Bank of America

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.. The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of 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 ("GC Policy"), and the Enterprise Fraud Risk Management Standards.. The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities.

financial crimes specialist

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. 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!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.The Global Financial Crimes ("GFC") Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of 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 ("GC Policy"), and the Enterprise Fraud Risk Management Standards.The GFC Specialist assists in engaging other Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.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 addressedAssists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders via established governance and management routinesAssists 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 neededContributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessmentsSupports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committeesAssists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimesAssists 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 appropriatelyAssists in the remediation of financial crimes related C&OR "owned" issues and control enhancements to ensure they are addressed appropriately and timelyReviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)Supports Scenario Analysis activities for coverage areas and challenges as appropriateAssists with the development of risk metrics, monitors related performance and breach remediationAssists in the filing of all regulatory reports for the Company related to Financial CrimesRequired Qualifications:Minimum of 5 years of relevant experienceDegree required: Bachelor's or equivalent experienceIntermediate ExcelDesired Qualifications:Financial Services and/or related government entitySkills:Critical ThinkingMonitoring, Surveillance, and TestingRegulatory ComplianceRisk ManagementIssue ManagementPolicies, Procedures, and Guidelines ManagementWritten CommunicationsCoachingReportingTalent DevelopmentShift:1st shift (United States of America)Hours Per Week:40

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