Global Financial Crimes Manager - Transaction Monitoring GovernanceCharlotte, North CarolinaJob 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!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.This role assists Global Financial Crimes (GFC) executives and managers in 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 (GC Policy) and the Enterprise Fraud Risk Management Standards.This Global Financial Crimes Manager would assist in engaging other Global Compliance and Operational Risk (GCOR) officers, including horizontal coverage owners and Enterprise Areas of Coverage (EAC), to provide comprehensive oversight of the GFC Transactions Monitoring (TM) System. This role would be responsible for developing and maintaining a global TM system governance program which would allow for rapid response to regulators and internal control functions. Selected Candidate would be required to track and maintain an issues inventory to ensure timely delivery to key responses. In addition, they assist in the preparation of materials for GCOR regulatory exams, audits and inquiries and may assist with preparation for FLU/CF regulatory exams, audits, and inquiries.In this work with Automated Detection Governance, one will coordinate and review regulatory and The Audit responses, as well as capture and preform quality validations and timely delivery of governance materials – and Maintain the Automated Detection and Monitoring teams Single Process Inventory.The selected candidate will have: 7+ years in Governance Management/ Policy writing/ Single Process InventoryIssues Management – data issues, etc.; U.S. base routing point for regulatory inquiries 3+ years in Risk and Compliance functions 2+ years in Financial Crimes-Related functions Significant Executive Presentational Skills Significant Document Preparation Skills Strong Organizational Skills.Prefer background as Certified Anti-Money Laundering (AML) Specialist (CAMS), experience with AML Laws, Rules, and Regulations, and experience coordinating with regulatory agencies.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
Develop and Maintain Global Financial Crimes Systems Governance Process to ensure proper adherence to both legal and company policy requirements.
Track and escalate identified issues identified by the team through multiple remediation pathways such as Audit Issues, Model Risk Management Issues, Data Issues, Technical Project Issues.
Develop and Maintain standard “off the shelf” presentations for internal and external examinations.
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
Required Qualifications
Minimum years business and functional experience: 7 Years
Degree required: Bachelor’s degree or equivalent experience
Desired Qualifications
Financial Services and/or related government entity
Shift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .