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Global Financial Crimes Specialist-Data Aggregation and Reporting

Charlotte, North Carolina

Job Description:

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 ("GCOR") officers, including horizontal overage 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.

Activities this role performs include, but are not limited to:

 • 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 via established governance and management routines
 • Assists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
 • Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventory
 • 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 escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
 • Assists in the remediation of financial crimes related C&OR “owned” issues and control enhancements to ensure they are addressed appropriately and timely
 • Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results
 • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
 • Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
 • Supports Scenario Analysis activities for coverage areas and challenges as appropriate
 • Assists with the development of risk metrics, monitors related performance and breach remediation

The incumbent is responsible for data analysis in support of significant matters related to anti-money laundering and fraud for Global Financial Crime and Compliance (GFC) management, financial regulators, and audit. The incumbent should be proficient in applying data analysis/statistical methods using SQL/SAS, have a thorough grasp of bank data, understand the content and assumptions underlying these data sources, and identify potential data quality/consistency issues. This intelligence work could involve a joint analytical effort with others across GFC and potentially the LOBs. In addition, the incumbent will undertake projects to analyze data gathered from across GFC to identify potential risks/gaps and ensure consistency in data analysis across GFC. The incumbent will develop written products to include detailed spreadsheets, executive advisories, briefings and presentations based on the results of the analytic effort.

Required Skills:

• Ability to review/assimilate/manipulate large quantities of data, explain results in a manageable way to customers
• Strong problem solving and multitasking skills
• Strong written and verbal communication skills with the ability to discern key issues and draw appropriate conclusions
• Must have 2+ years experience working with SQL and/or SAS.
• Related software and proficiency in Microsoft applications (i.e. Word, Excel, Access, Power Point, Visio)
• Proven experience delivering results and meeting tight deadlines
• Ability to present findings to a variety of audiences clearly and concisely
• Ability to work in a dynamic team environment.

Desired Skills:
• Experience using Bank of America data and systems
• Understanding of (or demonstrable aptitude for) financial services and products
• Statistical/Modeling/Computer Science background
• Experience working in AML, fraud, and/or economic sanctions

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

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 ("GCOR") officers, including horizontal overage 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.

Activities this role performs include, but are not limited to:

 • 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 via established governance and management routines
 • Assists in the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
 • Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, 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; ensures a comprehensive regulatory inventory
 • 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 escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
 • Assists in the remediation of financial crimes related C&OR “owned” issues and control enhancements to ensure they are addressed appropriately and timely
 • Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results
 • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
 • Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
 • Supports Scenario Analysis activities for coverage areas and challenges as appropriate
 • Assists with the development of risk metrics, monitors related performance and breach remediation

The incumbent is responsible for data analysis in support of significant matters related to anti-money laundering and fraud for Global Financial Crime and Compliance (GFC) management, financial regulators, and audit. The incumbent should be proficient in applying data analysis/statistical methods using SQL/SAS, have a thorough grasp of bank data, understand the content and assumptions underlying these data sources, and identify potential data quality/consistency issues. This intelligence work could involve a joint analytical effort with others across GFC and potentially the LOBs. In addition, the incumbent will undertake projects to analyze data gathered from across GFC to identify potential risks/gaps and ensure consistency in data analysis across GFC. The incumbent will develop written products to include detailed spreadsheets, executive advisories, briefings and presentations based on the results of the analytic effort.

Required Skills:

• Ability to review/assimilate/manipulate large quantities of data, explain results in a manageable way to customers
• Strong problem solving and multitasking skills
• Strong written and verbal communication skills with the ability to discern key issues and draw appropriate conclusions
• Must have 2+ years experience working with SQL and/or SAS.
• Related software and proficiency in Microsoft applications (i.e. Word, Excel, Access, Power Point, Visio)
• Proven experience delivering results and meeting tight deadlines
• Ability to present findings to a variety of audiences clearly and concisely
• Ability to work in a dynamic team environment.

Desired Skills:
• Experience using Bank of America data and systems
• Understanding of (or demonstrable aptitude for) financial services and products
• Statistical/Modeling/Computer Science background
• Experience working in AML, fraud, and/or economic sanctions

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21048919

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Javier Flores

Referral Bonus:

0

Street Address

Primary Location:
100 N TRYON ST, NC, Charlotte, 28255