Bank of America
Global Financial Crimes Investigations Specialist
Bank of America, Chicago, Illinois, United States, 60290
Overview
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 execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that 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 Policies and the Enterprise Fraud Risk Management Standards. Responsibilities
Supports 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 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, 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 Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees 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 review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately Skills
Critical Thinking Monitoring, Surveillance, and Testing Regulatory Compliance Risk Management Issue Management Policies, Procedures, and Guidelines Management Written Communications Coaching Reporting Talent Development Required Qualifications
Minimum 5 years of overall experience in risk management, financial crimes, or related risk function Minimum 2 years' experience in AML investigations, as an investigator, Sr Investigator, or Investigations Specialist-type role Degree required: Bachelor’s or equivalent experience Desired Qualifications
Experience with Institutional retail brokerage QC/QA background Senior investigations experience Strong written communication skills Critical thinking skills; ability to think outside the box Experience escalating "out-of-pattern" or "unique risk pattern" issues Financial Services and/or related government entity Shift
1st shift (United States of America) Hours Per Week
40 Pay Transparency details
US - CT - Farmington - 70 Batterson Park Rd (CT2515), US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032) Pay and benefits information Pay range $75,000.00 - $127,200.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This 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. Benefits This 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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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 execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that 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 Policies and the Enterprise Fraud Risk Management Standards. Responsibilities
Supports 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 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, 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 Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees 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 review of internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately Skills
Critical Thinking Monitoring, Surveillance, and Testing Regulatory Compliance Risk Management Issue Management Policies, Procedures, and Guidelines Management Written Communications Coaching Reporting Talent Development Required Qualifications
Minimum 5 years of overall experience in risk management, financial crimes, or related risk function Minimum 2 years' experience in AML investigations, as an investigator, Sr Investigator, or Investigations Specialist-type role Degree required: Bachelor’s or equivalent experience Desired Qualifications
Experience with Institutional retail brokerage QC/QA background Senior investigations experience Strong written communication skills Critical thinking skills; ability to think outside the box Experience escalating "out-of-pattern" or "unique risk pattern" issues Financial Services and/or related government entity Shift
1st shift (United States of America) Hours Per Week
40 Pay Transparency details
US - CT - Farmington - 70 Batterson Park Rd (CT2515), US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - MD - Hunt Valley - 11333 MCCORMICK RD - HUNT VALLEY II (MD5032) Pay and benefits information Pay range $75,000.00 - $127,200.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This 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. Benefits This 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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