GFC Executive, Global Markets

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:The Global Financial Crime (GFC) Executive I contributes to the strategic direction and execution of enterprise-wide money laundering, economic sanctions, and fraud compliance and operational risk practices in accordance with applicable laws, regulations, and regulatory guidance. The executive serves as a trusted advisor to Global Compliance and Operational Risk (GCOR) Officers supporting Front Line Units (FLUs) and Control Functions (CFs), as well as senior leaders across the organization.This executive will lead a team of Global Financial Crimes Risk Managers and Specialists responsible for the strategic development and execution of the Global Financial Crimes program for Global Markets U.S. The leader will oversee a team of subject matter experts supporting Fixed Income, Currencies and Commodities (FICC), Equities, and Prime Brokerage businesses, while maintaining day-to-day engagement with key business stakeholders.The executive will provide a holistic financial crimes risk perspective, establish strategic priorities, and direct project execution across the team. As the primary point of contact for audits and regulatory examinations, the leader must effectively navigate relationships across multiple Front Line Unit executives, senior business leaders, GCOR, and GFC stakeholders. This role is responsible for identifying opportunities to enhance consistency, efficiency, and effectiveness across Global Markets while driving collaboration across GFC and GCOR partners. Success requires a balance of strategic leadership and tactical execution, coupled with strong communication, influence, and stakeholder management skills.In this capacity, the executive will lead financial crimes-related regulatory engagements, examinations, and industry forums. The leader will escalate significant financial crimes compliance and operational risk matters, including emerging regulatory developments, through appropriate governance routines and management and board-level committees. Additionally, the executive will direct independent review and challenge activities, oversee remediation of identified issues, evaluate complex risk matters, and recommend appropriate action plans to strengthen the control environment. The leader will also drive accountability across the FLU to address identified challenges and ensure the timely resolution of financial crimes risk issues.Responsibilities:Set strategic direction and manage a group of subject matter experts for the Global MarketsLead team in the identification of financial crimes risk and setting plans to mitigate identified risksWork independently to drive execution but also coordinate across GFC Risk Managers to drive consistency in practices across the teamsDirect the development and implementation of financial crimes policies and standards with a particular focus on regulatory changes and developmentsCreate and manage GFC Coverage Plan which defines the scope of coverage for GM-USDrafts independent financial crimes risk management reporting to GCOR, senior FLU leaders and legal entity boardsCreate, develop, establish and execute GFC, FLU and Enterprise risk tolerance metrics that are reflective of key risks in GM - USMonitor and evaluate financial crimes related regulatory changes applicable focusing specifically on Global MarketsLead discussions with the Financial Crimes Analytics Team to set focus for key risks and thematic reviews and set strategic direction for GFC automated detection toolsDetermine targeted risk assessments to be executed by the team focusing on new and emerging financial crimes risk.Required Qualifications:In depth knowledge of Global Markets business structure, products and services5+ years people management experience and the ability to lead teamsPrior experience leading cross-functional teams10+ years professional work experienceCollaborate with a wide variety of FLU and COR partners to drive program execution Prior experience and enthusiasm for high level strategic planning and tactical daily executionExperience working with teammates in multiple locationsDemonstrate success in presenting to senior level executives and business partners and have strong communication and presentation skillsAbility to focus on business priorities and properly manage tasks among competing initiativesAbility to work in a fast paced matrix organizationProven ability to evaluate complex matters and recommend action plans to remediate issuesEngage key stakeholders, including enterprise groups and other support partners in the planning and execution tasksTechnical understanding of Bank Secrecy Act, AML and Sanctions related laws, rules and regulationsAbility to identify, escalate and communicate issues to senior management in an effective and succinct mannerAdvanced knowledge of Excel and PowerPointBachelor’s Degree or equivalent experienceDesired Qualifications:Strong knowledge of Economic Sanctions regulationsCertified Anti-Money Laundering Specialist (CAMS) certificationPreferred Technical Skills:Credible ChallengeIssues Management & ResolutionRisk Identification & AssessmentProducts, Services & Acumen - Global MarketsAML Regulatory KnowledgeCustomer Due DiligenceEnhanced Due DiligenceFinancial Crimes Risk PrinciplesFinancial Crimes Risk ProgramsHigh Risk Activities & TypologiesPreferred Leadership Behaviors:Communicates and influences impactfullyCreates and drives strategyDemonstrates intellectual capacity and learning agilityDemonstrates sound decision makingDrives customer-focused resultsLeads with an enterprise mindset and valuesLeads with process discipline and operational excellenceManages and scales capacityManages riskOptimizes talent potentialShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$175,000.00 - $350,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.SummaryLocation: New YorkType: Full time