AMVETS Jobs

Global Financial Crimes Specialist

Charlotte, North Carolina;Pennington, New Jersey

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

The Global Financial Crimes (GFC) Specialist role is responsible for assisting Global Financial Crimes executives and managers in the execution of the Company's Global Financial Crimes (GFC) Program with a focus on Merrill Lynch, Private Bank, Consumer Investments, Global Markets – U.S. and Global Operations (including Wealth Management Operations and Global Markets – U.S. Operations). Key responsibilities include working closely with Global Financial Crimes executives and managers to support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policy and Standards. This individual will use various tools and data analytics skills to learn to detect, escalate and report potentially suspicious activity and manage the business of money laundering risk. This individual will be trained to identify potential trends and themes to further enhance the GFC’s financial crimes oversight of compliance and operational risk.

Responsibilities:

• Partner and support GFC executives, managers and risk management teams with analysis of business processes, internal controls, client behavior and transaction trends (e.g. Single Process Inventory review and assessments., etc.)

• Assist in GFC GWIM and Global Markets – U.S. team’s execution of the Global Financial Crimes Program, including regulatory change, issue management, challenges, governance reporting, exam and audit coordination, metrics, etc.

• Assist and support the GFC GWIM and Global Markets – U.S. risk managers with the following:

• Conduct risk assessments, threat assessments and process understandings to identify new or emerging financial crimes risks

• Perform data analysis to assess front line unit (FLU) controls and identify opportunities to improve the FLU control environment (e.g. Single Process Inventory control assessments, etc.)

• Identify potentially suspicious broker-dealer activity such as insider trading, market abuse/market manipulation and potentially unusual trading activity

• Participate in ad-hoc projects related to regulatory inquiries, trading and market moving news events (corporate scandals, regulatory actions, regulatory developments) and internal escalations

• Develop, execute and evaluate monitoring and testing routines results to identify potential trends, patterns or gaps in GFC oversight of the Global Financial Crimes Program related to GWIM and Global Markets – U.S.

• Assist in the production of independent financial crimes risk management reporting

Required Qualifications:

• 3 - 5 Years working in anti-money laundering compliance, audit, risk or a process/controls focused position.

• Bachelors’ degree or equivalent years of experience

Desired Qualifications:

• Financial Services and/or related government entity

• Strong personal drive, attention to detail, individual initiative, a sense of urgency and responsiveness, with a desire to grow, learn and take on increasing levels of responsibility

• Must be a self-motivated, critical thinker who is comfortable and effective working with varying levels of guidance

• Ability to handle multiple projects in dynamic environment and global team setting

• Risk management, issue management, regulatory guidance

• Proven process design and project management

• Policies, procedures and guidelines management

• Monitoring, Surveillance, and Testing

• Written and Oral Communications

• Presentation and Reporting Skills

• Proficient in Microsoft Products including expert knowledge of PowerPoint and Excel

• Certification: ACAMS – Association of Certified Anti-Money Laundering Specialists

• Broker/Dealer industry experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .