Global Financial Crimes Specialist (Governance Lead)

Bank of America

Bank of America

Accounting & Finance
Bromley, UK · United States · Remote
Posted on Wednesday, June 19, 2024

Job Description:

Job Title:Global Financial Crimes Specialist (Governance Lead)

Corporate Title: up to VP

Location: Bromley

Company Overview:

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!

Location Overview:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

The Team:

You will be working in a team that supports overall MLRO accountabilities across our global financial crimes assurance activities. This includes non-financial regulatory reporting, Sanctions Alert Review/Sanctions filings, review escalated client matters, regulatory Engagement and Client Reviews/MLRO Approvals. You will be joining an established team that offers ongoing training and development in a dynamic work environment.

Role Description:

This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that 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 Policies and the Enterprise Fraud Risk Management Standards.


  • Co-ordinate and manage the preparation of financial crimes related reporting.
  • Assist in the production of independent financial crimes risk management reporting to Senior Leaders.
  • Assists in the monitoring of changes in regulations applicable to Global Financial Crimes including how any changes may impact the legal entity (including completion of impact assessments).
  • Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
  • Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of Front Line Unit (FLU) / Control Function (CF)-owned issues and control enhancements related to financial crimes.
  • Reviews and challenges the FLU/CF’s Single Process Inventory for financial crimes related processes and controls.
  • Assist in identifying and devising relevant Financial Crime metrics for the legal entity, including its branches.
  • Take ownership of reporting current GFC owned metrics to relevant forums, assessing trends, and identifying items for escalation/mitigation.
  • Keep Bank of America systems up to date regarding submission of applicable GFC reports/data/attestations.

What we are looking for:

  • Demonstrable experience working in anti-money laundering compliance, audit, risk or testing position.
  • Financial Services and/or related government entity.
  • Ability to engage with and leverage teams and business partners to efficiently complete assignments.
  • Understanding of Global Payment Services products and processes.
  • Knowledge of Anti-Money Laundering and Counter Terrorist Financing legislation
  • Understanding of Banking products and Financial Crime risks / vulnerabilities
  • Great 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 a dynamic environment and global team setting.

Skills that will help:

  • Certification: ACAMS – Association of Certified Anti-Money Laundering Specialists.
  • Monitoring, Surveillance, and Testing experience.
  • Regulatory compliance and risk management experience.

Benefits of working at Bank of America:


  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters.
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.