Global Financial Crimes Manager

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! Job Description: This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements. Responsibilities: Advises and directs 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 Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders Monitors the 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 Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately Identify, assess, and monitor emerging risks within financial crimes investigations. Conduct end-to-end process analysis to uncover inefficiencies and recommend improvements that enhance investigative outcomes. Lead initiatives to reduce non-value-added processes and create robust, high-value investigation outcomes. Develop and implement risk-based internal controls to prevent, detect, and report financial crimes. Evaluate the effectiveness of internal controls and identify gaps or weaknesses. Provide subject matter expertise to support the development of regulatory changes. Monitor regulatory changes and advise business leaders on implications; ensure timely updates to policies, standards, and procedures. Escalate financial crimes-related compliance and operational risks to appropriate governance bodies. Oversee remediation of financial crimes-related compliance and operational risk issues. Design and monitor key risk and control performance metrics; report on performance and breach remediation. Analyze investigation performance data and trends to provide actionable feedback and foster an inclusive team environment. Required Qualifications: Minimum of seven years of relevant experience Knowledge of anti-money laundering (AML) and related AML legislation Strong knowledge of business process management methodology. Excellent verbal and written communication and presentation skills. Proven ability to conduct root cause analysis and solve complex problems collaboratively. Solutions-oriented mindset with strong critical thinking and business acumen. Ability to thrive in a fast-paced, ambiguous environment and manage multiple priorities effectively. Highly organized with strong multi-tasking capabilities. Ability to analyze complex data and recommend outcomes Desired Qualifications: Bachelor's Degree in related field Experience in financial services and/or a related government entity Experience related to retail and/or institutional brokerage products and services and applicable compliance rules and regulations Certified Anti-Money Laundering Specialist (CAMS) Intermediate proficiency in process mapping and journey design. Experience in change management or project management. Comfortable navigating complex or ambiguous situations. Lean Six Sigma Green Belt or Black Belt certification preferred. Skills: Critical Thinking Monitoring, Surveillance, and Testing Regulatory Compliance Risk Management Coaching Issue Management Policies, Procedures, and Guidelines Management Strategy Planning and Development Written Communications External Resource Management Reporting Talent Development Preferred Technical Skills: Data Analysis, Interpretation & Decisioning Issues Management & Resolution Process Management & Inventory Project Management Risk Identification & Assessment Risk Monitoring & Testing Products, Services & Acumen - Line of Business (LoB) - GFC AML Regulatory Knowledge Case Investigations & Resolution Financial Crimes Risk Programs Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $105,000.00 - $170,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - Privacy Statement -