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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Global Financial Crimes Manager under supervision, assists Global Financial Crimes executives and managers in 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 Policy.

The Global Financial Crimes (“GFC”) Data Manager 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 Policy:

• Create and maintain a regulatory inventory.

• Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.

• Conduct risk assessments, scenario analysis, and ops loss analysis

• Contribute to monitoring and testing coverage plans and related metrics.

• Contribute to the identification, collection, validation and recording of internal loss events and “near misses”. Contribute to root cause analyses on internal loss events and develop remediation plans to strengthen controls.

• Contribute to identification, review and documentation of relevant external loss events.

• Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.

• Execute governance and management routines.

• Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.

• Identify compliance and operational risk training needs and inspect Front Line Unit (“FLU”), Control Function (“CF”) and third party participation for Financial Crimes.

• Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.

• Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.

• Escalate regulatory relations concerns to GFC Compliance Manager or Executive.

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:

Minimum of seven years of relevant experience

5+ Years relevant experience in data science

Knowledge of anti-money laundering (AML) and related AML legislation

Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance

Proficient in Microsoft Office Products including advanced knowledge of Excel

Experience with proprietary BofA ADS environments, such as THOR and BaseView

Desired Qualifications:

Bachelor’s Degree in related field

Experience in financial services and/or a related government entity

Certified Anti-Money Laundering Specialist (CAMS)

Skills:

Critical Thinking

Monitoring, Surveillance, and Testing

Regulatory Compliance

Risk Management

Coaching

Issue Management

Policies, Procedures, and Guidelines Management

Strategy Planning and Development

Written Communications

External Resource Management

Reporting

Talent Development

Shift:

Hours Per Week: