Global Financial Crimes Manager - Change Management

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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.

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

• Provide program and control execution expertise for the Global Financial Crimes organization with a focus on strong and proactive risk management

• Overseeing the implementation and execution of GFC risk management processes, ensuring compliance with program requirements, regulatory standards, and fostering a culture of accountability and proactive risk management across the organization

• Ensure appropriate governance and oversight of the GFC Risk Program, including change execution and controls

• Assist in the preparation, coordination and execution of regulatory examinations and audits and assist as necessary with responses related to team responsibilities

• Partner effectively with GFC, GCOR and other Enterprise partners to ensure alignment of expectations and execution

• Provide oversight and governance on the GFC process and control environment, ensuring processes are documented accurately and in alignment with the Enterprise Process Management Policy and Standards  

• Escalate risks timely and appropriately. Develop solutions and deliver mitigating actions in support of risk reduction efforts

• Develop and maintain reports and routines to measure the effectiveness of the GFC Program and control environment

• Lead execution strategies and efforts to address regulatory feedback

Required Qualifications:

• Minimum of seven years of relevant experience in financial crimes, financial services industry or related field, e.g., Business Operations, Compliance and Risk Management, and/or Policy Management

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

• Able to partner effectively within the team and across the organization to deliver needed results

• Able to partner effectively within the team and across the organization to deliver needed results

• Ability to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraints

• Strong organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests

• Proven verbal and written communication and presentation skills,  including the ability to effectively convey complex information to stakeholders

• Strong analytical skills

• Ability to work under pressure, calmly within tight deadlines and escalate appropriately

• Able to develop and maintain good working relationships

• Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance

• Experience/knowledge of Global Compliance and Operational Risk and/or Global Financial Crime risk management programs

Desired Qualifications:

• Bachelor’s degree or equivalent work experience; professional cetifications (e.g., CAMS, CFE) preferred.

• 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

Shift:

1st shift (United States of America)

Hours Per Week: 

40