Global Financial Crimes Manager - FIU Detection & US Transaction Monitoring

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!

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

Required Qualifications:

• Subject Matter Expertise in Transaction Monitoring solutions and models
• Understanding of Monitoring Scoring methodologies and mechanism to improve false positive reduction
• Understanding of Internal referral systems and management for financial crimes identification and reporting
• Understanding of Model Risk Management principles for financial crimes
• Subject Matter Expertise in Banking and Financial Crimes Technologies (specifically customer onboarding, customer profiling, account management systems)
• Subject Matter Expertise in Customer Due Diligence and Customer Risk Rating for Financial Crimes
• Understanding of database structures, technologies and design
• Understanding of end-to-end data processing and management
• Subject Matter Expertise in AML transaction monitoring and identification of potentially suspicious activities
• Understanding of AML Monitoring methodologies and mechanism to improve false positive reduction
• Experience in building financial crimes metrics and reporting platforms and processes
• Subject Matter Expertise in Large Corporate Banking (US and outside US)
• Subject Matter Expertise in Global Markets and Investments
• Deep knowledge on Wire and ACH Payment processing and platforms

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Policies, Procedures, and Guidelines Management
  Written Communications

Shift:

1st shift (United States of America)

Hours Per Week:

40