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. 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 role is responsible for supporting the execution of the Company's Global Financial Crimes (GFC) Program with a focus on reviewing activity in Merrill Lynch/Private Bank/Consumer Investments or Global Operations (ML/PB/CI and GWIM Ops). Key responsibilities include working closely with Global Financial Crimes executives and managers to 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 Policy and Standards.

This individual will use various tools and data analytics skills to learn to detect, escalate and report potentially suspicious activity and manage the business of money laundering risk. This individual will be trained to identify potential trends and themes to further enhance the GFC’s financial crimes oversight of compliance and operational risk. 

Responsibilities:

• Partner with business, operations and risk management teams to analyze business processes, internal controls, client behavior and transaction trends
• Identify potentially suspicious broker-dealer activity such as insider trading, market abuse/market manipulation and potentially unusual trading activity
• Participate in ad-hoc projects related to regulatory inquiries, trading and market moving news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations
• Engage with the Financial Crimes Analytics Team to assist in the enhancement/development/build of GFC surveillance tools designed to identify/detect potentially suspicious activity associated with regulatory guidance issues by the SEC and FINRA
• Develop and execute monitoring routines and evaluate test results to identify potential trends, patterns or gaps in GFC oversight of the Global Financial Crimes Program
• Perform data analysis to assess front line unit (FLU) controls and identify opportunities improve the FLU control environment
• Conduct risk assessments, threat assessments and process understandings to identify new or emerging financial crimes risks
• Evaluate client selection, transaction monitoring and relationship closure recommendations and learn to communicate findings to senior leaders in order to influence business practices
• Assist in the production of independent financial crimes risk management reporting

Skills:

• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written and Oral Communications
• Presentation and Reporting Skills

Required Qualifications:

• Bachelors’ degree or equivalent years of experience 
• 5+ Years working in anti-money laundering, compliance, audit, risk or a process/controls focused position

Desired Qualifications:

• Financial Services and/or related government entity    
• 1+ years of investment experience/work or good knowledge of investments/securities products and services.
• Certifications: ACAMS – Association of Certified Anti-Money Laundering Specialists
• Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance
• Strong personal drive, attention to detail,  individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Proven process design and project management skills
• Proficient in Microsoft Office Products including advanced knowledge of Excel
• Broker/Dealer industry experience

Shift:

Hours Per Week: