Global Financial Crimes Specialist

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Global Financial Crimes Specialist

Apply locations Charlotte New York Atlanta Dallas Chicago time type Full time posted on Posted 4 Days Ago job requisition id 25020609

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 supporting the risk management of substantive money laundering, economic sanctions and fraud compliance and operational risk practices for the Global Banking Global Financial Crimes team. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of business-related compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.

Responsibilities:

• Partner with business, operations and risk management teams to analyze business processes, internal controls, client behavior and transaction trends
• Participate in ad-hoc projects related to regulatory inquiries, news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations
• 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
• Assists in the monitoring of changes in regulations applicable to Global Financial Crimes
• Evaluates the risk of assigned financial-crimes related issues, monitors progress and recommends acceptance of action plans and closure activities working with GFC Risk Officers
• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Develop, recommend and execute monitoring routines and evaluate and disposition test results working with key stakeholders that relate to potential trends, patterns or gaps in FLU performance of the Global Financial Crimes Program

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Coaching
• Reporting
• Talent Development

Preferred Technical Skills:

• Risk Identification & Assessment
• Issues Management & Resolution
• Line of Business (LoB) Products, Services & Acumen
• Financial Crimes Risk Programs
• Enhanced Due Diligence
• Credible Challenge
• Customer Due Diligence
• Regulatory Knowledge
• High Risk Activities & Typologies
• Financial Crimes Compliance Risk Principles

Required Qualifications:

• Minimum 5 years of business and/or functional experience in financial services industry, risk management, financial crimes, testing, or experience in a related/relevant field
• Minimum 3 years of experience in monitoring, testing, and/or quality assurance/quality control function
• Bachelors degree or equivalent work experience
• Demonstrated experience engaging professionally with senior leadership and internal/external senior partners, escalating issues for effective resolution, and executing appropriate issues management
• Excellent business stakeholder management and communication skills, including the ability to work effectively in a dynamic, cross-functional environment

Desired Qualifications:

• Experience in financial services and/or a related government entity
• Ability to work & effectively communicate with cross functional teams
• Strong written and verbal communication skills and the ability to communicate and work with all levels within the organization
• Experience and strong ability to work in a fast-paced, high-pressure environment and manage multiple priorities effectively

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$75,000.00 - $127,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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Bank of America is committed to help employees through the transition period when theyre displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.

Regardless of the position you are interested in, the starting points to building your resume are the same:
1.Determine the job or types of jobs you want to do and research their responsibilities and qualifications.
2.Think about why you can do the job and make a list of your skills that are relative to the job.
3.Identify experiences or accomplishments that show your proficiency in the skills required for the job.
4.Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume
Do be brief. Resumes should be 1-2 pages in length.
Do be upbeat and active in your wording.
Do emphasize what you have done clearly and concretely.
Do be neat and well organized.
Do have others proofread and critique your resume. Spell check. Make it error free.
Do use high quality, white or light colored 8 x 11 paper. Use a laser printer if possible.
Don't be dishonest, always tell the truth about yourself in the most flattering light.
Don't include salary history or requirements.
Don't include references.
Don't include accomplishments that do not support your professional goals.
Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)
Don't use italics, underlining, shadows or other fancy treatments.

Seven steps to a successful interview
1.Anticipate Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?
2.Research What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?
3.Assess Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.
4.Prepare Answers Think about what the interviewer may ask, determine what the best answer is and write it down.
5.Prepare Questions Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.
6.Practice It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.
7.Follow-up Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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