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. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Position Summary:
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.

Responsibilities:

• 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
• Create and document investigative cases in accordance with established procedures, quality standards, and service level expectations.
• Perform preliminary research and analysis utilizing internal systems, customer information, transactional data, and external sources.
• Evaluate referrals for completeness, accuracy, and appropriate risk indicators prior to case creation and assignment.
• Manage inventory across multiple intake channels and queues while ensuring timely processing and escalation of high-priority items.
• Support activities related to 314(a), 314(b), law enforcement requests, and other financial crimes investigative processes as applicable.
• Identify trends, anomalies, or emerging risks and escalate findings to management as appropriate.
• Ensure case documentation is clear, complete, and supports downstream investigative efforts.
• Partner with Investigations, Compliance, Operations, Legal, and business line stakeholders to facilitate effective case handling.
• Participate in process improvement initiatives focused on enhancing operational efficiency, quality, and risk mitigation.
• Adhere to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities.

Required Qualifications:

• Minimum years business and functional experience: 5 Years
• Degree required: Bachelor’s or equivalent experience
• Minimum years business and functional experience: 3 Years experience in GFC, Investigations, or Law Enforcement
• Understanding of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities

Desired Qualifications:

• Financial Services and/or related government entity​
• SQL
• Law enforcement background

Skills:

• Policies, Procedures, and Guidelines Management
• Law Enforcement
• Continuous Learner
• Critical Thinking
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Risk Management
• Issue Management
• Policies, Procedures, and Guidelines Management
• Written Communications
• Coaching
• Reporting
• Talent Development

Shift:

1st shift (United States of America)

Hours Per Week: 

40