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Bank of America - Pennington, NJ
posted about 2 months ago
About the position
The Global Financial Crimes Manager at Bank of America is responsible for executing compliance and operational risk practices related to money laundering, economic sanctions, and fraud. This role involves advising on policy development, overseeing risk management reporting, monitoring regulatory changes, and ensuring compliance across various business units. The position emphasizes collaboration with compliance officers and business leaders to address regulatory requirements and mitigate risks effectively.
Responsibilities
- Advises and directs the development and maintenance of financial crimes owned policies and standards.
- 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 changes in regulations applicable to Global Financial Crimes and advises business leaders on necessary policy amendments.
- Participates in industry forums to identify and mitigate emerging risks related to financial crimes.
- Escalates compliance and operational risks to appropriate governance routines and management committees.
- Identifies, aggregates, reports, and challenges remediation and thematic analysis of FLU/CF-owned issues related to financial crimes.
- Reviews and challenges internal and external operational loss events and develops remediation plans.
Requirements
- 5+ years of experience in regulatory reporting, data, compliance, or risk functions.
- Bachelor's Degree or equivalent experience.
- 3-5 years of experience as a Data Analyst or similar role in the financial services industry.
- Strong proficiency in data mining/analytics tools such as Toad, Teradata SQL Assistant, Microsoft SQL Server, and SAS.
Nice-to-haves
- 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
Benefits
- Competitive benefits to support physical, emotional, and financial well-being.
