11 hours

Glbl Fin Crimes Compl Spec

Bank of America
Charlotte, NC
  • Job Code
Company Bank of America

Job Title Glbl Fin Crimes Compl Spec

Jobid bankofamerica-17066961CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

The Global Financial Crimes Compliance (“GFCC”) Specialist under supervision, assists Global Financial Crimes Compliance executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance risks in alignment with the Compliance Risk Management (“ CRM”) Program and the Financial Crimes and Global Compliance Enterprise Policies ("GC Policy”):

+ Create and maintain a regulatory inventory.

+ Update relevant policies to ensure they reflect regulatory requirements for Financial Crimes.

+ Conduct compliance risk assessments.

+ Contribute to monitoring and testing coverage plans and related metrics.

+ Monitor and test the effectiveness of the front line unit and control function compliance risk controls.

+ Execute governance and management routines.

+ Identify aggregate, report and escalate compliance risks, issues and control enhancements.

+ Identify compliance training needs and inspect Front Line Unit (“FLU”), Control Function (“CF”) and third party participation for Financial Crimes.

+ Assist with preparations for and participate in regulatory exams and audits for Financial Crimes.

+ Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.

+ Escalate regulatory relations concerns to GFCC Compliance Manager or Executive.

This role is responsible for ensuring consistent quality of activities, processes and outputs by engaging in effective review practices across the team. This role may have Money Laundering Reporting Officer responsibilities.

This position is within the Global Detection & Monitoring - Transaction Monitoring and Strategy team as part of the Global Financial Crimes Compliance - Financial Intelligence Unit whose mission is to mitigate Money Laundering risk. Ideal candidate should have business/financial, quantitative analysis, operations, and strong communication skills. **Additional responsibilities include:**

+ Work with stakeholders (Risk Management, Financial Crimes Investigations, Data Discovery Assessment & Reporting Technology, Enterprise Risk Analytics, etc.) to identify Anti-money laundering (AML) risks/typologies, data availability, and suspicious transaction detection strategies.

+ Use independent judgment to assess feasibility, limitations, assumptions, and risks for transaction monitoring solutions.

+ Write clear and concise business and technology requirements documents.

+ Conduct quantitative analysis and develop proof of concepts for transaction monitoring solutions/strategies to assess impacts, risks, and benefits.

+ Conducts research and accumulates documents in support of regulatory/audit requests.

+ Assist in developing AML transaction monitoring strategies.

+ May participate in Economic Sanctions projects.

**Required Skills:**

+ Ability to interact with a diverse group of stakeholders with different backgrounds.

+ Intermediate to advanced programming skills in SAS, SQL, or R.

+ Highly proficient in Microsoft Office applications (Word, Excel, PowerPoint, Project, MS Access, and Visio).

+ Excellent written and verbal communication skills.

+ Strong working knowledge of extraction and transformation of data from different data warehouses

+ Ability to present complex and/or ambiguous information to stakeholders and senior leadership in a clear and concise manner.

+ Ability to create and present high quality presentations and governance documents.

+ Ability to understand complex processes, identify weaknesses/limitations, and develop solutions.

+ Ability to exercise independent judgment, formulate sound conclusions, and take action.

+ Ability to support multiple projects and effectively prioritize.

+ Must be a self-motivated worker who is comfortable and effective working with varying levels of guidance.

**Desired Skills:**

+ An advanced degree (e.g., MS, MA, MBA) in disciplines such as finance, financial engineering, economics, econometrics, engineering, mathematics, statistics, etc.

+ Knowledge of banking and financial products.

+ Project Management experience.

+ Technical background.

+ Operational background.

+ Strategy development.

**Posting Date** : 10/17/2017

**Location** :

Charlotte, NC, 201 N TRYON ST (NC1022),

- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

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Glbl Fin Crimes Compl Spec

Bank of America
Charlotte, NC

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Bank of America
Charlotte, NC

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