Global Financial Crimes Manager

Bank of America

Bank of America

Accounting & Finance
Charlotte, NC, USA · New York, NY, USA · Jersey City, NJ, USA · United States · Remote
Posted on Tuesday, June 25, 2024

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!

Job Description:
This job is responsible for executing substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include working directly or through compliance officers for the Front Line Units (FLUs) and Control Functions (CFs) to complete compliance, policy, operational/fraud risk management requirements.


  • Advises and directs the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
  • Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
  • Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
  • Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
  • Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
  • Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
  • Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately.

Financial Crimes Analytics

• Be a subject matter expert (SME) in the identification and evaluation of financial crimes.

• Perform data analysis, compile a crisp illustration of the problem and communicate with stakeholders including executive leadership across all lines of businesses.

• Interact with senior executives and influence outcomes through clear risk mitigation recommendations.

• Understand what financial crimes risk looks like in the data and partner across the enterprise to quantify and explain existing and emerging risks.

• Understand the internal processes related to fraud, anti-money laundering (AML) and economic sanctions risk.

• Support a variety of functions within the team including:

• Payment Surveillance and External Events: Perform surveillance of high-risk wire activity and cash letter and check activity and facilitate integration of legal orders into the intelligence process

• Tactical Analysis: Search for exposure to high-risk matters, develop financial crimes networks to augment investigations and participate in regulatory information sharing processes

• Institutional Analysis: Review for indications of illicit finance conducted through Institutional clients globally including financial markets and escalate results

• Behavioral Analytics: Conduct behavioral and strategic analyses of illicit finance trends and research new methods of identifying or segmenting financial crimes risk

As the Manager, you will

• Share in the profile described above, plus:

• Cultivate talent

• Track, assign, oversee the work of the team

• Demonstrate leadership and inspire the team to achieve significant results

• Works on the implementation of strategy through the team

• Manage a team to practically identify illicit threats in the markets and in the finance sector

• Develop detection prototypes to identify risks ongoing

• Knowledgeable in markets products and how they can be exploited for money launder and in financial crimes

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
  • Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
  • Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
  • People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications

• 7 or more years of relevant work experience in Financial Services or Government entity with preference for anti-money laundering (AML), Fraud and/or Economic Sanctions background

• Bachelor degree or equivalent experience

• Knowledge of anti-money laundering (AML), Fraud and Economic Sanctions regulations required
• Financial crimes investigations skills and strong interest in data analytics

Desired Qualifications
• Certified Anti-Money Laundering Specialist (CAMS) certification and/or Certified Fraud Examiner (CFE) certification


  • Critical Thinking

  • Monitoring, Surveillance, and Testing

  • Regulatory Compliance

  • Risk Management

  • Coaching

  • Issue Management

  • Policies, Procedures, and Guidelines Management

  • Strategy Planning and Development

  • Written Communications

  • External Resource Management

  • Reporting

  • Talent Development


1st shift (United States of America)

Hours Per Week: