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Global Financial Crimes Specialist

Charlotte, North Carolina;

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. 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!

Job Description:

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 (“GFC”) Specialist, under supervision, assists Global Economic Sanctions executives and managers 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, and the Economic sanctions and Global Compliance - Enterprise Policies ("GC Policy”). The GFC Specialist contributes to the identification of themes and trends at the front-line unit, control function and enterprise level.


  • 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
  • Apply extensive knowledge of economic sanctions laws, rules and regulations to the design, implementation, and management of sanctions risk monitoring, testing, assessment, and analysis of FLU/CF processes.
  • Assists in the identification, aggregation, reporting, escalation, remediation, and thematic analysis of FLU/CF-owned audit Issues and Control Enhancements related to economic sanctions.
  • Assists in the remediation of economic sanctions owned Audit Issues and Control Enhancements to ensure they are addressed appropriately and timely.


  • Regulatory Compliance
  • Monitoring, Surveillance, and Testing
  • Critical Thinking
  • Risk Management
  • Issue Management
  • Policies, Procedures, and Guidelines Management
  • Written Communications
  • Talent Development
  • Coaching
  • Reporting
  • Monitoring
  • Testing
  • Issue Management
  • Metrics & Reporting
  • Risk Assessment

Minimum Education Requirement:

  • 3+ years’ experience in economic sanctions
  • Prefer candidates with monitoring, testing, or quality assurance/quality control experience.
  • Ability to handle multiple projects in dynamic environment and global team setting.
  • Excellent business stakeholder management and communication skills.
  • Proficient in MS Office.
  • Prefer candidates with GFC/Economic Sanction application experience (e.g., FircoSoft, ORCIT, PEGA, ORACLE, NetReveal.


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: No