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 role is for a Global Financial Crimes (GFC) Specialist on the Institutional Surveillance team, which is part of the broader Financial Intelligence Unit (FIU) – Surveillance team. The Institutional Surveillance team is responsible for identifying and mitigating new and emerging financial crime and money laundering risks across institutional clients, products and services. The team uses research and data analytics to build and execute manual surveillance routines to detect potential suspicious activity and create referrals to Financial Crimes Investigations (FCI).

 

Responsibilities:

• Support 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
• Assist in the production of independent financial crimes risk management reporting
• Monitor 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
• Contribute to risk coverage plans
• Identify trends, anomalies or emerging risks
• Build and execute manual surveillance routines to address identified risks
• Execute independent risk monitoring, testing, and risk assessments
• Escalate financial crimes related risks and issues to appropriate governance routines and management/board level committees
• Analyze and monitor institutional clients and related products and services to detect potential financial crime risks
• Generates case referrals to FCI
• Partner and collaborate with FIU – Detection, FCI, GCOR, Legal, and other business partners and stakeholders to ensure complex and/or emerging threats are effectively addressed, including providing guidance on long-term model/automated detection solutions
• Stay current on money laundering typologies and trends, and their red flags

 

Required Qualifications:

• Minimum of 3-5 years of Anti-Money Laundering experience in banking, law enforcement, intelligence, government or military
• Degree required: Bachelor’s or equivalent experience
• Understanding of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), OFAC, and other regulatory requirements governing financial crimes activities
• Understanding of markets or institutional related products and services
• Demonstrated ability to produce clear, concise, and well-organized written analyses, including investigative summaries, white papers, and executive-level communications
• Must be a self-motivated person who is comfortable working effectively with varying levels of guidance
• Proficient in Microsoft Office Products

 

Desired Qualifications:

• Law enforcement background or similar experience at a government agency
• Adept at SQL, Python, Tableau​, or have a strong desire to learn
• Certified Anti-Money Laundering Specialist (CAMS)

 

Skills:

• 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