Global 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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

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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 Specialist - Risk Program Oversight supports the Global Financial Crimes (GFC) organization by helping to monitor, assess, and strengthen the processes and controls that protect the bank from financial crimes risk. This role focuses on ensuring that GFC processes are well-documented, risks are clearly understood, and controls operate effectively.

Responsibilities:

• Support the documentation and review of GFC processes to confirm risks, controls, and metrics are clearly defined, while identifying opportunities to improve efficiency or strengthen controls in collaboration with process owners.

• Assist in gathering documentation and evidence for inspections, audits, or internal reviews and help with maintaining the Single Process Inventory (SPI) and ensuring process documentation is current and aligned with enterprise standards.

• Assess risks and controls across Global Financial Crimes programs (e.g., AML, Sanctions, Anti-Bribery & Corruption, Fraud) and support routine inspections of GFC processes and controls to confirm they are working as intended, while also identifying patterns or recurring themes in control weaknesses to support continue improvement.

• 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 addressed

• Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders

• Assists 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 needed

• Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments

• Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees

• Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes

• Assists 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 appropriately

Required Qualifications:

• Minimum of 5 years of relevant experience

• Minimum of 2 years of experience in Compliance, Operational Risk, Audit, or Financial Crimes roles

• Working knowledge of risk and control concepts (e.g., control design, issue management, testing)

• Strong attention to detail with the ability to manage multiple deliverables and deadlines

• Proficient in Microsoft Office (Excel, PowerPoint, Word) and familiar with data tracking or reporting tools (Tableau)

• Degree required: Bachelor's or equivalent experience

Desired Qualifications:

• Financial Services and/or related government entity​

Skills:

• Critical Thinking

• Monitoring, Surveillance, and Testing

• Regulatory Compliance

• Risk Management

• Issue Management

• Policies, Procedures, and Guidelines Management

• Written Communications

• Coaching

• Reporting

• Talent Development

Preferred Technical Skills:

• Issues Management & Resolution

• Process Management & Inventory

• Project Management

• Risk Control & Mitigation

• Risk Governance & Reporting

• Financial Crimes Risk Principles

• Financial Crimes Risk Programs

Shift:

Hours Per Week: