include, but are not limited to:
  • Partner with the business, compliance and risk functions to gain an in-depth understanding of the business, asset classes and customers and the controls to prevent, detect and report financial crimes.
  • Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, and prepares communication material of the outcome to the FLU/CF and GCOR Senior Leaders.
  • Undertake in-depth risk assessments and monitoring reviews to assess the adequacy and appropriateness of controls and process compared to the threats and risks posed; and raise Audit Issues as appropriate
  • Monitors changes in regulations applicable to GFC, conducting impact assessment and partnering with GFC Policy team to implement procedures and/or processes to address those changes.
  • Responsible for timely raising of Audit Issues and oversight of the remediation to ensure they are sustainable; and conducting thematic analysis of issues periodically.
  • Partner with GCOR, EIT and other GFC functions to analyze unusual client behaviors in trading and payment activities.
  • Identify financial crime training and education requirements in the business and in compliance and assists in the development and delivery of requisite training

Required:
  • 5+ years of experience in financial crimes compliance, operational risk, and/or regulatory compliance
  • 3+ years in-depth Global Markets industry experience
  • Excellent stakeholder management and communications skills with the ability to debate and influence senior stakeholders in the business and compliance
  • The ability to synthesize laws, rules and regulations into practice.

Desired Skills and Experience:
  • Shares opinion with confidence; is persistent and tenacious for what is right
  • Strong business process knowledge and ability to collect and analyze data, including excellent Vlookup and pivot-tables skills
  • Can make decisions in a rapidly changing environment;
  • Ability to self-identify priorities, deliver to deadlines and handle challenging demands and partners;
  • Able to deliver a flexible and solutions driven perspective, to solve problems and to seek answers to complex issues;


Shift:
1st shift (United States of America)

Hours Per Week:
40
Learn more about this role

Charlotte, North Carolina

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