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Job Description:
The Sr. Financial Crimes Program Manager will report to the Private Bank Supervision Executive and will be part of an integrated leadership team focused on managing the Financial Crimes (FC) program and risk framework and client activity monitoring programs within the Private Bank. This includes collaborating closely with leadership across the Private Bank, Merrill/CI, GFC and the broader enterprise to manage critical AML process activities, lead regulatory initiatives and partner closely with Private Bank field leadership, client teams, and support partners.
The position requires demonstrated expertise in Financial Crimes including regulatory exam management, risk framework, client activity monitoring and the development of high performing teams. Ability to independently identify, assess and debate risks within the business, formulate action plans to address and mitigate risks and proactively improve policies, procedures, and process flows for the FLU.
Responsibilities:
- Engages with stakeholders to identify issues and control improvements for remediation and ensures issue resolution
- Acts as an ambassador of the risk culture, monitoring and reporting on the Line of Business or Enterprise Control Function's Operational Risk Profile
- Oversees the assessment of the design and effectiveness of the risk and control environment to support Client Operational Services and ensure adherence to enterprise-wide standards
- Oversees the implementation of optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
- Ensures timely execution of QA activities including control execution, case management, and results reporting
- Oversees all operations front line unit responses for regulatory exams, internal audits, and other monitoring and inspection reviews
- Provide AML/GES subject matter expertise across the business
- Lead and/or provide support for FC-related supervision and oversight initiatives for the Private Bank
Ownership of the PB Financial Crimes Program risk framework
Ownership of comprehensive AML SPI inventory, including maintaining enterprise consistency, routine inspection of processes, stress-testing risks, designing appropriate controls all with continuous improvements - Identification, management, and timely resolution of AML/GES audit Issues
- Coordination of AML/GES Regulatory Exams, Internal Audits, and control partner assessments
- Develop and manage PB Client Activity Monitoring processes/program
- Identification and oversight of high-risk client types
- Manage, continue to enhance end-to-end FC QA program
- Participate or represent the Private Bank on Enterprise and FLU committees and routines related to Financial Crimes matters
- Collaborate across PB, GWIM, the Bank, and support functions such as Technology and Operations to ensure seamless identification and resolution of breached metrics, non-performing processes, red flags and client issues
- Update relevant PB policies / procedures to ensure they reflect regulatory requirements and Bank standards
Required Skills:
- Subject matter expertise in Financial Crimes regulations and regulatory landscape. Strong understanding of Bank Secrecy
- Act/Anti-Money Laundering, Sanctions (i.e., OFAC) regulatory requirements is an advantage
- Strong, demonstrated project management capabilities and highly organized with attention to detail
- Ability to establish partnerships across the line of business and Bank, influence, tell the story and present to senior leadership
- Experience working with Regulators, including presenting process overviews and issue validation
- Ability to successfully communicate to influence management and lead change on both strategic and tactical initiatives
- Fosters an inclusive and integrated approach to building and leading high performing teams
- Knowledge of the broader GWIM and BAC organization and ability to influence across lines of business, support and control partners
- Proven strong communication skills (both written and oral)
- Proven analytical mindset and quantitative capabilities, with some experience working with large data sets
- Preferred skills with Visio and creating process maps
- Ability to work independently and prioritize multiple projects/requests
- Excellent Excel, Power Point and Microsoft Word proficiency
Desired Skills:
- BA/BS degree OR equivalent business experience
- 10+ years in Financial Crimes related roles, including experience in a Wealth Management business, preferably 1 plus years of strong knowledge of the Private Bank
- Experience in a Risk, Compliance or Audit in Financial Institutions
- Certified Anti-Money Laundering Specialist (CAMS) certification preferred
Skills:
- Controls Management
- Oral Communications
- Risk Management
- Stakeholder Management
- Strategy Planning and Development
- Continuous Improvement
- Drives Engagement
- Influence
- Strategic Thinking
- Talent Development
- Data and Trend Analysis
- Decision Making
- Problem Solving
- Quality Assurance
Shift:
1st shift (United States of America)
Hours Per Week:
40