Bank of America
GFC Investigator – Commercial (AML/Fraud)
Bank of America, Jersey City, New Jersey, United States, 07390
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Overview
Job Description:
This job is responsible for performing end-to-end investigations or investigations support functions of external financial crimes activities across one or more lines of business. Key responsibilities include conducting routine to complex investigations, including fraud committed by external parties, money laundering, or terrorist financing and acting as the liaison to Law Enforcement as required. Job expectations include providing coaching and inputs to investigators to improve case quality, ensure all cases are sufficiently investigated and findings are adequately documented. Responsibilities
Reviews, analyzes, and makes recommendations on investigations, while identifying enhancements to ensure cases meet or exceed closure and quality metrics Reviews Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role Supports the identification of improvements to the investigations and case assignment processes to enhance the effectiveness of investigative procedures Participates in the case assignment process to distribute work across the investigative team Skills
Coaching Quality Assurance Regulatory Compliance Policies, Procedures, and Guidelines Management Issue Management Reporting Preferred Technical Skills
Line of Business (LoB) Products, Services & Acumen Risk Governance & Reporting Financial Crimes Risk Programs Regulatory Knowledge Case Investigations & Resolution High Risk Activities & Typologies Required Qualifications
Minimum 5 years\' experience in anti-money laundering (AML), financial crimes investigations, including consumer or complex investigations Proficiency in Microsoft Excel is needed Strong writing skills / report writing (SARs) Desired Qualifications
Bachelor's Degree in related field Experience in financial services and/or a related government entity Certified Anti-Money Laundering Specialist (CAMS) Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists Age requirement: Must at least be 18 years of age. Additional Information
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 . This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. Please note : Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.
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Job Description:
This job is responsible for performing end-to-end investigations or investigations support functions of external financial crimes activities across one or more lines of business. Key responsibilities include conducting routine to complex investigations, including fraud committed by external parties, money laundering, or terrorist financing and acting as the liaison to Law Enforcement as required. Job expectations include providing coaching and inputs to investigators to improve case quality, ensure all cases are sufficiently investigated and findings are adequately documented. Responsibilities
Reviews, analyzes, and makes recommendations on investigations, while identifying enhancements to ensure cases meet or exceed closure and quality metrics Reviews Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role Supports the identification of improvements to the investigations and case assignment processes to enhance the effectiveness of investigative procedures Participates in the case assignment process to distribute work across the investigative team Skills
Coaching Quality Assurance Regulatory Compliance Policies, Procedures, and Guidelines Management Issue Management Reporting Preferred Technical Skills
Line of Business (LoB) Products, Services & Acumen Risk Governance & Reporting Financial Crimes Risk Programs Regulatory Knowledge Case Investigations & Resolution High Risk Activities & Typologies Required Qualifications
Minimum 5 years\' experience in anti-money laundering (AML), financial crimes investigations, including consumer or complex investigations Proficiency in Microsoft Excel is needed Strong writing skills / report writing (SARs) Desired Qualifications
Bachelor's Degree in related field Experience in financial services and/or a related government entity Certified Anti-Money Laundering Specialist (CAMS) Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists Age requirement: Must at least be 18 years of age. Additional Information
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling
1.877.760.2076 . This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days. Please note : Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.
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