Bank of America
Global Financial Crimes Manager - Economic Sanctions
Bank of America, Tampa, Florida, us, 33646
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.
This job is responsible for executing substantive economic sanctions 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 risk management requirements.
Bank of America is seeking a highly motivated and detail‑oriented professional to join our Global Financial Crimes team as a Global Financial Crimes Manager – Economic Sanctions. This individual contributor role will be responsible for providing subject matter expertise and advisory support on sanctions compliance matters to ensure the bank’s adherence to regulatory requirements and internal policies.
Responsibilities
Provide guidance on sanctions‑related matters, including compliance with OFAC, EU, UK, and other global sanctions regimes
Assess and advise on sanctions risks related to transactions, clients, products, and services
Conduct sanctions risk assessments and escalate potential sanctions violations to senior compliance leadership as needed
Support the development, implementation, and enhancement of sanctions compliance policies, procedures, and controls
Advise internal stakeholders, including business units and operations teams, on sanctions‑related regulatory requirements and best practices
Review and analyze alerts, transactions, and investigations related to potential sanctions violations
Assist in regulatory inquiries, audits, and examinations related to sanctions compliance
Monitor and interpret regulatory developments, enforcement actions, and industry trends to enhance the bank’s sanctions compliance framework
Collaborate with other compliance, legal, and risk management teams to ensure a coordinated approach to sanctions compliance
Contribute to training programs and awareness initiatives to promote a strong sanctions compliance culture across the organization
Advise and direct the development and maintenance of financial crimes owned policies and standards, and review relevant FLU/CF‑owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
Produce and/or oversee independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
Monitor the changes in sanctions laws and regulations, 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
Participate in industry forums and monitor regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
Escalate sanctions‑related compliance and operational risks and issues to appropriate governance routines, management/board level committees
Identify, aggregate, report, elevate, inspect, and challenge the remediation and thematic analysis of FLU/CF‑owned issues and control enhancements related to sanctions
Required Qualifications
Minimum of seven years of relevant experience
5+ years of experience in sanctions compliance or a related risk management role within the financial services industry
Strong knowledge of U.S. and international sanctions laws, including OFAC regulations, EU and UK sanctions, and other relevant global frameworks
Familiarity with sanctions screening tools, investigative techniques, and risk assessment methodologies
Strong analytical and problem‑solving skills, with the ability to assess complex issues and provide clear recommendations
Excellent written and verbal communication skills, with the ability to interact effectively with stakeholders at all levels
Knowledge of anti‑money laundering (AML) and related AML legislation
Desired Qualifications
Bachelor’s Degree in Finance, Business, Law, International Relations, or a related field (Master’s or JD preferred)
Experience in financial services and/or a related government entity
Relevant certifications (e.g., CAMS, CGSS, or similar)
Skills
Regulatory Compliance
Monitoring, Surveillance, and Testing
Critical Thinking
Risk Management
Issue Management
Policies, Procedures, and Guidelines Management
Strategy Planning and Development
Coaching
Written Communications
Reporting
External Resource Management
Talent Development
Preferred Technical Skills
Data Analysis, Interpretation & Decisioning
Issues Management & Resolution
Risk Identification & Assessment
Risk Monitoring & Testing
Products, Services & Acumen – Line of Business (LoB) – GFC
AML Regulatory Knowledge
Enhanced Due Diligence
Financial Crimes Risk Principles
Threat Assessment
Legal Expertise
Policy Analysis and Development
Political Awareness
Sanctions Principles
Screening Process Adherence
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information: Pay range $105,000.00 – $170,000.00 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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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.
This job is responsible for executing substantive economic sanctions 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 risk management requirements.
Bank of America is seeking a highly motivated and detail‑oriented professional to join our Global Financial Crimes team as a Global Financial Crimes Manager – Economic Sanctions. This individual contributor role will be responsible for providing subject matter expertise and advisory support on sanctions compliance matters to ensure the bank’s adherence to regulatory requirements and internal policies.
Responsibilities
Provide guidance on sanctions‑related matters, including compliance with OFAC, EU, UK, and other global sanctions regimes
Assess and advise on sanctions risks related to transactions, clients, products, and services
Conduct sanctions risk assessments and escalate potential sanctions violations to senior compliance leadership as needed
Support the development, implementation, and enhancement of sanctions compliance policies, procedures, and controls
Advise internal stakeholders, including business units and operations teams, on sanctions‑related regulatory requirements and best practices
Review and analyze alerts, transactions, and investigations related to potential sanctions violations
Assist in regulatory inquiries, audits, and examinations related to sanctions compliance
Monitor and interpret regulatory developments, enforcement actions, and industry trends to enhance the bank’s sanctions compliance framework
Collaborate with other compliance, legal, and risk management teams to ensure a coordinated approach to sanctions compliance
Contribute to training programs and awareness initiatives to promote a strong sanctions compliance culture across the organization
Advise and direct the development and maintenance of financial crimes owned policies and standards, and review relevant FLU/CF‑owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
Produce and/or oversee independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
Monitor the changes in sanctions laws and regulations, 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
Participate in industry forums and monitor regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
Escalate sanctions‑related compliance and operational risks and issues to appropriate governance routines, management/board level committees
Identify, aggregate, report, elevate, inspect, and challenge the remediation and thematic analysis of FLU/CF‑owned issues and control enhancements related to sanctions
Required Qualifications
Minimum of seven years of relevant experience
5+ years of experience in sanctions compliance or a related risk management role within the financial services industry
Strong knowledge of U.S. and international sanctions laws, including OFAC regulations, EU and UK sanctions, and other relevant global frameworks
Familiarity with sanctions screening tools, investigative techniques, and risk assessment methodologies
Strong analytical and problem‑solving skills, with the ability to assess complex issues and provide clear recommendations
Excellent written and verbal communication skills, with the ability to interact effectively with stakeholders at all levels
Knowledge of anti‑money laundering (AML) and related AML legislation
Desired Qualifications
Bachelor’s Degree in Finance, Business, Law, International Relations, or a related field (Master’s or JD preferred)
Experience in financial services and/or a related government entity
Relevant certifications (e.g., CAMS, CGSS, or similar)
Skills
Regulatory Compliance
Monitoring, Surveillance, and Testing
Critical Thinking
Risk Management
Issue Management
Policies, Procedures, and Guidelines Management
Strategy Planning and Development
Coaching
Written Communications
Reporting
External Resource Management
Talent Development
Preferred Technical Skills
Data Analysis, Interpretation & Decisioning
Issues Management & Resolution
Risk Identification & Assessment
Risk Monitoring & Testing
Products, Services & Acumen – Line of Business (LoB) – GFC
AML Regulatory Knowledge
Enhanced Due Diligence
Financial Crimes Risk Principles
Threat Assessment
Legal Expertise
Policy Analysis and Development
Political Awareness
Sanctions Principles
Screening Process Adherence
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information: Pay range $105,000.00 – $170,000.00 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.
#J-18808-Ljbffr